Common use of Payment of Repurchase Prices and Substitution Shortfall Amounts Clause in Contracts

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 18 contracts

Sources: Sale Agreement (Bluegreen Vacations Holding Corp), Sale Agreement (Bluegreen Vacations Holding Corp), Sale Agreement (Bluegreen Vacations Holding Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Bluegreen hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 14 contracts

Sources: Transfer Agreement (Bluegreen Vacations Holding Corp), Transfer Agreement (BBX Capital Corp), Transfer Agreement (BBX Capital Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Seller hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 12 contracts

Sources: Purchase and Contribution Agreement (Bluegreen Vacations Holding Corp), Purchase and Contribution Agreement (BBX Capital Corp), Purchase and Contribution Agreement (BBX Capital Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer Purchaser hereby directs and the Depositor Servicer hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Securitization Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Securitization Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections Section 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 5 contracts

Sources: Loan Sale Agreement (Silverleaf Resorts Inc), Loan Sale Agreement (Silverleaf Resorts Inc), Loan Sale Agreement (Silverleaf Resorts Inc)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Funding Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Funding Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Funding Date.

Appears in 4 contracts

Sources: Sale Agreement (Bluegreen Vacations Holding Corp), Sale Agreement (BFC Financial Corp), Sale Agreement (Bluegreen Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Bluegreen hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.. 15

Appears in 3 contracts

Sources: Transfer Agreement (Bluegreen Vacations Holding Corp), Transfer Agreement (Bluegreen Vacations Corp), Transfer Agreement (Bluegreen Vacations Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer Securitization Depositor hereby directs and the Depositor Bluegreen hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Securitization Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Warehouse Timeshare Loan is replaced substituted pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 3 contracts

Sources: Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp), Transfer Agreement (Bluegreen Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Originator hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices, Force Majeure Purchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Securitization Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections Section 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 2 contracts

Sources: Transfer Agreement (Silverleaf Resorts Inc), Transfer Agreement (Silverleaf Resorts Inc)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Originator hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Securitization Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections Section 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 2 contracts

Sources: Transfer Agreement (Silverleaf Resorts Inc), Transfer Agreement (Silverleaf Resorts Inc)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 1 contract

Sources: Sale Agreement (Bluegreen Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Bluegreen hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.. KL2 3337062.5

Appears in 1 contract

Sources: Transfer Agreement (Bluegreen Vacations Holding Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections 6(a), (b) or (c) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 1 contract

Sources: Sale Agreement (Bluegreen Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Issuer hereby directs and the Depositor Originator hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Securitization Indenture Trustee to be deposited in the Collection Account on the Business Day immediately preceding the related Payment Transfer Date for such Due Period in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections 6(a), (b) or (cb) hereof on any Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Transfer Date.

Appears in 1 contract

Sources: Transfer Agreement (Silverleaf Resorts Inc)