Common use of Repurchase Dispute Resolution Clause in Contracts

Repurchase Dispute Resolution. The Seller hereby agrees to cooperate with the Issuer and the Indenture Trustee in any ADR Proceeding commenced pursuant to Section 2.4(d) of the Sale and Servicing Agreement. The Purchaser hereby agrees to provide the Seller with the opportunity to exercise any rights of the Purchaser pursuant to the Sale and Servicing Agreement with respect to an ADR Proceeding to the extent a dispute relates to the representations and warranties of the Seller contained in Section 3.4.

Appears in 78 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-4), Receivables Purchase Agreement (Carmax Auto Funding LLC)

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Repurchase Dispute Resolution. The Seller hereby agrees to cooperate with the Issuer and the Indenture Trustee Interested Parties in any ADR Proceeding commenced pursuant to Section 2.4(d) of the Sale provisions set forth in the Further Transfer and Servicing AgreementAgreements. The Purchaser XXXX hereby agrees to provide the Seller with the opportunity to exercise any rights of the Purchaser XXXX pursuant to the Sale Further Transfer and Servicing Agreement Agreements with respect to an ADR Proceeding to the extent a dispute relates to the representations and warranties of the Seller contained in Section 3.44.01 or Section 4.02.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2)

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