Repurchase Assignments definition
Examples of Repurchase Assignments in a sentence
The following documents shall have been entered into in a form and substance satisfactory to each Party in its sole discretion: (a) the Cash Escrow Agreement, (b) all Assignment and Assumption Agreements, (c) all Repurchase Assignments, and (d) any other document or agreement relating to the repurchase and/or escrow arrangements described in Section 2.5.
For the avoidance of doubt, the repurchase/resale obligations under this Section 2.5, and the Repurchase Assignments, shall become null and void immediately upon the delivery of written notice to Buyer from Lender that Lender has received sufficient funds to repay the Bridge Facility and release of the Cash Consideration to Sellers pursuant to the terms of the Cash Escrow Agreement.
In connection with the foregoing, the Borrower shall use its reasonable best efforts to cause (x) any administrative agent under the definitive documents relating to the Portfolio Investments and (y) any other Person party thereto to execute the Repurchase Assignments (to the extent necessary to effect the Buyback Obligation).
Executed copies of each of the Purchase Agreements specified in clauses (b) and (c) of the definition thereof; provided that the Repurchase Assignments shall be delivered to the Custodian duly executed, to be held until the sooner of the exercise of the Buyback Obligation and the consummation of the IPO.