Repurchase Obligation definition

Repurchase Obligation has the meaning set forth in Section 8.6.

Repurchase Obligation has the meaning specified in Section 10.2 hereof.

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.

Examples of Repurchase Obligation in a sentence

• 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.

• It is agreed by the parties that TPO's Repurchase Obligation with respect to a Loan shall not be obviated by the fact that the property securing the Loan has been foreclosed upon and said property has been acquired by UHMC or a third party, it being understood that TPO's Repurchase Obligation encompasses the repurchase of the property from UHMC if UHMC has acquired the property, or, if a third party has acquired the property, reimbursing UHMC as set forth herein.

• Upon the occurrence of any Repurchase Obligation (as defined below), TPO shall be obligated to repurchase the related Loan and indemnify UHMC for such related Loans(s) in accordance with the terms and conditions contained herein.

• Said payment by TPO to UHMC shall not relieve TPO of its Repurchase Obligation herein.

• In the event of an occurrence of any Repurchase Obligation, upon the request of UHMC, TPO hereby agrees to repurchase the related Loan (or, if the related Loan has been foreclosed, to repurchase the related property) within ten (10) days after UHMC's written request therefore for an amount equal to the Repurchase Price (as defined below).

More Definitions of Repurchase Obligation

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 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 has the meaning specified in Section 6.01(a).