Common use of Repurchase Amounts Clause in Contracts

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. 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 Flow 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 Flow Purchase Agreement) within two Business Days' of its receipt of such amounts.