Common use of Repurchase Sole Remedy Clause in Contracts

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 30 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

AutoNDA by SimpleDocs

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s 's repurchase obligation under this Section 3.4.

Appears in 13 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-C)

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty the Sponsor’s representations and warranties made by the Sponsor in Section 3.3 is to require the Sponsor to repurchase the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-A)

AutoNDA by SimpleDocs

Repurchase Sole Remedy. The sole remedy for a breach of a representation or warranty the Sponsor’s representations and warranties made by the Sponsor in Section 3.3 is to require the Sponsor to Sponsor’s repurchase of the Receivable under this Section 3.4. The Depositor will enforce the Sponsor’s repurchase obligation under this Section 3.4.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

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