Communications Regarding Demands to Purchase Receivables Clause Samples
The "Communications Regarding Demands to Purchase Receivables" clause defines the procedures and requirements for how parties must communicate when making or responding to demands to purchase receivables under an agreement. Typically, this clause specifies the acceptable methods of communication (such as written notice or electronic transmission), the information that must be included in such communications, and the parties authorized to send or receive these notices. By establishing clear guidelines for these communications, the clause helps prevent misunderstandings and disputes, ensuring that all parties are promptly and properly informed about demands to purchase receivables.
Communications Regarding Demands to Purchase Receivables. The Indenture Trustee agrees to cooperate in good faith with any reasonable request by the Depositor for information which is required in order to enable the Depositor to comply with the provisions of Items 1104(e) and 1121(c) of Regulation AB and Rule 15Ga-1 under the Exchange Act as it relates to the Indenture Trustee or to the Indenture Trustee’s obligations under this Indenture. The Indenture Trustee shall provide the Depositor with notification, as soon as practicable and in any event within five (5) Business Days, of (i) all demands communicated to the Indenture Trustee for the repurchase or replacement of any Receivable and (ii) all requests by Verified Note Owners to communicate with other Noteholders regarding the exercise of remedies pursuant to the Transaction Documents.
Communications Regarding Demands to Purchase Receivables. The Indenture Trustee agrees to cooperate in good faith with any reasonable request by the Depositor for information which is required in order to enable the Depositor to comply with the provisions of Items 1104(e) and 1121(c) of Regulation AB and Rule 15Ga-1 under the Exchange Act as it relates to the Indenture Trustee or to the Indenture Trustee’s obligations under this Agreement. The Indenture Trustee shall provide the Depositor with notification, as soon as practicable and in any event within five (5) Business Days, of all demands communicated to the Indenture Trustee for the repurchase or replacement of any Receivable.