Common use of Repayment Clause in Contracts

Repayment. If the Servicer makes any payment under this Section 4.6 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 58 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2023-C)

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Repayment. If the Servicer makes any a payment to an Indemnified Person under this Section 4.6 6.3 and the Indemnified Person later collects from others any of the amounts for which the payments were made to it from otherspayment was made, the Indemnified Person will promptly repay the those amounts to the Servicer.

Appears in 53 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C)

Repayment. If the Servicer makes any a payment to an Indemnified Person under this Section 4.6 5.2 and the Indemnified Person later collects from others any of the amounts for which the payments were made to it from otherspayment was made, the Indemnified Person will promptly repay the those amounts to the Servicer.

Appears in 34 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

Repayment. If the Servicer makes any payment under this Section 4.6 6.3 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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Repayment. If the Servicer makes any payment under this Section 4.6 4.06 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

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