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. (a) On the Change of Control Payment Date, the Company shall, to the extent lawful:
Terms of Repurchase. (a) The purchase price to be paid by the Vendor if it exercises the Option (the “Option Price”) shall be 50% of the purchase price for any unused lands.
(b) The total unused lands shall be calculated based upon the following equation: Unused Area = (10,000 minus the total of the Phase 1 Gross Leasable Area) divided by 10,000 multiplied by the total lot area multiplied by the Total Acreage (rounded to two decimal places). As an example, if the Buyer develops 5,000 Square Feet of Gross Leasable Area in the first phase the unused area equals = (10,000-5,000) / 10,000 = .50 X 3.517 Acres = 1.76 Acres of unused area.
11.2. The Owner shall be responsible for payment of any land transfer tax, legal fees, disbursements and applicable taxes associated with the Option.
11.3. The purchase transaction shall close on the business day five (5) days following the date the Vendor delivers notice exercising the Option (the “Closing Date”), or such later date in the sole discretion of the Vendor.
11.4. The Vendor shall have the right, subsequent to delivery of notice exercising the Option, to enter onto the Lands, by itself or by its agents or contractors, to conduct such inspections of the Lands as the Vendor may, at its cost, determine necessary or prudent and, if dissatisfied with the results of such inspections, the Vendor shall have the right to not proceed with the repurchase of the Lands, provided that the Vendor restores the Lands to the condition they were in prior to the Vendor’s inspection. The Vendor shall indemnify the Owner for any losses, claims or damages arising solely from the Vendor’s access to and inspections of the Lands by the Vendor and its employees, agents, consultants or other persons for whom it may be responsible.
11.5. The Owner shall indemnify and save harmless the Vendor from any and all claims of every nature and kind which may be made against the Vendor, whether for damages or otherwise, as a result of the Lands containing, as at the Closing Date, any contaminant or pollutant within the meaning of the Environmental Protection Act, RSO 1990, c E.19, or any other substances which may be considered hazardous or dangerous to the health of persons or to the environment under any other legislation of the Province of Ontario or Canada applicable therein, save and except for any claims resulting from the negligence or wilful act of the Vendor. Without limiting the obligation of the Owner aforesaid, such obligation to indemnify shall exist with respe...
Terms of Repurchase. ...............................................................20 Section 7.02 Repurchase Procedures.................................................................20 Section 7.03 Shipment of Mortgage Documents........................................................21
Terms of Repurchase. 3.1. The purchase price to be paid by the Vendor if it exercises the Option (the “Option Price”) shall be 80% of the Purchase Price.
3.2. The Owner shall be responsible for payment of any Land transfer tax, legal fees, disbursements and applicable taxes associated with the Option
3.3. The purchase transaction shall close on the business day five (5) days following the date the Vendor delivers notice exercising the Option (the “Closing Date”), or such later date in the sole discretion of the Vendor.
3.4. The Vendor shall have the right, subsequent to delivery of notice exercising the Option, to enter onto the Lands, by itself or by its agents or contractors, to conduct such inspections of the Lands as the Vendor may, at its cost, determine necessary or prudent and, if dissatisfied with the results of such inspections, the Vendor shall have the right to not proceed with the repurchase of the Lands, provided that the Vendor restores the Lands to the condition they were in prior to the Vendor’s inspection. The Vendor shall indemnify the Owner for any losses, claims or damages arising solely from the Vendor’s access to and inspections of the Lands by the Vendor and its employees, agents, consultants or other persons for whom it may be responsible.
3.5. The Owner shall indemnify and save harmless the Vendor from any and all claims of every nature and kind which may be made against the Vendor, whether for damages or otherwise, as a result of the Lands containing, as at the Closing Date, any contaminant or pollutant within the meaning of the Environmental Protection Act, RSO 1990, c E.19, or any other substances which may be considered hazardous or dangerous to the health of persons or to the environment under any other legislation of the Province of Ontario or Canada applicable therein, save and except for any claims resulting from the negligence or wilful act of the Vendor. Without limiting the obligation of the Owner aforesaid, such obligation to indemnify shall exist with respect to claims against the Vendor for damages to persons or property or for the costs of complying with any orders for clean-up of the Lands which may be issued under any legislation or by any Court of competent jurisdiction in respect of any contamination existing at the Closing Date. This obligation of the Owner to indemnify the Vendor shall not merge upon the closing of this transaction and shall survive the Closing Date.
3.6. The Vendor shall take title to the Lands, or portion thereof...
