Common use of Repurchase Procedure Clause in Contracts

Repurchase Procedure. If Seller repurchases Purchased Assets pursuant to Section 5.2, (i) Seller shall, on the related repurchase date, pay the related repurchase price by wire transfer of immediately available funds to an account designated by Buyer and (ii) Buyer shall, on such repurchase date, execute such documents and instruments of transfer or assignment and take such other actions as may be reasonably requested by Seller to effect the sale of such Purchased Assets to Seller. All such Purchased Assets shall be reassigned by Buyer without recourse, representation or warranty of any kind.