Repurchase Event. If any of the following events (each, an “Event of Repurchase”) occurs and is continuing with respect to a Pool Asset:
Repurchase Event. A "Repurchase Event" shall be deemed to have occurred at such time as:
Repurchase Event. (a) Upon the occurrence of a Repurchase Event with respect to any Purchased Receivable or any portion thereof, Seller Representative on behalf of the applicable Seller (or the applicable Seller directly) shall, within one Business Day of written notice from Xxxxx Fargo to the Seller Representative (which notice shall be promptly forwarded from the Seller Representative to the applicable Seller), purchase from Xxxxx Fargo such Purchased Receivable and shall pay to Xxxxx Fargo the Repurchase Price in respect of such Repurchased Receivable or portion thereof (such Purchased Receivable, once repurchased in accordance with this Section 3.1, a “Repurchased Receivable”); it being understood and agreed that the obligations of the Seller Representative and the Sellers to make such a purchase upon a Repurchase Event under this Section 3.1(a) shall be in full force and effect notwithstanding the occurrence of a Credit Reason of the applicable Account Debtor for such Purchased Receivable. Each Seller and the Servicer each hereby authorizes Xxxxx Fargo at all times, and Xxxxx Fargo may, at its option, either: (i) setoff against the Servicing Bonus or any amount at any time owing (including any Purchase Price) by Xxxxx Fargo to any Seller for any amounts at any time owing by any Seller to Xxxxx Fargo, with respect to a Repurchased Receivable, (ii) after the occurrence and during the continuation of a Termination Event, debit or deduct from any deposit account of any Seller any amounts at any time owing by any Seller to Xxxxx Fargo with respect to a Repurchased Receivable, or (iii) require that the applicable Seller make a cash payment to Xxxxx Fargo in respect of such amounts. All such payments by the applicable Seller to Xxxxx Fargo on account of the Repurchase Price shall be due and payable on the next Business Day after the date of the notice by Xxxxx Fargo to the Seller Representative requiring that the applicable Seller repurchase any such Repurchased Receivable.
Repurchase Event. Upon the occurrence of a Tax Event or a Fundamental Change, the Holder has the right, at such Holder’s option, to require the Company to repurchase for cash all of such Holder’s Bonds or any portion thereof (in minimum principal amounts of $1,000 or integral multiples of $1,000 in excess thereof) on the Tax Event Repurchase Date or Fundamental Change Repurchase Date at a price equal to the Tax Event Repurchase Price, the Change of Control Repurchase Price or the Listing Failure Event Repurchase Price, as applicable.
Repurchase Event. A Repurchase Event shall be defined as the occurrence of any one of the following events:
Repurchase Event. 36- Request for Release.................................................-36- Required Insurance Policy...........................................-36-
Repurchase Event. For purposes of this Agreement, a Repurchase Event means any one of the following events:
Repurchase Event. Where a Minority Shareholder:
Repurchase Event. With respect to any Mortgage Loan, either (i) a discovery that, as of the Closing Date, the related Mortgage was not a valid lien on the related Mortgaged Property subject only to (A) the lien of any prior mortgage indicated on the Mortgage Loan Schedule, (B) the lien of real property taxes and assessments not yet due and payable, (C) covenants, conditions, and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage and such other permissible title exceptions as are customarily accepted for similar loans and (D) other matters to which like properties are commonly subject that do not materially adversely affect the value, use, enjoyment or marketability of the related Mortgaged Property or (ii) with respect to any Mortgage Loan as to which the Seller delivers an affidavit certifying that the original Mortgage Note has been lost or destroyed, a subsequent default on such Mortgage Loan if the enforcement thereof or of the related Mortgage is materially and adversely affected by the absence of such original Mortgage Note.
Repurchase Event. 74 Section 12.7
