Liquidity Bank. (i) With respect to VFCC, each liquidity bank that is a party to the Liquidity Agreement and (ii) with respect to each other CP Conduit any bank, insurance company or other financial institution extending or having a commitment to extend funds to or for the account of such CP Conduit (including by an agreement to purchase an assignment of or participation in such CP Conduit’s portion of the Capital) under a Liquidity Agreement. Each Investor shall be deemed to be a Liquidity Bank for its related CP Conduit.
Appears in 2 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Liquidity Bank. (i) With respect to VFCC, each liquidity bank that is a party to the Liquidity Agreement and (ii) with respect to each other CP Conduit any bank, insurance company or other financial institution extending or having a commitment to extend funds to or for the account of such CP Conduit (including by an agreement to purchase an assignment of or participation in such CP Conduit’s portion of the Capital) under a Liquidity Agreement. Each Investor shall be deemed to be a Liquidity Bank for its related CP Conduit. Loan: Any Dealer Loan or Purchased Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
Liquidity Bank. (i) With respect to VFCC, each liquidity bank that is a party to the Liquidity Agreement and (ii) with respect to each other CP Conduit any bank, insurance company or other financial institution extending or having a commitment to extend funds to or for the account of such CP Conduit (including by an agreement to purchase an assignment of or participation in such CP Conduit’s 's portion of the Capital) under a Liquidity Agreement. Each Investor shall be deemed to be a Liquidity Bank for its related CP Conduit.
Appears in 1 contract
Samples: Certificate Funding Agreement (Credit Acceptance Corporation)
Liquidity Bank. (i) With respect to VFCC, each liquidity bank that is a party to the Liquidity Agreement (ii) with respect to PARCO, each liquidity bank that is a party to the Liquidity Agreement and (iiiii) with respect to each other CP Conduit any bank, insurance company or other financial institution extending or having a commitment to extend funds to or for the account of such CP Conduit (including by an agreement to purchase an assignment of or participation in such CP Conduit’s 's portion of the Capital) under a Liquidity Agreement. Each Investor shall be deemed to be a Liquidity Bank for its related CP Conduit.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corporation)
Liquidity Bank. (i) With respect to VFCC, each liquidity bank that is a party to the Liquidity Agreement (ii) with respect to PARCO, each liquidity bank that is a party to the Liquidity Agreement and (iiiii) with respect to each other CP Conduit any bank, insurance company or other financial institution extending or having a commitment to extend funds to or for the account of such CP Conduit (including by an agreement to purchase an assignment of or participation in such CP Conduit’s portion of the Capital) under a Liquidity Agreement. Each Investor shall be deemed to be a Liquidity Bank for its related CP Conduit.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corporation)