Common use of Repurchase Limitations Clause in Contracts

Repurchase Limitations. The Seller and the Purchaser agree that, other than repurchases or substitutions effected pursuant to Section 6.01 or Section 6.02 (solely with respect to substitutions of Warranty Loan Assets), the Seller and any Affiliate of the Seller may, but is not obligated to, repurchase any Transferred Assets so long as the requirements set forth in Sections 2.07(b), 2.07(e) and 2.07(f) of the Loan and Servicing Agreement have been satisfied. Other than repurchases or substitutions effected pursuant to Section 6.01 or Section 6.02 (solely with respect to substitutions of Warranty Loan Assets), all transactions between the Purchaser and the Seller or any Affiliate must be conducted on an arm’s length basis and shall be on terms no less favorable to the Purchaser than would be the case if the Seller were not an Affiliate of the Purchaser.

Repurchase Limitations. The Seller and the Purchaser agree that, other than repurchases or substitutions effected pursuant to Section 6.01 or Section 6.02 (solely with respect to substitutions of Warranty Loan AssetsLoans), the Seller and any Affiliate of the Seller may, but is not obligated to, repurchase any Transferred Assets so long as the applicable requirements set forth in Sections 2.07(b), 2.07(e) and 2.07(f) Section 2.14 of the Loan and Servicing Security Agreement have been satisfied. Other than repurchases or substitutions effected pursuant to Section 6.01 or Section 6.02 (solely with respect to substitutions of Warranty Loan AssetsLoans), all transactions between the Purchaser and the Seller or any Affiliate must be conducted on an arm’s length basis and shall be on terms no less favorable to the Purchaser than would be the case if the Seller were not an Affiliate of the Purchaser.