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.
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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.
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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).
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REPURCHASE EVENTS has the meaning specified in Section 11.1.
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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.
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Related to REPURCHASE EVENTS

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Purchase Event means any of the following events:

  • Mandatory Purchase Event means, (i) in connection with the termination of the VRDP Shares Purchase Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement then in effect, and (b) the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement, or (ii) in connection with the termination of the VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Ratings Event.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.