SELLERS' OBLIGATION TO REPURCHASE Sample Clauses

SELLERS' OBLIGATION TO REPURCHASE. 17 2.6.5 STANDSTILL................................................18
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SELLERS' OBLIGATION TO REPURCHASE. The Seller shall repurchase all Repurchase Assets included in the Assets, subject to the following terms.
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SELLERS' OBLIGATION TO REPURCHASE. In the event Buyer elects not to exercise its second option provided for in Section 2.6.3 hereof, Buyer shall not exercise its right to purchase the Remaining Royalty Interests for 105% of the Highest Acceptable Offer pursuant to Section 9.03(e) of the Trust Agreement. After the sale by the Trust of the Remaining Royalty Interests to the third party submitting the Highest Acceptable Offer and upon receipt by the Company of the proceeds therefrom pursuant to the final Special Distribution (as defined in the Trust Agreement), Sellers shall repurchase from Buyer the New Mexico Properties and the South Texas Properties for the Repurchase Amount (as hereinafter defined). Such repurchase shall be effective as of the first day of the month following the month in which the Special Distribution occurs (the "Trigger Date"). Contemporaneously with the repurchase, the Contingent Consideration and the Retained Interest shall be terminated. As used herein, the term "
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SELLERS' OBLIGATION TO REPURCHASE. In the event Buyer elects not to exercise its second option provided for in Section 2.6.3 hereof, Buyer shall not exercise its right to purchase the Remaining Royalty Interests for 105% of the Highest Acceptable Offer pursuant to Section 9.03(e) of the Trust Agreement. After the sale by the Trust of the Remaining Royalty Interests to the third party submitting the Highest Acceptable
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SELLERS' OBLIGATION TO REPURCHASE. Upon the discovery by the Seller, the Administrative Agent or the Purchaser (and the giving of notice thereof to the Seller in the case of any such discovery by the Administrative Agent or the Purchaser) that any Purchased Receivable was not an Eligible Receivable on the Purchase Date or that any of the representations and warranties with respect to such Receivable set forth in Section 7.1 hereof was untrue with respect to such Receivable as of the Purchase Date, then unless such breach or other condition shall have been cured by the last day of any Settlement Period occurring after the discovery of such breach or other condition, the Seller shall repurchase such Receivable from the Purchaser on such last day for an amount equal to the Purchase Amount thereof, which amount shall be remitted on such date by the Seller to the Servicer to be applied as a Collection in accordance with Article V hereof.
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Related to SELLERS' OBLIGATION TO REPURCHASE

  • Conditions to The Buyer’s Obligation to Purchase The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • Conditions to The Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Purchaser’s sole benefit and may be waived by the Purchaser at any time in its sole discretion:

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • Seller's Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Conditions to Purchaser’s Obligation to Close The obligation of Purchaser to Close under this Agreement is subject to each of the following conditions (any one of which may, at the option of Purchaser, be waived in writing by Purchaser) existing on the date of this Agreement, or such earlier date as the context may require.

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE The obligation of Buyer hereunder to purchase the Notes at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions, provided that these conditions are for Buyer’s sole benefit and may be waived by Buyer at any time in its sole discretion by providing the Company with prior written notice thereof:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • CONDITIONS TO EACH BUYER’S OBLIGATION TO PURCHASE The obligation of each Buyer hereunder to purchase the Notes and Warrants at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for such Buyer's sole benefit and may be waived by such Buyer at any time in its sole discretion:

  • CONDITIONS TO EACH PURCHASER'S OBLIGATION TO PURCHASE 7.1 The obligation of each Purchaser hereunder to purchase the Common Shares and Warrants to be purchased by it on the date of the Closing is subject to the satisfaction of each of the following conditions, provided that these conditions are for each Purchaser’s sole benefit and may be waived by such Purchaser at any time in such Purchaser’s sole discretion:

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