Common use of Repurchase by Seller Clause in Contracts

Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof and upon the request of Purchaser, Seller shall pay to Purchaser, an amount equal to ______% 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 attorney's fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser 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 5.2 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.1. 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 PurchaserPurchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to ______101.85% of the then- 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 attorney's attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser 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 5.2 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.1. 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 5.01 hereof and upon the request of PurchaserPurchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to ______101.5% of the then- 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 attorney's attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser 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 5.2 5.02 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.15.01. 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 PurchaserPurchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to ______101.40% of the then- 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 attorney's attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser 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 5.2 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.1. 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 PurchaserPurchaser or the Trustee, Seller shall pay to the Trustee, for the account of Purchaser, an amount equal to _______________________________% of the then- 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 attorney's attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser 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 5.2 shall constitute the sole remedy to the Purchaser against the Seller with respect to any event described in Section 5.1. 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.