Common use of Repurchases of Transferred Receivables Clause in Contracts

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 Holding the Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.4 4.04 of 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 existsexists or would exist pursuant to such sale and reconveyance, for cash in an amount equal to the Outstanding Balance of the Transferred Receivables being repurchased.

Repurchases of Transferred Receivables. If Holding the Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.4 3.2 of the Sale and Contribution Agreement, the Applicable Purchaser shall sell and reconvey its Purchaser Interests in such Transferred Receivables to the Seller either (i) through a 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 (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 Holding any Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.4 SECTION 4.04 of 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 existsexists or would exist pursuant to such sale and reconveyance, for cash in an amount equal to the Outstanding Balance of the Transferred Receivables being repurchased.

Repurchases of Transferred Receivables. If Holding any Originator is required to repurchase Transferred Receivables from the Seller pursuant to Section 4.4 4.04 of the Sale and Contribution 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 existsexists or would exist pursuant to such sale and reconveyance, for cash in an amount equal to the Outstanding Balance of the Transferred Receivables being repurchased.