Common use of Repurchase Events Clause in Contracts

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("Repurchase Events") and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the TrustIndenture Trustee, the Indenture Trustee Owner Trustee, the Noteholders and the holders of the SecuritiesCertificateholders, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events an event obligating the Seller to repurchase Receivables hereunder (each, a "Repurchase EventsEvent") and pursuant at a price equal to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment Amount from the Purchaser or, as described in Section 6.4 below, or from the Trust. The Subject to Section 5.4(a), the repurchase obligation of the Seller shall constitute the sole remedy of to the holders of the Securities, the TrustPurchaser, the Indenture Trustee Trustee, the Owner Trustee, the Noteholders and the Purchaser Certificateholders against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's ’s representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("“Repurchase Events"”) and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the TrustIndenture Trustee, the Indenture Trustee Owner Trustee, the Noteholders and the holders of the SecuritiesCertificateholders, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events an event obligating the Seller to repurchase Receivables hereunder (each, a "Repurchase EventsEvent") and pursuant at a price equal to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment Amount from the Purchaser or, as described in Section 6.4 below, or from the Trust. The Subject to Section 5.5(a), the repurchase obligation of the Seller shall constitute the sole remedy of to the holders of the Securities, the TrustPurchaser, the Indenture Trustee Trustee, the Owner Trustee, the Noteholders and the Purchaser Certificateholders against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the TrustOwner Trustee, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("Repurchase Events") and pursuant to Section 3.02 of the Sale and Servicing Agreement), at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the sole remedy of the holders of the Securities, the TrustOwner Trustee, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's ’s representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("“Repurchase Events"”) and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.. (Nissan Purchase Agreement)

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and [Owner Trustee] [Trustee]and the holders of the [Securities] [Certificates], that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("Repurchase Events") and pursuant to Section 3.02 of the Sale and Servicing Agreement), at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the sole remedy of the holders of the [Securities] [Certificates], the Trust, the Indenture Trustee [Owner Trustee][Trustee] and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("Repurchase Events") and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the 13 (Nissan 2004-B Purchase Agreement) sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("Repurchase Events") and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the (Nissan 2004-C Purchase Agreement) sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.

Repurchase Events. The Seller hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Trust, the Indenture Trustee and the holders of the Securities, that the occurrence of a breach of any of the Seller's ’s representations and warranties contained in Section 3.2(b) shall constitute events obligating the Seller to repurchase Receivables hereunder ("“Repurchase Events"”) and pursuant to Section 3.02 of the Sale and Servicing Agreement, at the amount of the Warranty Purchase Payment from the Purchaser or, as described in Section 6.4 below, from the Trust. The repurchase obligation of the Seller shall constitute the 14 (Nissan 2006-A Purchase Agreement) sole remedy of the holders of the Securities, the Trust, the Indenture Trustee and the Purchaser against the Seller with respect to any Repurchase Event.