Repurchase Assets definition
Repurchase Assets has the meaning assigned thereto in Section 8 hereof.
Repurchase Assets has the meaning set forth in Section 4.02(c).
Repurchase Assets shall have the meaning specified in Section 6(a) hereof.
Examples of Repurchase Assets in a sentence
Seller also waives any defense (other than a defense of payment or performance) Seller might otherwise have arising from the use of nonjudicial process, enforcement and sale of all or any portion of the Repurchase Assets, or from any other election of remedies.
All authorizations and agencies herein contained with respect to the Repurchase Assets are irrevocable and powers coupled with an interest.
This Agreement shall for any reason cease to create a valid, first priority security interest in any material portion of the Repurchase Assets purported to be covered hereby.
If any notice of a proposed sale or other disposition of Repurchase Assets shall be required by law, such notice shall be deemed reasonable and proper if given at least ten (10) days before such sale or other disposition.
Seller is not selling and/or pledging any Repurchase Assets with any intent to hinder, delay or defraud any of its creditors.
More Definitions of Repurchase Assets
Repurchase Assets shall have the meaning provided in Section 8(a) of the Agreement.
Repurchase Assets shall have the meaning provided in Section 9(a)(i) hereof.
Repurchase Assets is defined in Section 9.
Repurchase Assets shall have the meaning specified in Article 6(a) of this Agreement.
Repurchase Assets shall have the meaning provided in Section 9(a)(i) hereof. “Repurchase Date” shall mean, with respect to each Purchased Asset, the earliest to occur of (a) the Termination Date, (b) the date of an Optional Repurchase pursuant to Section 3(e) hereof, (c) the date of a mandatory repurchase pursuant to Section 4 hereof, (d) the Accelerated Repurchase Date, (e) the date on which such Purchased Asset has been paid in full,
Repurchase Assets shall have the meaning specified in Section 6(a) hereof. “Repurchase Date” shall mean, with respect to any Purchased Asset, the date that is the earliest to occur of the following: (a) the Facility Termination Date, (b) one (1) Business Day after the occurrence of any Mandatory Repurchase Event or (c) if applicable, the related Early Repurchase Date or Accelerated Repurchase Date. “Repurchase Obligations” shall mean the Aggregate Repurchase Price and all other amounts due under the Transaction Documents (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) irrespective of whether such obligations are direct or indirect, absolute or contingent, matured or unmatured. “Repurchase Price” shall mean, with respect to any Purchased Asset, as of any date, the sum of (i) the price at which such Purchased Asset is to be transferred from Buyer to Seller upon termination of the related Transaction; in each case, such price shall equal the sum of the Purchase Price of such Purchased Asset and the accrued and unpaid Price Differential with respect to such Purchased Asset as of the date of such determination, minus all Income and other cash actually received by Buyer in respect of such Purchased Asset and applied towards the Repurchase Price and/or Price Differential pursuant to this Agreement and (ii) the Repurchase Price Additional Amount. As used herein “Repurchase Price Additional Amount” shall mean, with respect to anythe repurchase of the third to last Purchased Asset being repurchased, if such repurchase results in: that two (i2) five (5) or more Purchased Assets remainingwill remain subject to Transactions, an amount equal to $0.00;the greater of (iix) four (4) or three (3) Purchased Assets remaining subject to Transactions, an amount equal to the product of (a) tenfifteen percent (1015%) multiplied by (b) such Purchased Asset’s outstanding Purchase Price; and and (y) the product of (a) twenty-five percent (25%) multiplied by (b) Seller’s Principal Payment Share; provided, that any Repurchase Price Additional Amount paid by Seller to Buyer shall be applied by Buyer to reduce the Purchase Price of the remaining Purchased Assets on a pro rata basis. (iii) two (2) or one (1) Purchased Assets remaining subject to Transactions, an amount equal to the product of (a) twenty percent (20%) multiplied by (b) such Purchased Asset’s outstanding Purchase Price. “Requirement of Law” shall mean any law (inc...
Repurchase Assets has the meaning assigned thereto in Section 8 hereof; provided however, Repurchase Assets shall not include any portion of Seller’s web site (currently located at the URL ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇), Seller’s non-prime or sub-prime automated underwriting system, or any of the computer programs, software or documentation related to the foregoing, whether now existing or hereafter created, and Buyer acknowledges and agrees that it shall have no security interest therein.