Repurchases of Transferred Receivables. If an Originator is required (or permitted) to repurchase Transferred Receivables from the Borrower pursuant to Section 4.04 of the Sale Agreement, upon payment by such Originator to the applicable Concentration Account of the applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Outstanding Balance of such Transferred Receivable), the Administrative Agent on behalf of the Secured Parties shall release their liens on and security interests in the Transferred Receivables being so repurchased.
Repurchases of Transferred Receivables. If an Originator is required to repurchase Transferred Receivables from the Borrower pursuant to Section 4.04 of the Sale Agreement, upon payment by such Originator to a Collection Account of the applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Billed Amount of such Transferred Receivable minus the sum of (A) Collections received in respect thereof and (B) the amount of any Dilution Factors taken into account in the calculation of the Sale Price therefor), the Administrative Agent on behalf of itself and the other Secured Parties shall release their liens on and security interests in the Transferred Receivables being so repurchased.
Repurchases of Transferred Receivables. (i) If any Seller is required to repurchase Transferred Receivables from the Borrower pursuant to the Receivables Sale Agreement, upon payment by the applicable Seller to a Collection Account of the applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Billed Amount of such Transferred Receivable minus the sum of Collections received in respect thereof), the Administrative Agent on behalf of the Secured Parties shall release the liens on and security interests in the Transferred Receivables being so repurchased.
Repurchases of Transferred Receivables. If Holding is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.4 the Sale Agreement, the Applicable Purchaser shall sell and reconvey its Purchaser Interests in such Transferred Receivables to the Seller either (i) through a transfer of such Purchaser Interests in exchange for Purchaser Interests in other Transferred Receivables with an Outstanding Balance equal to the Outstanding Balance of the Transferred Receivables being repurchased or (ii) if and to the extent a Purchase Excess exists, for cash in an amount equal to the Outstanding Balance of the Transferred Receivables being repurchased.
Repurchases of Transferred Receivables. If (i) the Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 3.2 of the Sale and Contribution Agreement, or (ii) in connection with a Distribution Center Consolidation of a BH2 Designated Distribution Center into an ARFC Designated Distribution Center, the Originator repurchases Transferred Receivables originated at such BH2 Designated Distribution Center, then in each case, the Applicable Purchaser shall sell and reconvey its Purchaser Interests in such Transferred Receivables to the Seller either (x) through the transfer of such Purchaser Interests in exchange for Purchaser Interests in other Transferred Receivables with an Outstanding Balance equal to the Outstanding Balance of the Transferred Receivables being repurchased or (y) for cash in an amount equal to the Outstanding Balance of the Transferred Receivables being repurchased. In connection with any reconveyance of Purchaser Interests by the Purchasers pursuant to a Distribution Center Consolidation described in clause (ii) above, the Seller, the Purchasers and Administrative Agent shall execute and deliver a Purchaser Interest Reconveyance Agreement with respect to the Purchaser Interests to be reconveyed.
Repurchases of Transferred Receivables. If any Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.05 of the Sale Agreement, each of the Purchasers shall sell and reconvey its Pro Rata Share of the Purchaser Interests in such Transferred Receivables to the Seller, if and to the extent a Purchase Excess exists or would exist pursuant to such sale and reconveyance, for cash in an amount equal to such Purchaser's Pro Rata Share of the Outstanding Balance of the Receivables being repurchased.
Repurchases of Transferred Receivables. If any Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.04 of the applicable Transfer Agreement, the Applicableeach Purchaser Agent or the Swing Line Purchaser, as the case may be, shall sell and reconvey such Transferred Receivables to the Seller (i) for cash in an amount equal to (1) so long as no Purchase Excess then exists or would exist following such payment, the sum of (x) the Outstanding Balance of such Transferred Receivables multiplied by the Purchase Discount Rate at the time such Transferred Receivables were created, plus (y) the aggregate amount of Daily Yield accrued on an amount of Aggregate Capital Investment equal to the amount set forth in the preceding clause (x) from the beginning of the current Settlement Period through the date of such payment, or (2) if a Purchase Excess then exists or would exist following such payment, the Outstanding Balance of such Transferred Receivables, or (ii) in exchange for new Eligible Receivables with an aggregate Outstanding Balance equal to the Outstanding Balance of such Transferred Receivables.
Repurchases of Transferred Receivables. If the CGS Originator is -------------------------------------- required to repurchase Transferred Receivables from the Seller pursuant to Section 4.04 of the CGS ------------ Transfer Agreement, the Purchaser shall, at the option of the Seller, either sell or reconvey such Transferred Receivables to the Seller (i) for cash or (ii) in exchange for new Eligible Receivables, in each case in an amount equal to the Outstanding Balance of such Transferred Receivables.
Repurchases of Transferred Receivables. If any Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.04 of the applicable Transfer Agreement, the Applicable Purchaser shall sell and reconvey such Transferred Receivables to the Seller (i) for cash in an amount equal to (1) so long as no Purchase Excess then exists or would exist following such payment, the sum of (x) the Outstanding Balance of such Transferred Receivables multiplied by the Purchase Discount Rate at the time such Transferred Receivables were created, plus (y) Daily Yield on an amount of Capital Investment equal to the amount set forth in the preceding clause (x) from the beginning of the current Settlement Period through the date of such payment, or (2) if a Purchase Excess then exists or would exist following such payment, the Outstanding Balance of such Transferred Receivables, or (ii) in exchange for new Eligible Receivables with an aggregate Outstanding Balance equal to the Outstanding Balance of such Transferred Receivables.
Repurchases of Transferred Receivables. If an Originator is required to repurchase Transferred Receivables from the Borrower pursuant to Section 4.04 of the Sale Agreement, upon payment by such Originator to a Collection Account of the applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Billed Amount of such Transferred Receivable minus the Collections received in respect thereof), the Administrative Agent on behalf of the Secured Parties shall release their liens on and security interests in the Transferred Receivables being so repurchased and shall, if requested by such Originator, and at the sole cost and expense of such Originator, at such time, take all reasonable steps to authorize and more fully evidence such release in all applicable jurisdictions.
