Repurchase Sole Remedy. The sole remedy for a breach of the Seller’s representations and warranties made in Section 3.03 is to require the Seller to repurchase the related Receivable under Section 2.05 of the Sale and Servicing Agreement.
Appears in 10 contracts
Samples: Receivables Purchase Agreement (Daimler Trucks Retail Trust 2024-1), Receivables Purchase Agreement (Daimler Trucks Retail Trust 2024-1), Receivables Purchase Agreement (Mercedes-Benz Auto Receivables Trust 2023-1)
Repurchase Sole Remedy. The sole remedy for a breach of the Seller’s representations and warranties made in Section 3.03 is to require the Seller to repurchase the related Receivable under Section 2.05 of this Section. The Purchaser will enforce the Sale and Servicing AgreementSeller’s repurchase obligation under this Section.
Appears in 10 contracts
Samples: Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Auto Receivables Trust 2018-1), Receivables Purchase Agreement (California Republic Auto Receivables Trust 2018-1)
Repurchase Sole Remedy. The sole remedy for a breach of the Seller’s representations and warranties made in Section 3.03 is to require the Seller Sponsor to repurchase the related Receivable under Section 2.05 of this Section. The Purchaser will enforce the Sale and Servicing AgreementSeller’s repurchase obligation under this Section.
Appears in 1 contract
Samples: Receivables Purchase Agreement (California Republic Funding LLC)
