Common use of Repayment Clause in Contracts

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicable.

Appears in 84 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2017-B), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2023-A), Asset Representations Review Agreement (Ford Credit Auto Lease Two LLC)

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Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or for distribution according to the Administrator, as applicablepriority of payments under Section 8.2 on the related Payment Date.

Appears in 72 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2019-B), Indenture (Ford Credit Auto Owner Trust 2018-A), Indenture (Ford Credit Auto Owner Trust 2023-C)

Repayment. If the Issuer Issuing Entity or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.05 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer Issuing Entity or the Administrator, as applicable.

Appears in 43 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2018-B), Asset Representations Review Agreement (CNH Equipment Trust 2021-C), Asset Representations Review Agreement (CNH Equipment Trust 2021-B)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 32 contracts

Samples: Indenture (Verizon Owner Trust 2019-B), Indenture (Ford Credit Auto Owner Trust 2016-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 7.2 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 16 contracts

Samples: Trust Agreement (Verizon Owner Trust 2019-A), Trust Agreement (Verizon Owner Trust 2020-B), Trust Agreement (Verizon Owner Trust 2020-A)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.06 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 12 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-A), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 11 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (California Republic Funding LLC)

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Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

Repayment. If the Issuer or the Administrator Manager makes a any payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the AdministratorManager, as applicable.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD), Form of Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Verizon Owner Trust 2020-B), Review Agreement (Verizon ABS LLC)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.05 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 1 contract

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC)

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