Terms of Repurchase. So long as no breach of any of the Seller's representations or warranties set forth herein shall be in existence, and the Seller has otherwise complied with the terms and conditions hereof, the Seller may repurchase Mortgage Loans any time and from time to time by delivering to the Buyer a Seller's Repurchase Request at least one (1) Business Day before the requested repurchase date (in this Article called the "Repurchase Date"); provided that any such repurchase shall include Mortgage Loans having an aggregate Book Value of $25,000. Such repurchase shall be on a whole-loan, servicing-released basis without recourse, representation or warranty of the Buyer, at the Repurchase Price.
Terms of Repurchase. 20 Section 7.02
Terms of Repurchase. Contracts repurchased by Seller from Purchaser pursuant to Section 6.1 shall be repurchased in cash for an amount equal to the amount of the balance due and owing on such Contract at the time of the occurrence of the event creating the obligation to repurchase as if the Contract Obligor had prepaid the Contract payment obligation in full on that date (the netpayoff balance). Such repurchase shall be made within five (5) calendar days after oral or written notice of said repurchase obligation is given by Purchaser to Seller. Failure of Seller to repurchase any such Contract within said five (5) calendar day period shall constitute an Event of Default, as set forth in Section 14 of this Agreement. If such Event of Default occurs, in addition to the remedies set forth in Section 15 of this Agreement, Purchaser shall have as its option, but not as an obligation, the right to repossess the secured collateral, sell such collateral in a commercially reasonable manner in accordance with the Uniform Commercial Code, and apply the proceeds from such sale against the Seller's repurchase obligation. The Seller shall remain liable to Purchaser for any portion of its repurchase obligations not satisfied by such sale of the collateral. Contracts repurchased by Seller from Purchaser pursuant to this Section 6 are to be reassigned and sold back to Seller without recourse and/or without warranties of any kind or nature by Purchaser, except as to the amount that has been paid on the obligation by the Contract Obligor. In the event of any repurchase under this Section 6, the Seller shall protect, defend and indemnify Purchaser and hold Purchaser harmless from, against and for any claim, action, cause of action, judgment, award, settlement, cost or expense, including reasonable attorneys' fees, of every kind or nature, arising out of or connected with the transaction upon the occurrence of any one or more of the events described in Section 6.1
Terms of Repurchase. 2.1 As buyer, you agree to resell all cacao beans purchased back to Hacienda XxxxXxxxx LLC under the terms in this Repurchase Agreement.
Terms of Repurchase. Repurchases of Contract(s) by a Seller under the provisions of this Article VII shall be made by payment of the Repurchase Price for such Contract(s) to the Agent for the benefit of the Buyers. Each repurchase by a Seller from the Buyers under this Article VII shall be made in Immediately Available Funds and shall be without recourse, representation or warranty except as to the absence of encumbrances created by the Buyers. In the event a Seller is obligated to repurchase a Contract under the provisions of this Article VII, the Agent shall, at that Seller's expense and after payment of the full Repurchase Price therefor, take such action as that Seller may reasonably request in order to reassign to that Seller the Contract, all Related Security Documents and all Related Security for such Contract. Notwithstanding any other provision hereof, following the repurchase of a Contract by a Seller and payment of the full Repurchase Price therefor, the Agent and the Buyers shall have no further rights therein and all collections on such repurchased Contract shall be the sole property of that Seller.
Terms of Repurchase. (A) Within 90 days after termination of the contract the supplier shall repurchase from the dealer all inventory, previously purchased from the supplier, that remains unsold on the date the contract terminates.
Terms of Repurchase. If the City exercises its right to repurchase, the Purchaser shall tender a warranty deed free and clear of all liens and encumbrances except municipal and zoning ordinances, recorded easements for public utilities and covenants approved by the City, in exchange for a sum equal to the Purchaser’s purchase price for the Real Estate less any unpaid real estate taxes and special assessments, the proration for the current year’s real estate taxes, and the title insurance premium. Closing shall occur within sixty (60) days of delivery of the Notice of Exercise of Option.
Terms of Repurchase. Except where otherwise provided by the laws of the state where the Dealer is located, if the Company becomes obligated to repurchase Goods under Section 6, then the Company will buy and the Dealer will sell (or may sell subject to Subsection (c)) free and clear of all liens and encumbrances the following Goods, provided they were either originally purchased by the Dealer from the Company or purchased from other dealers with the written approval of the Company, and are listed in the Company's published price list for that category of Goods, in effect on the date of cancellation or termination of the Dealer's appointment.
Terms of Repurchase. Mortgage Company shall have the right to repurchase from Horizon Bank each and every Loan purchased from Mortgage Company by Horizon Bank pursuant to the terms of this Agreement on or before the sooner of either of the following deadlines (the "Repurchase Period"): 1) On or prior to the time the Loan is purchased in the Secondary Mortgage Market per the terms of the End Investor's commitment, or 2) no later than ninety (90) days following Horizon Bank's purchase of the Loan. Horizon Bank, at its sole discretion, may grant additional time to Mortgage Company to repurchase any Loan it previously sold to the bank. Mortgage Company agrees that any Loans it elects not to repurchase within the Repurchase Period shall be placed by Mortgage Company with an End Investor and the purchase to such End Investor shall be completed within the Repurchase Period. 3.01
Terms of Repurchase. (a) On the Change of Control Payment Date, the Company shall, to the extent lawful:
