Reallocation Amount definition
Examples of Reallocation Amount in a sentence
Upon payment of such Reallocation Amount by the Seller, the Buyer (or its assignee) shall release and shall execute and deliver such instruments of release, transfer, reallocation or assignment, in each case without recourse or representation, as may be reasonably requested by the Seller to evidence such release, transfer, reallocation or assignment.
In consideration for such reallocation, the Seller shall make (or shall cause to be made) a payment to the Buyer (or its assignee) equal to the Reallocation Amount by depositing such amount into the Collection Account prior to noon, New York City time, on such date of reallocation (or, if the Seller elects, an earlier date).
It is understood and agreed that the obligation of the Seller to reallocate any Transaction Unit and pay the related Reallocation Amount as described above shall constitute the sole remedy with respect to such breach available to the Buyer (or its assignee).
In consideration for such reallocation, the Servicer shall make a payment to the Issuer equal to the Reallocation Amount by depositing such amount into the Collection Account prior to [noon, New York City time], on such Payment Date.
Any such reallocation by the Seller shall be at a price equal to the related Reallocation Amount.