REPURCHASE EVENTS definition

REPURCHASE EVENTS. The occurrence of a breach of any of AFL's, the Seller's or the Servicer's representations and warranties in this Agreement or in the Purchase Agreement or in any Subsequent Purchase Agreement which requires the repurchase of a Receivable by AFL or the Seller pursuant to Section 2.6 or by the Servicer pursuant to Section 3.7.
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REPURCHASE EVENTS has the meaning specified in Section 11.1(b).
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REPURCHASE EVENTS. The occurrence of a breach of any of the Seller's or the Servicer's representations and warranties in this Agreement which requires the repurchase of a Receivable by the Seller or the Servicer pursuant hereto.
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Examples of REPURCHASE EVENTS in a sentence

  • The Originator hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Indenture Trustee, the Noteholders, the Trustee and the Certificateholders that the occurrence of a breach of any of the Originator's representations and warranties contained in Section 3.2(b), shall constitute events obligating the Originator to repurchase any Receivable materially and adversely affected by any such breach ("REPURCHASE EVENTS") at the Purchase Amount from the Purchaser or from the Trust.

  • NH Credit hereby covenants and agrees with CNHCR for the benefit of CNHCR, the Indenture Trustee, the Noteholders, the Trust, the Trustee and the Certificateholders that the occurrence of a breach of any of NH Credit's representations and warranties contained in SECTION 3.2(b), shall constitute events obligating NH Credit to repurchase any NH Receivable materially and adversely affected by any such breach ("REPURCHASE EVENTS") at the Purchase Amount from CNHCR or from the Trust.


More Definitions of REPURCHASE EVENTS

REPURCHASE EVENTS has the meaning set forth in Section 5(b) hereof.
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REPURCHASE EVENTS has the meaning provided in Section 5.01(b) hereof.
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REPURCHASE EVENTS. The occurrence of a breach of any of AFS', the Seller's or the Servicer's representations and warranties in this Agreement or in the Purchase Agreement which requires the repurchase of a Receivable by AFS or the Seller pursuant to Section 2.5 or by the Servicer pursuant to Section 3.7.
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REPURCHASE EVENTS. The occurrence of a breach of any of [____________]'s representations or warranties in the Unaffiliated Seller's Agreement and the Receivables Purchase Agreement or the Servicer's representations and warranties in this Agreement which requires the repurchase of a Receivable by [____________] or the Servicer.
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Related to REPURCHASE EVENTS

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Purchase Event means any of the following events:

  • Mandatory Purchase Event means, (i) in connection with the termination of the VRDP Shares Purchase Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement then in effect, and (b) the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement, or (ii) in connection with the termination of the VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Fundamental Change Repurchase Date shall have the meaning specified in Section 15.02(a).

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Change of Control Put Date shall have the meaning specified in Section 11.1.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Repurchase Date has the meaning specified in Section 14.1.

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Repurchase Price means, with respect to any Loan, first taking the Book Value of the Asset at Bank Closing and either subtracting the Asset discount or adding the Asset premium, and subsequently adjusting that total by (i) adding any advances and interest on such Loan after Bank Closing, (ii) subtracting the total amount received by the Assuming Institution for such Loan after Bank Closing, regardless of how applied, and (iii) adding total disbursements of principal made by Receiver not otherwise included in the Book Value.

  • Fundamental Change Purchase Notice has the meaning specified in Section 3.02(a)(1) hereof.

  • Triggering Events means Triggering Event I, Triggering Event II and Triggering Event III, collectively.

  • Fundamental Change Purchase Date has the meaning specified in Section 3.01(a).

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Accelerated Repurchase Date shall have the meaning specified in Section 14(b)(i) of this Agreement.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Fundamental Change Purchase Price has the meaning specified in Section 3.01(a).