Common use of Repurchase of All Receivables Clause in Contracts

Repurchase of All Receivables. In the event that any of the representations or warranties set forth in Sections 4.1(a), 4.1(b), 4.1(c), 4.1(d) or 4.1(j) are breached and such breach results in a requirement that the Purchaser repurchase such Receivable under the Pooling and Servicing Agreement or a material amount of Receivables are deemed not to be Eligible Receivables, and such event has a materially adverse effect on the Purchaser or the Certificateholders, and the Transferor is required to accept reassignment of all Receivables at the order of the Trustee or the Certificateholders, then the Seller shall repurchase all Receivables on the terms and conditions set forth in Article VI hereof.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Saks Inc), Receivables Purchase Agreement (Saks Inc)

AutoNDA by SimpleDocs

Repurchase of All Receivables. In the event that any of the representations or warranties set forth in Sections 4.1(a), 4.1(b), 4.1(c), 4.1(d) or 4.1(j) are breached and such breach results in a requirement that the Purchaser repurchase such Receivable under the Pooling and Servicing Agreement or (iii) a material amount of Receivables are deemed not to be Eligible Receivables, and such event has a materially adverse effect on the Purchaser or the Certificateholders, and the Transferor is required to accept reassignment of all Receivables at the order of the Trustee or the Certificateholders, then the Seller shall repurchase all Receivables on the terms and conditions set forth in Article VI hereof.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Credit Card Master Trust)

Repurchase of All Receivables. In the event that any of ----------------------------- the representations or warranties set forth in Sections 4.1(a), 4.1(b), 4.1(c), 4.1(d) or 4.1(j) are breached and such breach results in a requirement that the Purchaser repurchase such Receivable under the Pooling and Servicing Agreement or a material amount of Receivables are deemed not to be Eligible Receivables, and such event has a materially adverse effect on the Purchaser or the Certificateholders, and the Transferor is required to accept reassignment of all Receivables at the order of the Trustee or the Certificateholders, then the Seller shall repurchase all Receivables on the terms and conditions set forth in Article VI hereof.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Credit Card Master Trust)

AutoNDA by SimpleDocs

Repurchase of All Receivables. In the event that ----------------------------- any of the representations or warranties set forth in Sections 4.1(a), 4.1(b), 4.1(c), 4.1(d) or 4.1(j) are breached and such breach results in a requirement that the Purchaser repurchase such Receivable under the Pooling and Servicing Agreement or a material amount of Receivables are deemed not to be Eligible Receivables, and such event has a materially adverse effect on the Purchaser or the Certificateholders, and the Transferor is required to accept reassignment of all Receivables at the order of the Trustee or the Certificateholders, then the Seller shall repurchase all Receivables on the terms and conditions set forth in Article VI hereof.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Credit Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.