Common use of Commitments to Purchase; Limits on Purchasers’ Obligations Clause in Contracts

Commitments to Purchase; Limits on Purchasers’ Obligations. 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 (a) the then Purchaser's Total Investment would exceed $75,000,000 (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.01 shall have a purchase price equal to at least $500,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time prior to during the Termination DateRevolving Period, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PurchasePURCHASE"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then Purchaser's Total Investment sum of (i) the Invested Amount and (ii) the Aggregate Accruals would exceed $75,000,000 35,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section 1.01 1.1 shall have a purchase price equal to at least $500,000 1,000,000 and shall be an integral multiple of $100,000100,000 .

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount would exceed $75,000,000 $ 130,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.01 1.1 shall have a purchase price equal to at least $500,000 1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. 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, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of (i) the Purchaser's Total Investment at such time and (ii) the aggregate of the CP Discounts of all Commercial Paper Notes then outstanding would exceed $75,000,000 50,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.01 1.1 shall have a purchase price equal to at least $500,000 1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article ARTICLE V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PurchasePURCHASE"); provided PROVIDED that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then Purchaser's Total Investment Invested Amount would exceed $75,000,000 $ 200,000,000 (as adjusted pursuant to SECTION 3.2(b)) (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section 1.01 SECTION 1.1 shall have a purchase price equal to at least $500,000 1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article 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 "PurchasePURCHASE"); provided PROVIDED that no Purchase shall be made by Purchaser if, after giving effect thereto, either (a) the then Purchaser's Total Investment would exceed the lesser of (1) $75,000,000 50,000,000 and (2) 84% TIMES the Net Pool Balance (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Purchased Interest, expressed as a percentage of Net Pool BalanceBalance (as of the Cut-Off Date for the Settlement Date on which such Purchase is made), would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and providedPROVIDED, further FURTHER that each Purchase made pursuant to this Section 1.01 shall have a purchase price equal to at least $500,000 1,000,000 and shall be an integral multiple of $100,0001,000,000.