Repurchase Price. Unless agreed otherwise by the Purchaser and the Company, a price equal to (i) the Stated Principal Balance of the Mortgage Loan plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase.
Repurchase Price. (i) The repurchase price (the "Repurchase Price") for Unvested ---------------- Shares repurchased hereunder shall be the Original Cost for such shares (as adjusted for any stock split, stock dividend, recapitalization or other reorganization). The "Original Cost" of shares of Class B Common and Class ------------- C Common issued hereunder (as well as any Class B Common issued upon conversion of Class C Common issued hereunder), and any shares issued with respect to such shares, shall be equal to the par value of such shares. The "Original Cost" of all other shares shall be the aggregate ------------- consideration (if any) paid by Executive (or, if applicable, holder of Executive Stock) in exchange for such shares; provided that if any of the -------- consideration paid for such shares consisted of unvested shares of Class B Common or Class C Common (or any shares issued with respect to such shares), the amount of such consideration constituting unvested Class B Common or Class C Common (or shares issued with respect to such shares) shall be deemed to be the par value of such shares of unvested Class B Common or Class C Common (or shares issued with respect to such shares).
(ii) The Repurchase Price for shares of Vested Executive Stock repurchased hereunder shall be the fair market value of such shares on the date of the Repurchase Notice (determined according to the method set forth in paragraph 3(d) below); provided that if Executive's employment is -------- terminated by the Company or any of its subsidiaries for Cause (as defined below), the Repurchase Price for shares of Class A Common repurchased hereunder shall be the lesser of (A) Executive's Original Cost paid for ------ such shares (as adjusted for any stock split, stock dividend, recapitalization or other reorganization), and (B) the fair market value of such shares on the date of the Repurchase Notice (determined according to the method set forth in paragraph 3(d) below), and the Repurchase Price for all other shares of Vested Executive Stock shall be the Original Cost of such shares.
Repurchase Price. Unless agreed otherwise by the Purchaser and the Company (including without limitation as set forth in the Commitment Letter), a price equal to (i) the Scheduled Principal Balance of the Mortgage Loan plus (ii) interest on such Scheduled Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser to the last day of the month of repurchase, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase, to the extent such amounts are actually paid to the Purchaser upon the repurchase of the related Mortgage Loan plus (iii) any costs and damages, including reasonable attorneys' fees and costs, incurred by the trust in the applicable Securitization Transaction in connection with any violation by the Mortgage Loan of any predatory or abusive lending law.
Repurchase Price. With respect to any Contract required to be repurchased ---------------- hereunder, an amount equal to the remaining principal amount outstanding on such Contract as of the beginning of the month of repurchase plus accrued interest from the Due Date with respect to which the Obligor last made a payment to the Due Date in the Collection Period in which such Contract is repurchased.
Repurchase Price. Unless otherwise agreed by the Purchaser and the Company (including without limitation as set forth in the commitment Letter), a price equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date on which such repurchase takes place, plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase, plus (iii) all costs and expenses incurred by the Purchaser arising out of or based upon such breach, including without limitation costs and expenses incurred in the enforcement of the Company's repurchase obligation hereunder.
Repurchase Price. The price per Share to be paid by the Corporation upon settlement of the Corporation’s Call Right (the “Repurchase Price”) shall equal the Fair Market Value of a Share determined as of the date of the Call Notice; provided, however, that if the Participant’s separation from the Company is for Cause, the Repurchase Price shall equal the lesser of (x) the Fair Market Value of a Share determined as of the date of the Call Notice and (y) the Exercise Price paid for the Share.
Repurchase Price. Unless otherwise agreed by the Purchaser and the Company, in the Commitment Letter, a price equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date on which such repurchase takes place, plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase.
Repurchase Price. The price to be paid for the exercise of an option under this Article III (the “Repurchase Price”) shall be equal to: (i) during the period starting on the Effective Date and ending on 31 May 2024 (the “Initial Period”), One Hundred Forty Thousand Dollars ($140,000); and, (ii) starting on the Commencement Date and throughout the Pay-out Period, One Hundred Fifty-Four Thousand Dollars ($154,000), referred to herein as the “Increased Amount”.
Repurchase Price. A. The repurchase price for Loans subject to a Repurchase Obligation pursuant to Section 7.0 hereof shall be as follows:
(1) The current unpaid principal balance of such Loan if it has been pooled or resold. If such Loan has not been pooled or resold by Plaza, the repurchase price shall be at the original price, less principal reduction since the original purchase of the Loan by Plaza; plus
(2) All interest accrued but unpaid on the principal balance of the Loan from the paid-to-date of the Loan through and including the last day of the month in which the repurchase is made; plus
(3) All expenses, including but not limited to reasonable fees and expenses of counsel, incurred by Plaza in enforcing Seller’s obligation to repurchase such Loan and/or resulting from any breaches of Seller’s representations and warranties under this Agreement; plus
(4) The original servicing release premium paid by Plaza with respect to such Loan; plus
(5) Any unreimbursed advances of taxes, insurance or property preservation made by Plaza with regard to such Loan as of the date of repurchase; less
(6) Any proceeds of mortgage insurance with respect to the Loan collected by Plaza. Upon any such repurchase of Loans by Seller, Plaza shall endorse the promissory note (without recourse) and shall assign any security interest (without recourse and in recordable form) to Seller.
B. If the Mortgaged Property securing the Loan has been acquired by Plaza by agreement with the owner thereof or by foreclosure to mitigate its loss then the repurchase price pursuant to Section 7.0 hereof, notwithstanding the amount of Plaza’s credit bid, shall be:
(1) The current unpaid principal balance of such Loan if it has been pooled or resold. If such Loan has not been pooled or resold by Plaza, the repurchase price shall be at the original price, less principal reduction since the original purchase of the Loan by Plaza; plus
(2) All interest accrued but unpaid on the principal balance of the Loan from the paid-to-date of the Loan through and including the last day of the month in which the foreclosure sale occurs; plus
(3) All costs and expenses, including but not limited to fees, costs, and expenses incurred by Plaza as owner of the property, reasonable fees and expenses of counsel, incurred by Plaza in connection with the foreclosure or acquisition and in enforcing Seller’s Repurchase Obligations hereunder and/or resulting from any breaches of Seller’s representations and warranties under this Agree...
Repurchase Price. Unless agreed otherwise by the Purchaser and the Company, a price equal to (i) the Stated Principal Balance of the Mortgage Loan plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase. Securities Act of 1933 or the 1933 Act: The Securities Act of 1933, as amended.
