REPURCHASE OF CONTRACTS Sample Clauses

REPURCHASE OF CONTRACTS. Upon the occurrence of a Triggering Event, Seller may elect to repurchase any Contract within the time specified in this Article V. The purchase price for the Contract to be repurchased shall be the payoff amount on the Contract plus all accrued and unpaid interest thereon, less one-half of the unearned discount on the Contract at the date of exchange. In addition, Seller shall reimburse Purchaser for any and all expenses incurred by Purchaser with respect to such Contract. Upon the receipt by Purchaser of the repurchase price together with any expenses as set forth in this Section 5.5, Purchaser shall promptly deliver to Seller the Contract to be repurchased, the Contract File related to the repurchased Contract, and all other documents in the possession of Purchaser related to the repurchased Contract.
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REPURCHASE OF CONTRACTS. (a) Upon discovery by the Seller of a breach of any of the representations and warranties set forth in Exhibit B, the Seller shall give prompt written notice thereof to the other party. If the Seller does not correct or cure such breach on or before the 15th day following the earlier of discovery of such breach by Seller or receipt of notice of such breach, then the Seller shall repurchase such Contract on the Repurchase Date next succeeding such 15th day following receipt of such notice (or, if such 15th day following receipt of such notice occurs on a Repurchase Date, on such Repurchase Date).
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REPURCHASE OF CONTRACTS or Substitution of Contracts for -------------------------------------------------------- Breach of Representations and Warranties. ----------------------------------------
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REPURCHASE OF CONTRACTS. (a) If NCC or Client reasonably determines that:
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REPURCHASE OF CONTRACTS. APX will take such actions as may be necessary to exercise, at the Closing, subject to the payment by Buyer of the repurchase amounts set forth in Sections 2.2(f) and 2.2(g), APX’s rights to acquire all rights, title and interest in the Assets to be Acquired (as defined in each of the RBS Agreement, the Riverwoods II Agreement and the Riverwoods III Agreement) (collectively, the “Account Repurchases”).
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REPURCHASE OF CONTRACTS. If any representation or warranty of the Seller contained in Section 3.2(b) shall be breached or shall fail to be true, and such breach or failure shall not have been cured by the close of business on the last day of the Collection Period which includes the thirtieth (30th) day after the date on which the Seller becomes aware of, or receives written notice from the Purchaser, the Indenture Trustee, the Owner Trustee, the Noteholders or the Certificateholders of, such breach or failure, and such breach or failure materially and adversely affects the interest of the Purchaser or the Trust in a Contract, the Seller shall repurchase such Contract from the Purchaser or the Trust on the Payment Date immediately following such Collection Period. In consideration of the repurchase of a Contract hereunder, the Seller shall remit the Purchase Amount of such Contract to the Purchaser or the Trust, as applicable. The sole remedy of the Purchaser, the Trust, the Indenture Trustee, the Owner Trustee, the Noteholders and the Certificateholders with respect to a breach or failure to be true of the representations and warranties made by the Seller pursuant to Section 3.2(b) shall be to require the Seller to repurchase Contracts pursuant to this Section 6.2.
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REPURCHASE OF CONTRACTS. Upon discovery by Seller of a breach of any of the representations and warranties set forth in Commercial Exhibit B or Residential Exhibit B, as the case may be, Seller shall give prompt written notice thereof to Buyer. If Seller does not correct or cure such breach on or before the 15th day following the earlier of discovery of such breach by Seller or receipt of notice of such breach, then Seller shall repurchase such Contract on the Repurchase Date next succeeding such 15th day following receipt of such notice (or, if such 15th day following receipt of such notice occurs on a Repurchase Date, on such Repurchase Date). The provisions of this Section shall not be deemed to limit, or affect the time periods provided for in, any other provision of this Agreement respecting margin maintenance or otherwise.
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REPURCHASE OF CONTRACTS. Dealer will repurchase any obligation purchased by PCI under this Agreement if any of the foregoing warranties or representations shall be materially false misleading or untrue with respect to such obligation or any related contract. In any case of repurchase by Dealer of an obligation under this Section 3, Dealer agrees upon demand to pay to PCI the purchase price paid by PCI therefor and all interest due but not paid there under less PCI’s actual collections thereon, together with any costs. Expenses and attorney fees expended in attempts to enforce the terms of any related contract. All obligations repurchased by Dealer hereunder shall be reassigned to Dealer, without recourse to PCI, and without warranties, express or implied, and shall be delivered to Dealer against payment to PCI. PCI shall not be bound to exhaust its recourse against any security on any obligor before being entitled to payment by Dealer. Dealer waives all notice which Dealer may be entitled to receive and waives all set-offs and counterclaims.
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REPURCHASE OF CONTRACTS. If Dealer is required to repurchase any contract pursuant to paragraph 6 hereof, Dealer shall on demand pay to American in cash, the gross unpaid balance remaining on the contract, less unearned finance charges. If for any reason Dealer fails to purchase any such contract and there has been a default thereunder, American may repossess any collateral covered and sell it at public or private sale without notice to Dealer, and Dealer will be liable for and shall pay to American any deficiency balance.
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Related to REPURCHASE OF CONTRACTS

  • Repurchase of Notes Neither the Company nor any Restricted Subsidiary or Affiliate, directly or indirectly, may repurchase or make any offer to repurchase any Notes unless the offer has been made to repurchase Notes, pro rata, from all holders of the Notes at the same time and upon the same terms. In case the Company repurchases any Notes, such Notes shall thereafter be cancelled and no Notes shall be issued in substitution therefor.

  • Repurchase Agreements With respect to all agreements pursuant to which the Company or any of its Subsidiaries has purchased securities subject to an agreement to resell, if any, the Company or any of its Subsidiaries, as the case may be, has a valid, perfected first lien or security interest in the government securities or other collateral securing the repurchase agreement, and, as of the date hereof, the value of such collateral equals or exceeds the amount of the debt secured thereby.

  • Repurchase Offers In the event that, pursuant to Sections 4.10 and 4.14 hereof, the Company shall be required to commence an offer to all Holders to purchase their respective Notes (a “Repurchase Offer”), it shall follow the procedures specified below. The Repurchase Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Company shall purchase the principal amount of Notes required to be purchased pursuant to Sections 4.10 and 4.14 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Repurchase Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Repurchase Offer. Upon the commencement of a Repurchase Offer, the Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Repurchase Offer. The Repurchase Offer shall be made to all Holders. The notice, which shall govern the terms of the Repurchase Offer, shall state:

  • Repurchase of Receivables In the event of a breach of any representation or warranty set forth on Exhibit A which materially and adversely affects the interests of the Issuer or the Securityholders and unless the breach shall have been cured by the last day of the second Collection Period following the Collection Period in which the discovery of the breach is made or notice is received, as the case may be (or, at the option of the RPA Seller, the last day in the first Collection Period following the Collection Period in which such discovery is made), the RPA Seller shall repurchase such Receivable. In consideration of the purchase of any such Receivable, on the related Payment Date, the RPA Seller shall remit an amount equal to the Warranty Purchase Payment in respect of such Receivable to the Purchaser and shall be entitled to receive the Released Warranty Amount. Upon any such repurchase, each of the Purchaser and the Issuer shall, without further action, be deemed to transfer, assign and otherwise convey to the RPA Seller, without recourse, representation or warranty, all the right, title and interest of either the Purchaser or the Issuer in, to and under such repurchased Receivable, all monies due or to become due with respect thereto and all proceeds thereof. The Purchaser, the Issuer, the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as applicable, shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by the RPA Seller to effect the conveyance of such Receivable pursuant to this Section. The sole remedy of the Purchaser, the Issuer, the Trustees or the Securityholders with respect to a breach of the RPA Seller’s representations and warranties pursuant to Section 2.03(a) shall be to require the RPA Seller to repurchase the related Receivables pursuant to this Section.

  • Sale and Purchase of the Notes Subject to the terms and conditions of this Agreement, at the Closing the Company shall issue and sell to each Investor, and each Investor shall purchase and acquire from the Company, the Notes with the applicable principal amount set forth opposite such Investor’s name under Schedule I hereto for a purchase price equal to the principal amount of the Notes (the “Purchase Price”). The obligations of each Investor to purchase its portion of the Notes are several and not joint.

  • Repurchase of Units (a) Except as otherwise provided in this Agreement, no Partner or other Person holding Units will have the right to withdraw or tender for repurchase any of its Units. The Directors may, from time to time, in their complete and exclusive discretion and on terms and conditions as they may determine, cause the Partnership to repurchase Units in accordance with written tenders. The Partnership will not offer, however, to repurchase Units on more than four occasions during any one Fiscal Year, unless the Partnership has been advised by its legal counsel that more frequent offers would not cause any adverse tax consequences to the Partnership or the Partners. In determining whether to cause the Partnership to repurchase Units, pursuant to written tenders, the Directors will consider the following factors, among others:

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