Mandatory Early Repurchase Date definition

Mandatory Early Repurchase Date shall have the meaning specified in Section 3(l).
Mandatory Early Repurchase Date. Seller shall make a payment to Buyer of all of Seller’s available cash on hand, up to a maximum payment amount equal to the total amount required to complete the repurchase of the applicable Purchased Asset, provided that, if Seller does not have sufficient available cash on hand to complete the repurchase of the applicable Purchased Asset as required hereunder, then Seller shall: (1) make a payment to Buyer of all available cash on hand, (2) on or before the Mandatory Early Repurchase Date, communicate to Buyer Seller’s plan for funding the balance required to complete the repurchase of the applicable Purchased Asset, which plan shall be subject to Buyer’s approval in its sole discretion, and (3) provided that Buyer has approved of Seller’s plan for funding the balance, fund the balance on or before the date that is three (3) Business Days after the Mandatory Early Repurchase Date.
Mandatory Early Repurchase Date that is two (2) Business Days after the earlier of Seller’s receipt of notice from Buyer or Seller’s Knowledge of the occurrence thereof.

Examples of Mandatory Early Repurchase Date in a sentence

  • In the event of the occurrence of an Enforcement Event, in lieu of the delivery of the Repurchase Price by Seller on the Mandatory Early Repurchase Date, Seller shall be obliged to pay to Buyer an amount equal to the Repurchase Price as of the Mandatory Early Repurchase Date minus the value (positive or negative) of any agreement entered into by Buyer for the purpose of hedging its interest rate exposure resulting from its entry into each Transaction hereunder (the "Hedge Value").

  • Reconstruct and widen the intersection of Florin Road and Excelsior Road to a 4-way 4X2 signalized intersection.

  • Buyer shall promptly notify Seller of the occurrence of an Enforcement Event and of the resulting Mandatory Early Repurchase Date, which notice shall state that on the Mandatory Early Repurchase Date all Transactions will be terminated in their entirety and the amount of the Repurchase Price and Hedge Value as of the Mandatory Early Repurchase Date.

  • Gross margin for the three and twelve-month periods ended December 31, 2005, when compared to the same periods of 2004, decreased by $37 million and $136 million, respectively.

  • Evaluating participation and bidding behavior through the lens of a competitive model makes sense only if collusion does not appear to be a factor.

  • Buyer shall promptly notify Seller of the occurrence of an Enforcement Event and of the resulting Mandatory Early Repurchase Date, which notice shall state that on the Mandatory Early Repurchase Date all Transactions will be terminated in their entirety and shall specify the aggregate amount of the Mandatory Early Repurchase Amounts for all Transactions as of the Mandatory Early Repurchase Date.

  • In no event shall the occurrence of an Enforcement Event and the related Mandatory Early Repurchase Date be deemed to be an Event of Default hereunder.


More Definitions of Mandatory Early Repurchase Date

Mandatory Early Repurchase Date shall have the meaning specified in Section 14.

Related to Mandatory Early Repurchase Date