Purchase Facility definition

Purchase Facility has the meaning set forth in Section 1.1 of the Sale Agreement.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Restricted Subsidiary sells Receivables to a financial institution, commercial paper facility or conduit and retains a right of first refusal or other repurchase arrangement upon the subsequent resale of such Receivables by such financial institution, commercial paper facility or conduit.

Purchase Facility means the receivables purchase facility evidenced by this Agreement.

Examples of Purchase Facility in a sentence

• Upon the occurrence and during the continuation of a Purchase and Contribution Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated and/or replace the Servicer hereunder.

• Upon any termination of the Borrower Purchase Facility pursuant to Section 9.2(a), the Buyer (and the Administrative Agent as Xxxxx’s assignee) shall have, in addition to all other rights and remedies under this Agreement, all other rights and remedies provided under the UCC of each applicable jurisdiction and other Applicable Laws, which rights shall be cumulative.

• Upon any termination of the Purchase Facility pursuant to Section 9.2(a), the Buyer (and the Borrower as Buyer’s assignee and the Administrative Agent as Xxxxxxxx’s assignee) shall have, in addition to all other rights and remedies under this Agreement, all other rights and remedies provided under the UCC of each applicable jurisdiction and other Applicable Laws, which rights shall be cumulative.

• Upon the occurrence and during the continuation of a Purchase and Contribution Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Seller (with a copy to the Administrative Agent and the Lenders), to declare the Borrower Purchase Facility terminated and/or replace the Servicer hereunder.

More Definitions of Purchase Facility

Purchase Facility has the meaning specified in Section 1.1 of this Agreement.

Purchase Facility has the meaning set forth in Section 1.1 of the Purchase and Contribution Agreement.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Subsidiary of the Company sells Receivables to a financial institution or investment bank.

Purchase Facility. As used herein, “Cut-Off Date” means (a) with respect to each Originator party hereto on the date hereof, February 28, 2019, and (b) with respect to any Originator that first becomes a party hereto after the date hereof, the Business Day immediately prior to the date on which such Originator becomes a party hereto or such other date as the Buyer and such Originator agree to in writing. SECTION 1.2.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Restricted Subsidiary of the Company sells Receivables to a financial institution, commercial paper facility or conduit or Special Purpose Entity and retains a right of first refusal or other repurchase arrangement upon the subsequent resale of such Receivables by such financial institution, commercial paper facility or conduit or Special Purpose Entity.

Purchase Facility means any Warehouse facility in the form of a purchase and sale facility pursuant to which the Company or any of its Subsidiaries sells Receivables to a financial institution and retains the right of first refusal upon the subsequent resale of such Receivables by such financial institution.

Purchase Facility. Any facility in the form of a purchase and sale facility pursuant to which Delta Financial Corporation or Delta Funding Corporation sells Receivables to a financial institution, commercial paper facility or conduit and retains a right of first refusal or other repurchase arrangement upon the subsequent resale of such Receivables by such financial institution, commercial paper facility or conduit.