Failure to Remit Principal Payment Clause Samples
Failure to Remit Principal Payment. Seller fails to remit (or cause to be remitted) to Purchaser any Principal Payment received with respect to a Purchased Asset for application to the payment of the Repurchase Price for such Purchased Asset in accordance with Article 5(e).
Failure to Remit Principal Payment. Seller fails to remit (or cause to be remitted) to Buyer any Principal Payment received with respect to a Purchased Asset for application to the payment of the Repurchase Price for such Purchased Asset in accordance with Article 5(e), that Seller shall have one (1) Business Day to cure any failure to remit Principal Payment resulting from an error or omission of an administrative or operational nature.
Failure to Remit Principal Payment. Borrower shall fail to remit (or cause to be remitted) to Lender any Principal Payment received with respect to the Underlying Loan for application to the payment of the Obligations for the Underlying Loan in accordance with Article 5(e).
Failure to Remit Principal Payment. Any Seller Counterparty fails to remit (or cause to be remitted) to Purchaser any Principal Payment received with respect to a Purchased Asset or Contributed Swingline Loan for application to the payment of the Repurchase Price or the Swingline Repayment Amount for such Purchased Asset or Contributed Swingline Loan, as applicable, in accordance with Article 5(e).