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 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. For so long as (i) HNB is the Servicer, (ii) HNB has the Minimum Required Rating, and (iii) no Servicer Termination 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 4.084.08 and 9.01, 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 a Servicer Termination Event of Servicing Termination shall have occurred and be continuing, the Servicer, (A) 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 (2) 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) and (B) in the case of Section 9.01, shall deposit or cause to be deposited in the Collection Account such amount on the date of such purchase.