Common use of Repayment Clause in Contracts

Repayment. If the Servicer makes any payment under this Section 4.6 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 58 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding Corp), Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2022-A)

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Repayment. If the Servicer makes any a payment to an Indemnified Person under this Section 4.6 6.3 and the Indemnified Person later collects from others any of the amounts for which the payments were made to it from otherspayment was made, the Indemnified Person will promptly repay the those amounts to the Servicer.

Appears in 52 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2019-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2019-C)

Repayment. If the Servicer makes any a payment to an Indemnified Person under this Section 4.6 5.2 and the Indemnified Person later collects from others any of the amounts for which the payments were made to it from otherspayment was made, the Indemnified Person will promptly repay the those amounts to the Servicer.

Appears in 34 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2020-A), Servicing Agreement (Ford Credit Auto Lease Trust 2017-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-B)

Repayment. If the Servicer makes any payment under this Section 4.6 6.3 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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Repayment. If the Servicer makes any payment under this Section 4.6 4.06 and the Indemnified Person later collects any of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Servicer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

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