Repurchase Amounts to the extent Buyer has agreed to accept payment thereof by deduction from the Refund; (5) the Reserve for the Account Balance as of the first day of the following Reconciliation Period in the minimum percentage set forth in Section 2.4 hereof; and (6) all amounts due, including professional fees and expenses, as set forth in Section 12 for which oral or written demand has been made by Buyer to Seller during that Reconciliation Period to the extent Buyer has agreed to accept payment thereof by deduction from the Refund. In the event the formula set forth in this Section 3.5 results in an amount due to Buyer from Seller, Seller shall make such payment in the same manner as set forth in Section 4.3 hereof for repurchases. If the formula set forth in this Section 3.5 results in an amount due to Seller from Buyer, Buyer shall make such payment by check, subject to Buyer's rights under Section 4.3 and Buyer's rights of offset and recoupment.
Repurchase Amounts to the extent Buyer has agreed to accept payment thereof by deduction from the Refund;
Repurchase Amounts. 46 Section 5.05 Permitted Withdrawals from Collection Account..................46 Section 5.06 Distributions..................................................47 Section 5.07 Statements to Securityholders..................................50 Section 5.08 Subcertifications of Indenture Trustee in Connection with Sarbanes-Oxley Certifications..................................52
Repurchase Amounts. In the event the SPV at any time receives the payment in full of any Repurchase Price pursuant to Section 4.4 of the First Tier Agreement, the SPV shall immediately pay such amounts to the Master Servicer for application as a Collection in accordance with the terms and conditions hereof and, at all times prior to such payment, such amounts shall be held in trust by the SPV for the exclusive benefit of the Investors, the Managing Agents and the Agent.
Repurchase Amounts to the extent Buyer has agreed to accept payment thereof by deduction from the Refund; (5) the Reserve for the Account Balance as of the first day of the following Reconciliation Period in the minimum percentage set forth in Section 2.4 hereof; and
Repurchase Amounts. For so long as (i) HNB is the Servicer, (ii) HNB has the Minimum Required Rating, and (iii) no Event of Servicing Termination shall have occurred and be continuing, the Servicer shall be entitled, pursuant to the first sentence of Section 5.02, to deposit or cause to be deposited the aggregate Repurchase Amounts (x) paid to the Servicer by HNB pursuant to Section 3.03 or (y) owed by the Servicer pursuant to Sections 4.08, in the Collection Account on the related Remittance Date. If, however, (i) HNB no longer is the Servicer, (ii) HNB no longer has the Minimum Required Rating, or (iii) an Event of Servicing Termination shall have occurred and be continuing, the Servicer, in the case of a purchase by HNB pursuant to Section 3.03 or a purchase by the Servicer pursuant to Section 4.08, shall deposit or cause to be deposited in the Collection Account the aggregate Repurchase Amount pursuant to Sections 3.03 or 4.08 within two Business Days' of the purchase of the Repurchased Receivable (by HNB pursuant to Section 3.03 or by the Servicer pursuant to Section 4.08.
Repurchase Amounts. Any Repurchase Amounts allocated to the Class A Notes in accordance with clause (i) of the Priority of Payments will be applied on the relevant Quarterly Payment Date to prepay the Series 2016-1 Class A Notes (and, in the event more than one Tranche of Class A Notes is outstanding at the relevant time, to be allocated between the Tranches in accordance with the Tranche Percentage).
Repurchase Amounts. For so long as (i) HNB is the Servicer, (ii) HNB has the Minimum Required Rating, and (iii) no Event of Servicing Termination shall have occurred and be continuing, the Servicer shall be entitled, pursuant to the first sentence of Section 5.02, to deposit or cause to be deposited in the Collection Account on the related Remittance Date, (x) the aggregate Repurchase Amounts owed by the Servicer with respect to the related Collection Period pursuant to Section 4.08 and (y) any amounts remitted to the Servicer in respect of the Repurchase Price (as defined in the Purchase Agreement) during the related Collection Period. If, however, (i) HNB no longer is the Servicer, (ii) HNB no longer has the Minimum Required Rating, or (iii) an Event of Servicing Termination shall have occurred and be continuing, the Servicer shall deposit or cause to be deposited in the Collection Account (x) the aggregate Repurchase Amount pursuant to Section 4.08 within two Business Days' of the purchase of the Repurchased Receivable by the Servicer pursuant to Section 4.08 and (y) any amounts remitted to the Servicer in respect of the Repurchase Price (as defined in the Purchase Agreement) within two Business Days' of its receipt of such amounts.
Repurchase Amounts. (to the extent Purchaser has agreed to accept payment thereof by deduction from the Remittance); and 1.15.2.5 The Reserve based on the Account Balance as of the Settlement Date.
Repurchase Amounts. The Managers, in their sole discretion, will determine the number of Shares that the Fund will offer to repurchase (the "Tender Offer Amount") for a given Repurchase Request Deadline. However, the Tender Offer Amount will be at least 5% and no more than 25% of the total number of Shares outstanding on the Repurchase Request Deadline. Prior to the notification of the Repurchase Request Deadline, the Managers will determine in their sole discretion the percentage at which the Tender Offer Amount will be set. If the Feeder Funds tender more than the Tender Offer Amount for a given Tender Offer, the Fund may repurchase an additional amount of Shares up to 2% of the Shares outstanding on the Repurchase Request Deadline. If the Fund determines not to repurchase more than the Tender Offer Amount, or if the Fund determines to repurchase the additional 2% of the Shares outstanding, but the Feeder Funds tender Shares in an amount exceeding the Repurchase Offer Amount plus 2% of the Shares outstanding on the Repurchase Request Deadline, the Fund will repurchase the Shares on a pro rata basis. The Managers may, in their sole discretion, suspend, postpone or delay a Tender Offer, provided, however, that the Managers (i) may not suspend or postpone a Tender Offer without the approval of a majority of the Disinterested Managers; and (ii) may not delay a Tender Offer except as expressly permitted by Rule 23c-3 under the 1940 Act, and any successor provision.
