Required Equity Requirements Sample Clauses

Required Equity Requirements. The Originator hereby agrees, upon receipt of a Required Equity Contribution Notice delivered pursuant to and in accordance with the terms of this Agreement, to deposit into the Excess Spread Account or to otherwise cure within two Business Days the related Required Equity Shortfall as provided in the Required Equity Contribution Notice after giving effect to any deposits to the Excess Spread Account made by the Seller pursuant to Section 6.4(g). The Originator further agrees to pay any and all reasonable expenses (including reasonable counsel fees and expenses) incurred by the Administrative Agent, the Purchaser Agents and the Secured Parties in enforcing any rights under this Section 2.21. In the event that the Originator shall fail to pay the Required Equity Shortfall when required to be paid pursuant to the terms hereof, the Originator shall indemnify and hold harmless the Administrative Agent, the Purchaser Agents and each Secured Party from and against any and all damages, losses, claims, liabilities and related costs and expenses, including attorney’s fees and disbursements awarded against or incurred by them or any of them as a result of such failure of the Originator. Notwithstanding anything herein to the contrary, the maximum amount of payments (other than indemnification ) made by the Originator pursuant to this Section 2.21 shall not exceed ten percent of the Aggregate Outstanding Asset Balance in the aggregate regardless of the number of such payments made hereunder.