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

  • Upon the latest to occur of (a) the repayment to Administrative Agent and Buyers of all Obligations hereunder, and (b) the occurrence of the Termination Date, Administrative Agent shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to the related Seller such documents or instruments as such Seller shall reasonably request to evidence such release.

  • Administrative Agent’s duty with respect to the custody, safekeeping and physical preservation of the Repurchase Assets in its possession, under Section 9‑207 of the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as Administrative Agent deals with similar property for its own account.

  • Except as contemplated herein, Sellers shall not pledge, grant a security interest or assign any existing or future rights to service any of the Repurchase Assets or pledge or grant to any other Person any security interest in the Note.

  • The Sellers are not selling and/or pledging any Repurchase Assets with any intent to hinder, delay or defraud any of its creditors.

  • Administrative Agent shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Repurchase Assets so sold, free of any right or equity of redemption in the Sellers, which right or equity is hereby waived or released.


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 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 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 provided in Section 8 hereof. “Repurchase Date” shall mean the date on which the Seller is to repurchase the Purchased Mortgage Loans subject to a Transaction from Buyer as specified in the related Confirmation, or if not so specified on a date requested pursuant to Section 3(d) or on the Termination Date, including any date determined by application of the provisions of Sections 3 or 14, or the date identified to Buyer by the Seller as the date that the related Mortgage Loan is to be sold pursuant to a Take-out Commitment.
Repurchase Assets. The Eligible Assets identified on a Repurchase Notification.