Repayment. If the Issuer makes a payment to an Indemnified Person under Section 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 for distribution according to the priority of payments under Section 8.2 on the related Payment Date.
Appears in 104 contracts
Sources: Indenture (Ford Credit Auto Owner Trust 2026-C), Indenture (Ford Credit Auto Lease Trust 2026-B), Indenture (Ford Credit Auto Lease Trust 2026-B)
Repayment. If the Issuer makes a payment to an Indemnified Person under Section 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 for distribution according to the priority of payments under Section 8.2 on the related Payment DateIssuer.
Appears in 32 contracts
Sources: Omnibus Amendment (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-C)
Repayment. If the Issuer makes a payment to an Indemnified Person under this Section 6.7(b) 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 for distribution according to the priority of payments under Section 8.2 on the related Payment DateIssuer.
Appears in 16 contracts
Sources: Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-B)
Repayment. If the Issuer makes a any payment to an Indemnified Person under Section 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 for distribution according to the priority of payments under Section 8.2 on the related Payment DateIssuer.
Appears in 4 contracts
Sources: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)