Seller's Obligation in Respect Sample Clauses

Seller's Obligation in Respect of Non-Performing Leases. ------------------------------------------------------- In the event that any Lease shall become a Non-Performing Lease, and the Originator shall not have substituted one or more Substitute Leases therefor in accordance with the provisions of Section 11, the Seller shall pay to the Issuer in the manner provided in the next sentence an amount equal to the lesser of (i) the amount of all recoveries by the Seller in respect of the sale, re-lease or other disposition of any item of Equipment subject to such Non-Performing Lease and (ii) the Discounted Present Value of such Non-Performing Lease (the "Recourse Amount"). The amount of any such recoveries, up to the Recourse Amount, shall be deposited into the Collection Account within two Business Days of the receipt thereof by the Seller or the Servicer. The Seller's obligations under this Section 5.05 are secured by a security interest from the Seller to the Issuer in all right, title and interest of the Seller in and to the Equipment subject to the Leases (whether or not constituting Non-Performing Leases).
Sample 1
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Related to Seller's Obligation in Respect

  • Seller's Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Seller’s Obligations At Closing, Seller shall deliver or cause to be delivered to Buyer the following:

  • Seller’s Obligations at Closing At Closing, Seller shall:

  • Seller’s Obligations at the Closing At the Closing, Seller shall deliver to Purchaser the following:

  • Purchaser’s Obligations at Closing At Closing, Purchaser shall:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to the Seller’s Obligations The obligations of the Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing (and shall remain satisfied at and as of the Closing) of the following additional conditions, any of which may be waived by the Seller in its sole discretion, in whole or in part:

  • Buyer’s Obligations At Closing, Buyer shall deliver or cause to be delivered to Seller the following:

  • Purchaser’s Obligations At the Closing, Purchaser shall deliver to Seller the following:

  • Conditions to the Purchasers’ Obligation The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by them at Closing and to effect the Disbursement is subject to delivery by or at the direction of the Company to such Purchaser (or, with respect to the Indenture, the Trustee) each of the following (or written waiver by such Purchaser prior to the Closing of such delivery):

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