Common use of Repurchase Sole Remedy Clause in Contracts

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 30 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

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Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s 's repurchase obligation under this Section 3.4.

Appears in 19 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-D), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-C)

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty the Sponsor’s representations and warranties made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-A)

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Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty the Sponsor’s representations and warranties made by the Sponsor in Section 3.3 is to require the Sponsor to Sponsor’s repurchase of the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

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