Common use of Repurchase Transactions Clause in Contracts

Repurchase Transactions. The Buyer may, in its sole election, engage in repurchase transactions with the Purchased Assets or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets with a counterparty of the Buyer's choice, in all cases subject to the Buyer's obligation to reconvey the Purchased Assets (and not substitutes therefor) on or before, as applicable, the Termination Date.

Appears in 2 contracts

Samples: Master Repurchase Agreement (American Business Financial Services Inc /De/), Master Repurchase Agreement (American Business Financial Services Inc /De/)

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Repurchase Transactions. The Buyer may, may in its sole election, election engage in repurchase transactions with the Purchased Assets Securities or otherwise pledge, hypothecate, assign, transfer or otherwise convey the Purchased Assets Securities with a counterparty of the Buyer's choice; provided, however, that no such transaction by Buyer shall relieve Buyer of its obligations to Seller in all cases subject to connection with the Buyer's obligation to reconvey repurchase by Seller of any Purchased Securities in accordance with the Purchased Assets (and not substitutes therefor) on or before, as applicable, the Termination Dateterms of this Agreement.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)

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Repurchase Transactions. The Buyer may, may in its sole election, election engage in repurchase transactions with the Purchased Eligible Assets or otherwise pledge, hypothecate, assign, transfer pledge or otherwise convey hypothecate the Purchased Eligible Assets with a counterparty of the Buyer's choice; provided, however, that no such transaction by Buyer shall relieve Buyer of its obligations to Seller in all cases subject to connection with the Buyer's obligation to reconvey repurchase by Seller of any Eligible Assets in accordance with the Purchased Assets (and not substitutes therefor) on or before, as applicable, terms of the Termination DateAgreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Onyx Acceptance Corp)

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