Repurchase Obligation definition

Repurchase Obligation has the meaning set forth in Section 8.6.

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Repurchase Obligation means two simultaneous transactions, one the purchase of securities by the Authority from an Eligible Institution, the other the commitment on the Eligible Institution’s part to repurchase the securities at an agreed price at some mutually agreed upon future date.

Repurchase Obligation has the meaning specified in Section 10.2 hereof.

Examples of Repurchase Obligation in a sentence

• Notwithstanding any other provision of this Agreement, at the Closing related to a Repurchase Obligation, the Partnership and each Partner electing to purchase Repurchase Interests shall pay to the Former Partner, in addition to the Purchase Price, pro-rated interest, calculated from the date of the Withdrawal Event up to the date of the Closing, at an annual rate equal to the annual short-term applicable federal rate in effect at the date of the Withdrawal Event as provided under Section 7872 of the Code.

• In order to purchase Repurchase Interests pursuant to the Repurchase Obligation, such Family Group member or Family Holder must be an Authorized Transferee of the Former Partner.

• No Default or Event of Default shall be cured by the payment or performance of any Repurchase Obligation by Buyer on behalf of Seller.

• At UHMC' s sole option and in lieu of repurchasing the related Loan subject to a Repurchase Obligation, UHMC may require the TPO to enter into a written indemnification agreement in a form acceptable to UHMC (the "Indemnification Agreement") which requires the TPO to indemnify UHMC, including, without limitation, reimbursing UHMC for any losses incurred by UHMC as a result of such Repurchase Obligation with respect to the related Loan.

• No Default or Event of Default shall be cured by the payment or performance of any Repurchase Obligation by ▇▇▇▇▇ on behalf of Seller.

More Definitions of Repurchase Obligation

Repurchase Obligation. The obligation of the Contract Seller, set forth in --------------------- Section 3.05, to repurchase the related Contracts as to which there exists an uncured breach of a representation or warranty contained in Sections 3.02 or 3.03.

Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Transaction to repurchase such Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

Repurchase Obligation means any obligation of a seller of receivables in a Permitted Securitization Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

Repurchase Obligation. The obligation of the Company, set forth in Section 3.05, to repurchase the related Contracts as to which there exists an uncured breach of a representation or warranty contained in Section 3.02 or 3.03.

Repurchase Obligation. The obligation of Vanderbilt, set forth in Section 3.05, to repurchase the related Contracts as to which there exists an uncured breach of a representation or warranty contained in Section 3.02 or 3.03.

Repurchase Obligation as defined in subsection 2.10(b).

Repurchase Obligation means any obligation of the Borrower set forth in its Organizational Documents to repurchase general partner, limited partner and subordinated limited partner interests in the ordinary course of its business.