Common use of Repurchase Sole Remedy for Breach Clause in Contracts

Repurchase Sole Remedy for Breach. The sole remedy of the Issuer, the Indenture Trustee, the Owner Trustee and the Secured Parties for any extension or modification of a Receivable under Section 3.2(b) or a breach of the covenants made by the Servicer in Section 3.2(c) or (d) is the Servicer’s purchase of the Receivable under this Section 3.3.

Repurchase Sole Remedy for Breach. The sole remedy of the Issuer, the Indenture Trustee, the Owner Trustee and the Secured Parties for any extension or modification the occurrence of a Receivable under condition stated in Section 3.2(b) or a breach of the covenants made by the Servicer in Section 3.2(c) or (d) is the Servicer’s purchase of the Receivable under this Section 3.3.