Common use of Repayment Clause in Contracts

Repayment. If the Issuer or the Servicer makes any payment under this Section 4.05 and the Indemnified Parties later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amount to the Issuer or the Servicer, as applicable.

Appears in 73 contracts

Samples: Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (Carmax Auto Funding LLC)

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Repayment. If the Issuer Issuer, the Servicer or the Servicer Administrator makes any payment under this Section 4.05 4.6 and the Indemnified Parties Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amount amounts to the Issuer Issuer, the Servicer or the ServicerAdministrator, as applicable.

Appears in 67 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2021-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2018-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2021-a Owner Trust)

Repayment. If the Issuer or the Servicer makes any payment under this Section 4.05 4.5 and the Indemnified Parties Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amount amounts to the Issuer or the Servicer, as applicable.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2022-4), Review Agreement (Exeter Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2022-1)

Repayment. If the Issuer Issuing Entity or the Servicer makes any payment under this Section 4.05 and the Indemnified Parties later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amount to the Issuer Issuing Entity or the Servicer, as applicable.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (World Omni LT), Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A), Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A)

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Repayment. If the Issuer Trustee, the Servicer or the Servicer Manager makes any payment under this Section 4.05 4.6 and the Indemnified Parties Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amount amounts to the Issuer Trustee, the Servicer or the ServicerManager, as applicable.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust), Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust)

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