Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.04 and upon the request of the Depositor or any permitted assignee thereof under Section 10.05, the Seller shall pay, or cause to be paid, to the Depositor an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Seller originally paid in the Purchase Price for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by the Depositor or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Seller pursuant to this Agreement, the Depositor Eligible Lender Trustee shall transfer, without recourse, representation or warranty, to the Seller Eligible Lender Trustee, on behalf of Seller, all of the Depositor's and the Depositor Eligible Lender Trustee's right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.
Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.01 hereof and upon the request of Purchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to 101.5% of the then-outstanding principal balance of such Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Student Loan from the Scheduled Sale Date to and including the date of repurchase, plus any attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, the Trustee or the appropriate successors or assigns in connection with such Student Loans and arising out of the reasons for the repurchase. The repurchase obligation of Seller pursuant to this Section 5.02 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.01. With respect to any Student Loan repurchased by Seller pursuant to this Agreement, the Purchaser shall assign, without recourse, representation or warranty, to the Seller all of Purchaser's right, title and interest in and to such Student Loan, and all security and documents relating thereto.
Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof and upon the request of Purchaser or the Eligible Lender Trustee, Seller shall pay to the Eligible Lender Trustee, for the account of Purchaser, an amount equal to the then-outstanding principal balance of such Student Loan, plus any premium in excess of par paid with respect to such Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Student Loan from the Scheduled Sale Date to and including the date of repurchase, plus any attorneys’ fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, the Eligible Lender Trustee or the appropriate successors or assigns in connection with such Student Loans.
Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof with respect to a Student Loan and upon the request of Purchaser or Purchaser ELT, Seller shall pay to Purchaser ELT, for the account of Purchaser, an amount equal to the then-outstanding principal balance of such Student Loan, plus any premium in excess of par paid as part of the Purchase Price with respect to such Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Student Loan from the applicable Scheduled Sale Date to and including the date of repurchase, plus any attorneys’ fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, Purchaser ELT or the appropriate successors or assigns in connection with such Student Loans. Upon payment of such amount, Purchaser and Purchaser ELT shall take all necessary action to release and re-convey to Seller (and Seller ELT) all of their respective interests in such Student Loan free and clear of any lien or security interest created by Purchaser or Purchaser ELT.
Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof with respect to an Eligible Loan and upon the request of Purchaser or Purchaser ELT, Seller shall pay to Purchaser ELT, for the account of Purchaser, an aggregate amount equal to (a) the then-outstanding principal balance of such Eligible Loan, plus any premium in excess of par paid as part of the Purchase Price with respect to such Eligible Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Eligible Loan from the applicable Scheduled Sale Date to and including the date of repurchase, plus any attorneys’ fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, Purchaser ELT or the appropriate successors or assigns in connection with such Eligible Loans, plus (b) to the extent that such repurchase obligation arises as a result of the breach of the covenant set forth in Section 7.2(l) with respect to any Eligible Loan, and as a result thereof, any payments of principal, interest or Special Allowance Payments accrued after the related Scheduled Sale Date with respect to such Eligible Loan are not remitted to Purchaser, the aggregate amount of all such payments to the extent not previously remitted to Purchaser (such aggregate amount, the “Repurchase Price”). Upon payment of the Repurchase Price, Purchaser and Purchaser ELT shall take all necessary action to release and re-convey to Seller (and Seller ELT) all of their respective interests in such Eligible Loan free and clear of any lien or security interest created by Purchaser or Purchaser ELT.
Repurchase by Seller. At any time subsequent to the Closing Date, the Seller in its sole discretion may cancel the transfer of a Tax Lien or otherwise reverse the transfer thereof (a “repurchase”), provided the underlying tax claim has not been previously satisfied. Such repurchase may be made by Seller by paying Purchaser an amount determined in accordance with O.R.C. Section 5721.34.
Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof and upon the request of Purchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to 101% of the then-outstanding principal balance of such Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Student Loan from the Scheduled Sale Date to and including the date of repurchase, plus any loan fee paid by Purchaser pursuant to Section 2.4 hereof, attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, the Trustee or the appropriate successors or assigns in connection with such Student Loans.
Repurchase by Seller. (1) It is understood and contemplated that Seller may repurchase the Participation Interest in the Participated Loan sold by Seller to Buyer within a short period of time. Buyer agrees to resell its Participation Interest in the Participated Loan at any time requested by Seller for the Repurchase Price (as defined below). The repurchase price shall be for an amount equal to the amount paid by Buyer for the Participation Interest plus any payments of principal and interest on the Participated Loan not previously paid by Seller to Buyer, plus accrued and unpaid interest on the Participated Loan to the date of the repurchase by Seller of the Participation Interest to the extent of Buyer's Participation Interest in the Participated Loan (the "Repurchase Price"). If the Participated Loan is sold to investors, upon such sale and the receipt by Buyer of the portion of the Repurchase Price equal to the amount paid by Buyer for the Participation Interest (which may be paid to Buyer by Colonial Bank as the agent for Seller in the sale of the Participated Loan to investors), the Participation Interest shall be deemed repurchased by Seller from Buyer. If the repurchase of the Participation Interest is in connection with the sale of the Participated Loan by Seller to investors, the portion of the Repurchase Price equal to the amounts of any unpaid principal and interest on the Participated Loan and the amount of any accrued and unpaid interest on the Participated Loan shall be paid by Seller to Buyer at the end the month in which the Participation Interest is sold upon the billing of such amount by Buyer to Seller.
Repurchase by Seller. Upon any repurchase of the Series 1996-3 Notes by the Seller pursuant to the Agreement, the Seller shall pay, in addition to the amounts set forth in the Agreement, any accrued and unpaid costs hereunder.
Repurchase by Seller. (a) Seller hereby acknowledges and agrees that in the event of a material default by EJA in the performance of any of its substantive obligations under the Operative Documents or upon any breach of any material representations or warranties made by Seller hereunder which default shall continue for ten (10) days after receipt of written notice or in the event Buyer terminates the Management Agreement for any of the events specified in Section 16 of the Management Agreement which entitles Buyer to terminate the Management Agreement, then upon written notice, and provided no material default by Buyer has occurred and is continuing under any of the Operative Documents, Buyer shall have the right and the option to cause Seller to repurchase Buyer's Interest in the Aircraft for the then Fair Market Value of the Aircraft (determined by mutual agreement of Buyer and Seller, or absent such agreement, by an independent appraiser mutually agreed upon by the parties, or, absent such agreement, by a majority of three independent appraisers, one selected by the Buyer, one selected by the Seller, and the third selected by the other two) multiplied by the percentage equivalent of the Interest, utilizing the assumption, in calculating such repurchase price, that the Aircraft is in the condition required to be maintained under the Management Agreement, the engines on the Aircraft are mid-life (pre Hot Section inspections) and utilizing the actual number of hours on the airframe, and without regard to or consideration of any maintenance reserves established by EJA under the Management Agreement. Seller shall be entitled to deduct from the amount payable as the repurchase price all unpaid sums due under the Operative Documents, which sums if any, shall be retained by EJS if due EJS or remitted to the party to whom such sums are owing pursuant to the Operative Documents, and, in the event the repurchase price is insufficient to deduct therefrom all such sums due and owing, then Buyer shall remain liable to Seller for the payment of such sums to the extent of the deficiency. In the event Buyer notifies Seller of its desire to cause Seller to repurchase Buyer's Interest in the Aircraft as herein described, Seller shall have ninety (90) days after receipt of such notice to cause such repurchase to occur and Buyer agrees that upon any such repurchase Buyer will transfer to Seller good and marketable title to the Interest free and clear of any and all liens or encumbrances caused b...
