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, those contained in Article V) , from time to time prior to the Termination Date, Seller may request on or before the last Business Day of any calendar week that Purchaser purchase on the last Business Day of the immediately succeeding calendar week from Seller undivided percentage ownership interests in Pool Receivables, all related Contracts, all Related Security, Collections and all other proceeds, including books and records with respect to such Pool Receivables (each being a " Purchase" ) and Purchaser shall make such Purchase at such times and upon the terms and subject to the conditions set forth herein; provided , that Purchaser shall make no Purchase if, after giving effect thereto, the Purchaser's Total Investment would exceed $50,000,000 (the " Purchase Limit") ; provided; however , that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $250,000.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Anuhco Inc)

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, those contained in Article V) ), from time to time prior to the Termination Date, Seller may request on or before the last third Business Day of any calendar week preceding each Settlement Date that Purchaser purchase on the last Business Day of the immediately next succeeding calendar week Settlement Date from Seller undivided percentage ownership interests in Pool Receivables, all related Contracts, all Related Security, Collections and all other proceeds, including books and records with respect to such Pool Receivables (each being a " "Purchase" ") and Purchaser shall make such Purchase at such times and upon the terms and subject to the conditions set forth herein; provided provided, that Purchaser shall make no Purchase if, after giving effect thereto, the Purchaser's Total Investment would exceed $50,000,000 30,000,000 (the " "Purchase Limit") ); provided; however , and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $250,000500,000.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Anuhco Inc)