Common use of Reimbursement for Draws Clause in Contracts

Reimbursement for Draws. From and after the Closing Date, (i) the Purchaser will be obligated to fund all Draws as required under the terms of the agreements related to the Securitization Transactions included on Schedule 1.01(b), and (ii) the Seller will be obligated to reimburse the Purchaser for such Draws, in each case as set forth in the term sheet attached hereto as Exhibit C and the more detailed definitive documentation executed pursuant thereto. For the avoidance of doubt, the obligations, terms and commitments set forth in the term sheet attached hereto as Exhibit C are binding obligations of the parties hereto as if they were set forth in full herein, notwithstanding any delay in executing or failure to execute more detailed definitive documentation as contemplated therein.