Examples of Repurchase Price in a sentence
Such obligation to repurchase exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Asset (but Liquidation Proceeds received by Buyer shall be applied to reduce the Repurchase Price for the Purchased Assets to which such Liquidation Proceeds relate on each Remittance Date except as otherwise provided herein).
Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date.
If, as of any date of determination, the Repurchase Price (excluding any amounts calculated pursuant to clause (b) of the definition thereof) of any type of Purchased Asset creates an Excess Concentration Amount, then Buyer may, by notice to the applicable Seller, require such Seller to reduce such Repurchase Price by remitting such Excess Concentration Amount to Buyer within two (2) Business Days of such notice.
On the Repurchase Date for any Transaction, termination of such Transaction will be effected by reassignment to Sellers or their designee of the Purchased Assets subject to such Transaction (and any Income in respect thereof received by Buyer not previously credited or transferred to, or applied to the obligations of, Sellers pursuant to Section 5 hereof) against the simultaneous transfer of the Repurchase Price to an account of Buyer.
Notwithstanding the foregoing, nothing in this Section 11 shall relieve the Buyer from its obligation to return the Purchased Assets to Sellers upon payment of the related Repurchase Price on the related Repurchase Date.