Title Defaults; Repurchase Obligation. If a Title Default shall have occurred and be continuing with respect to any Purchased Lease, Buyer may advise Seller of such default and request that the related title deficiency be cured. If Seller does not cure such title deficiency to the reasonable satisfaction of Buyer within thirty (30) days after such request, Seller shall, at the request of Buyer, repurchase such Purchased Lease and all other related Purchased Assets for an amount equal to the Investment Balance of such Purchased Lease (such Investment Balance to be calculated as of the date of such repurchase).
Appears in 5 contracts
Samples: Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/)
