Common use of Repurchases of Transferred Receivables Clause in Contracts

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 (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. (i) 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 Billed Amount of such Transferred Receivable)Receivable minus the Collections received in respect thereof, 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. If an the Originator is required (or permitted) to repurchase Transferred Receivables from the Borrower pursuant to Section 4.04 of the Sale and Contribution Agreement, upon payment by such from the 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)thereof, the Administrative Agent on behalf of and the Secured Parties Applicable Lenders shall release their liens on and security interests in the Transferred Receivables being so repurchased.

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 Dollar Equivalent of 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 (or permitted) to repurchase Transferred Receivables from the Borrower Seller pursuant to Section 4.04 of the Sale Agreement, upon payment by such Originator to the applicable Concentration a Lockbox Account of the applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Outstanding Balance Billed Amount of such Transferred Receivable)Receivable minus Collections received in respect thereof, the lien of the Administrative Agent Agent, on behalf of itself and the Secured Parties shall release their liens on other Specified Parties, as well as the Purchaser Interests and security any other related rights or interests in the Transferred Receivables being so repurchasedrepurchased shall automatically be released.