Repurchase or Substitution of Warranty Breach Loan Assets. If on any day a Loan Asset is (or becomes) a Warranty Breach Loan Asset, no later than ten (10) Business Days following the earlier of knowledge by the Borrower of such Loan Asset becoming a Warranty Breach Loan Asset or receipt by the Borrower from the Administrative Agent or the Servicer of written notice thereof, the Borrower shall either:
Repurchase or Substitution of Warranty Breach Loan Assets. No later than ten (10) Business Days following the earlier of knowledge by a Loan Party of a Loan Asset becoming a Warranty Breach Loan Asset or receipt by such Loan Party from the Administrative Agent or the Servicer of written notice thereof, the Borrower shall (or shall cause a Securitization Subsidiary to) either:
Repurchase or Substitution of Warranty Breach Loan Assets. (a) No later than two (2) Business Days following the receipt by the Seller of written notice from the Purchaser of a Loan Asset becoming a Warranty Breach Loan Asset, the Seller shall either, in its sole discretion, (i) repurchase such Warranty Breach Loan Asset (each, a “Repurchase”) or (ii) substitute for such Warranty Breach Loan Asset a Substitute Eligible Loan Asset (each, a “Substitution”), in each case in accordance with and subject to the requirements of Section 2.07(b) and Section 3.04 of the Loan Agreement, including the receipt by the Purchaser of an Approval Notice in respect of any Substitute Eligible Loan Asset.
Repurchase or Substitution of Warranty Breach Loan Assets. If on any day a Loan Asset is (or becomes) a Warranty Breach Loan Asset and is required to be repurchased (or a Substitute Eligible Loan Asset is to be substituted for such Warranty Breach Loan Asset , in each case in accordance with Section 2.2 of the Purchase and Sale Agreement, the Borrower shall either:
