Seller Loss Limit. The Seller’s obligation to provide a Remedy hereunder in respect of Defective Assets shall cease at such time as the aggregate payments made by the Seller (including payments made by the Seller to third parties to cure Defects) under this Article VIII (including purchase price adjustments) equals or exceeds the aggregate purchase price of the Assets (after taking into account any adjustment in the purchase price due to prorations or set-off amounts) (the “Loss Limit”), and the Seller shall have no liability for the cost of any Remedy to the extent such cost exceeds the Loss Limit. Notwithstanding the foregoing, if the Seller has confirmed to a Reimbursed Party that it will reimburse the Reimbursed Party for Losses incurred with respect to a Third Party Claim, then the Seller will reimburse all such Losses, regardless of the Loss Limit.
Appears in 4 contracts
Samples: Servicing Business Asset Purchase Agreement, Servicing Business Asset Purchase Agreement, Servicing Business Asset Purchase Agreement
