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Common use of Communications Regarding Demands to Repurchase Receivables Clause in Contracts

Communications Regarding Demands to Repurchase Receivables. The Owner Trustee shall provide notice to CarMax and the Depositor as soon as practicable of all demands communicated to a Responsible Officer of the Owner Trustee for the repurchase or replacement of any Receivable for breach of the representations and warranties concerning such

Appears in 6 contracts

Sources: Trust Agreement (CarMax Auto Owner Trust 2024-4), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2024-3)

Related Clauses

  • Communications Relating to Portfolio Securities
  • COMMUNICATIONS RELATING TO FOREIGN SECURITIES
  • Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties
  • Repurchase of Receivables
  • Expectations Regarding Advance Notices

Parent Clauses

  • Authority and Duties of Owner Trustee
  • Concerning the Owner Trustee
  • The Indenture Trustee
  • Communications Between Noteholders
  • Performance and Enforcement of Certain Obligations

Sub-Clauses

  • Issuing Entity to Furnish Indenture Trustee Names and Addresses of Noteholders
  • Preservation of Information Communications to Noteholders Noteholder Communications With Indenture Trustee Communications Between Noteholders
  • Noteholder Communications with Indenture Trustee
  • Reports by Issuing Entity
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