REPURCHASE EVENTS definition

REPURCHASE EVENTS. The occurrence of a breach of any of AFL's, the Seller's or the Servicer's representations and warranties in this Agreement or in the Purchase Agreement or in any Subsequent Purchase Agreement which requires the repurchase of a Receivable by AFL or the Seller pursuant to Section 2.6 or by the Servicer pursuant to Section 3.7.

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REPURCHASE EVENTS has the meaning set forth in Section 5(b) hereof.

REPURCHASE EVENTS. The occurrence of a breach of any of the Seller's or the Master Servicer's representations and warranties in this Agreement which requires the repurchase of a Receivable by the Seller or the Master Servicer pursuant hereto.

Examples of REPURCHASE EVENTS in a sentence

• NH Credit hereby covenants and agrees with CNHCR for the benefit of CNHCR, the Indenture Trustee, the Noteholders, the Trust, the Trustee and the Certificateholders that the occurrence of a breach of any of NH Credit's representations and warranties contained in SECTION 3.2(b), shall constitute events obligating NH Credit to repurchase any NH Receivable materially and adversely affected by any such breach ("REPURCHASE EVENTS") at the Purchase Amount from CNHCR or from the Trust.

• The Originator hereby covenants and agrees with the Purchaser for the benefit of the Purchaser, the Indenture Trustee, the Noteholders, the Trustee and the Certificateholders that the occurrence of a breach of any of the Originator's representations and warranties contained in Section 3.2(b), shall constitute events obligating the Originator to repurchase any Receivable materially and adversely affected by any such breach ("REPURCHASE EVENTS") at the Purchase Amount from the Purchaser or from the Trust.

More Definitions of REPURCHASE EVENTS

REPURCHASE EVENTS has the meaning specified in Section 11.1(b).

REPURCHASE EVENTS has the meaning specified in Section 11.1.

REPURCHASE EVENTS. The occurrence of a breach of any of AFS', the Seller's or the Servicer's representations and warranties in this Agreement or in the Purchase Agreement which requires the repurchase of a Receivable by AFS or the Seller pursuant to Section 2.5 or by the Servicer pursuant to Section 3.7.