Repurchase Assets definition

Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

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Repurchase Assets has the meaning set forth in Section 4.02(c).

Repurchase Assets shall have the meaning specified in Section 6(a) hereof.

Examples of Repurchase Assets in a sentence

On each Purchase Date thereof set forth in the related Confirmation, each Seller hereby sells, assigns and conveys all rights and interests in the Purchased Assets on a servicing released basis identified on the related Purchased Asset Schedule and the related Repurchase Assets to Administrative Agent for the benefit of Buyers.
Furthermore, to the extent that the Administrative Agent exercises remedies pursuant to this Agreement, any of the Administrative Agent and/or any Buyer will have the right to bid on and/or purchase any of the Repurchase Assets pursuant to Section 16 (Remedies Upon Default).
Pursuant to Section 22 (Non assignability) of this Agreement, Administrative Agent and Buyers may sell, transfer and convey or allocate certain Purchased Assets and the related Repurchase Assets and related Transactions to certain Affiliates of Administrative Agent and/or Buyers (the “Additional Buyers”) and such Additional Buyers may be joined hereto and to the other Program Agreements without the consent of the Seller Parties.
Each Seller Party hereby authorizes Administrative Agent to file such financing statement or statements relating to the Repurchase Assets without any Seller Party’s signature thereon as Administrative Agent, at its option, may deem appropriate.
Notwithstanding that multiple Buyers may purchase individual Mortgage Loans subject to Transactions entered into under this Agreement, all Transactions shall continue to be deemed a single Transaction and all of the Repurchase Assets shall be security for all of the Obligations hereunder, subject to the priority of payments provisions set forth in the Administration Agreement.

More Definitions of Repurchase Assets

Repurchase Assets shall have the meaning provided in Section 8(a) of the Agreement.

Repurchase Assets shall have the meaning provided in Section 9(a)(i) hereof.

Repurchase Assets is defined in Section 9.

Repurchase Assets shall have the meaning specified in Article 6(a) of this Agreement.

Repurchase Assets shall have the meaning specified in Section 6(a) hereof. “Repurchase Date” shall mean, with respect to any Purchased Asset, the date that is the earliest to occur of the following: (a) the Facility Termination Date, (b) one (1) Business Day after the occurrence of any Mandatory Repurchase Event or (c) if applicable, the related Early Repurchase Date or Accelerated Repurchase Date. “Repurchase Obligations” shall mean the Aggregate Repurchase Price and all other amounts due under the Transaction Documents (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) irrespective of whether such obligations are direct or indirect, absolute or contingent, matured or unmatured. “Repurchase Price” shall mean, with respect to any Purchased Asset, as of any date, the sum of (i) the price at which such Purchased Asset is to be transferred from Buyer to Seller upon termination of the related Transaction; in each case, such price shall equal the sum of the Purchase Price of such Purchased Asset and the accrued and unpaid Price Differential with respect to such Purchased Asset as of the date of such determination, minus all Income and other cash actually received by Buyer in respect of such Purchased Asset and applied towards the Repurchase Price and/or Price Differential pursuant to this Agreement and (ii) the Repurchase Price Additional Amount. As used herein “Repurchase Price Additional Amount” shall mean, with respect to anythe repurchase of the third to last Purchased Asset being repurchased, if such repurchase results in: that two (i2) five (5) or more Purchased Assets remainingwill remain subject to Transactions, an amount equal to $0.00;the greater of (iix) four (4) or three (3) Purchased Assets remaining subject to Transactions, an amount equal to the product of (a) tenfifteen percent (1015%) multiplied by (b) such Purchased Asset’s outstanding Purchase Price; and and (y) the product of (a) twenty-five percent (25%) multiplied by (b) Seller’s Principal Payment Share; provided, that any Repurchase Price Additional Amount paid by Seller to Buyer shall be applied by Buyer to reduce the Purchase Price of the remaining Purchased Assets on a pro rata basis. (iii) two (2) or one (1) Purchased Assets remaining subject to Transactions, an amount equal to the product of (a) twenty percent (20%) multiplied by (b) such Purchased Asset’s outstanding Purchase Price. “Requirement of Law” shall mean any law (inc...

Repurchase Assets. The Eligible Assets identified on a Repurchase Notification.