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. 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. 2.1 As buyer, you agree to resell all cacao beans purchased back to Hacienda XxxxXxxxx LLC under the terms in this Repurchase Agreement.
2.2 The Repurchase price shall be seven thousand t w o hundred dollars (US $7,2000.00) per ton.
2.3 The repurchase term shall n o t be longer than fifty-three (53) weeks.
2.4 Notice of the Repurchase shall be made to you in not less than five (5) business days before the Repurchase date.
2.5 In the event that Hacienda XxxxXxxxx LLC does not complete the Repurchase Agreement at the end of the fifty-three week term, you are entitled to sell the beans to a third party at prevailing market conditions. Green Acres R&D Processors Cacao Exchange ("Green Acres") will broker the sale on a best-efforts basis. Unless barred by law, the seller and repurchaser can purchase the beans at that time as well, at a price that shall be no less than the Repurchase Price set in this Agreement.
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 a Mortgage Loan within ninety (90) days after the date on which such Mortgage Loan was purchased by the Buyer hereunder by delivering to the Buyer a Seller's Repurchase Request on or 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 at least $50,000. Such repurchase shall be on a whole-loan, servicing-released basis without recourse, representation or warranty of the Buyer, against payment of the Repurchase Price.
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.
(1) The supplier shall pay the dealer:
(I) 100 percent of the current net price of all new, unused, unsold, undamaged, and complete farm, construction, utility, and industrial equipment, implements, machinery, outdoor power equipment, and attachments;
(II) 90 percent of the current net price of all new, unused, and undamaged repair parts and superseded parts;
(III) 75 percent of the net cost of all specialized repair tools purchased in the pre- vious 3 years and 50 percent of the net cost of all specialized repair tools purchased in the previous 4 through 6 years in accordance with the requirements of the supplier and held by the dealer on the date of termination, if the specialized repair tools are unique to the supplier’s product line and are in complete and resalable condition;
(IV) The agreed depreciated value of farm implements, machinery, utility and industrial equipment, and outdoor power equipment used in demonstrations, including equipment leased primarily for demonstration or lease; and
(V) At its amortized value, the price of any specific data processing hardware and software and telecommunications equipment that the supplier required the dealer to purchase within the past 5 years.
(2) (I) The supplier shall pay:
1. The cost of shipping the inventory from the dealer’s location; and
2. The dealer 10 percent of the current net price of all new, unused, and undamaged repair parts returned to cover the cost of handling, packing, and loading.
Terms of Repurchase. Section 7.02 Repurchase Procedures...
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. 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 which is in effect on the date of termination of the Dealer's appointment: TERMS OF APPOINTMENT/4
(a) All current complete machines and attachments in the Dealer's possession unsold (which description excludes all JDM products and all items listed in the Xxxx Deere Parts Price List published by the Company) which are new, unused, complete and in good condition. The prices to be paid for such items will be the invoice prices (but not more than current dealer prices), plus freight from the factory to the Dealer's location, less any discounts from invoice price which have been allowed and less the reduction in value, if any, resulting from deterioration.
(b) All current parts in the Dealer's possession unsold which are new, unused, in good condition and are resalable as new parts without repackaging or reconditioning. The prices to be paid for such items will be the Company's current wholesale price, as listed in the Xxxx Deere Parts Price List, less a discount of:
(i) 15% on items listed as returnable under the Company's parts return policy, and (ii) 50% on all other items.
(c) Such current JDM products in the Dealer's possession unsold which the Dealer may elect to sell to the Company and which are new, unused, in good condition and are resalable as new products without repackaging or reconditioning. The Company shall have no obligation to repurchase such products unless the Dealer furnishes the Company with a list of the products which he wishes to sell to the Company within thirty (30) days after the date of termination of his appointment. The price to be paid for such products will be the current wholesale price listed in the JDM Price List less a discount of:
(i) 50% on products identified by an asterisk; (ii) 15% on items listed as returnable under the Company's parts return policy; and (iii) 25% on all other JDM products. At the written request of the Company, the Dealer will list, tag, pack, load and transport all repurchased Goods to the nearest location regularly maintained by the Company for th...
