Commitment to Purchase; Limits on Purchasers' Obligations Sample Clauses

Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the benefit of Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and Conduit Purchaser may, in its sole discretion, fund each Purchase. If Conduit Purchaser elects not to fund such Purchase, each Committed Purchaser shall fund its Percentage of such Purchase, and the Administrator, for the benefit of Purchasers, shall make such Purchase with the proceeds of such funding by the Committed Purchasers; provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the Capital after giving effect to such Purchase would exceed $50,000,000 (the "Purchase Limit"), as such Purchase Limit may be decreased from time to time as provided in Section 1.05, or (b) the Asset Interest would exceed 100% (the "Allocation Limit"); and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $1,000,000.
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Commitment to Purchase; Limits on Purchasers' Obligations. (a) Upon the terms and subject to the conditions of this Agreement (including, without limitation, ARTICLE V), from time to time prior to the Termination Date, Seller may request that Purchaser purchase from Seller ownership interests in Pool Receivables and Related Assets, and Purchaser shall make such purchase (each being a "PURCHASE"); PROVIDED that no Purchase shall be made by Purchaser if, after giving effect thereto, either
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Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the benefit of Purchaser, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and Purchaser shall fund such Purchase; provided that no Purchase shall be funded by Purchaser if, after giving effect thereto, either (a) the then Capital would exceed an amount equal to $200,000,000 (the "Purchase Limit"), as such amount may be decreased from time to time as provided in Section 1.05, or (b) the Asset Interest would exceed 100% (the "Allocation Limit"); and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $1,000,000.
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Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the benefit of the Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and each Conduit Purchaser may fund its Percentage of such Purchase (and if any Conduit Purchaser elects not to fund its Percentage of such Purchase, each of its related Committed Purchasers shall fund its respective Pro Rata Share of such Conduit Purchaser's Percentage of such Purchase); provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the then Capital would exceed an amount equal to $300,000,000 (the "Purchase Limit"), as such amount may be decreased from time to time as provided in Section 1.5, (b) the Asset Interest would exceed 100% (the "Allocation Limit"), (c) such Purchaser's Funded Percentage of the then Capital would exceed its Commitment or (d) the aggregate Funded Percentages of such Purchaser's Purchaser Group of the then Capital would exceed the related Conduit Purchaser's Commitment; and provided further that each Purchase made pursuant to this Section 1.1 shall have a purchase price of at least $5,000,000. Notwithstanding the use of the term "Commitment" or any other provision of this Agreement, no Conduit Purchaser shall have any obligation to fund any Purchase; any election to fund a Purchase shall be at a Conduit Purchaser's discretion, provided that each Conduit Purchaser that elects not to fund a Purchase shall give notice of such election to the Administrator, the Servicer and such Conduit Purchaser's Agent on or prior to 12:00, noon (Boston, Massachusetts time) on the date of Purchase.
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Related to Commitment to Purchase; Limits on Purchasers' Obligations

  • Conditions to The Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Purchaser’s sole benefit and may be waived by the Purchaser at any time in its sole discretion:

  • CONDITIONS TO EACH PURCHASER'S OBLIGATION TO PURCHASE 7.1 The obligation of each Purchaser hereunder to purchase the Common Shares and Warrants to be purchased by it on the date of the Closing is subject to the satisfaction of each of the following conditions, provided that these conditions are for each Purchaser’s sole benefit and may be waived by such Purchaser at any time in such Purchaser’s sole discretion:

  • Conditions to Purchaser’s Obligation to Close The obligation of Purchaser to Close under this Agreement is subject to each of the following conditions (any one of which may, at the option of Purchaser, be waived in writing by Purchaser) existing on the date of this Agreement, or such earlier date as the context may require.

  • Conditions to Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Securities at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions may be waived by the Purchaser at any time in its sole discretion:

  • Conditions to Purchasers’ Obligations at the Closing Purchasers' obligations to purchase the Shares at the Closing are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • Conditions to Purchaser’s Obligations The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the satisfaction (unless waived in writing by Purchaser) of each of the following conditions on or prior to the Closing Date:

  • Conditions to the Purchaser’s Obligations The obligations of the Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Purchaser in writing) of the following conditions as of the Closing Date:

  • Conditions Precedent to Purchaser’s Obligations The obligations of Purchaser hereunder to consummate the transaction contemplated hereunder shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing, any of which may be waived by Purchaser in its sole discretion by written notice to Seller at or prior to the Closing Date:

  • Conditions to The Buyer’s Obligation to Purchase The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • Conditions to the Purchasers’ Obligations at Closing The obligations of the Purchaser to purchase Shares at the Closing are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived:

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