Examples of Seller Indemnified Amounts in a sentence
The Sponsor shall be jointly and severally liable for any Seller Indemnified Amounts and any Repurchase Amounts and all Repurchase Event Fees and Expenses payable under the Student Loan Purchase Agreement, all amounts payable by the SPV Administrator pursuant to Section 7.02 and all amounts payable by the Master Servicer pursuant to Section 7.03.
Seller and Shareholder shall have the right, by written notice, time being of the essence, within five (5) business days after receipt of notice from Purchaser of their intention to seek to receive such Seller Indemnified Amounts or Set-Off Amounts, to direct Purchaser or the Escrow Agent to satisfy such Seller Indemnified Amount or Set-Off Amount from all or a portion of either the Medialink Shares, or the payments under this Agreement or the Non-Compete Agreement.
Each of the parties hereto acknowledges and agrees that the Conduit Lender, the Department and the other Affected Parties are express third party beneficiaries hereof entitled to enforce all of the obligations of the Seller with respect to payment of Repurchase Amounts, Repurchase Event Fees and Expenses and Seller Indemnified Amounts owed by the Seller and to enforce the terms hereof as if they were parties hereto.