Forward Flow Purchase Agreement Clause Samples
A Forward Flow Purchase Agreement is a contractual arrangement in which one party agrees to purchase certain assets, such as loans or receivables, from another party on a recurring or scheduled basis over a defined period. Typically, the agreement outlines the types of assets to be sold, the purchase price or pricing mechanism, and the frequency or conditions under which purchases will occur. This structure provides predictability and efficiency for both parties: the seller gains a reliable outlet for its assets, while the buyer secures a steady pipeline of acquisitions, thereby streamlining operations and mitigating the risks associated with one-off transactions.
POPULAR SAMPLE Copied 1 times
Forward Flow Purchase Agreement. In connection with a Forward Flow Purchase Agreement, the Borrower shall submit to the Lender a separate Borrowing Request for Assets to be purchased during the next one (1) month period under such Forward Flow Purchase Agreement, and if, pursuant to this SECTION 2.1(C), the Lender approves such purchase in the applicable Accepted Borrowing Request, then the Accounts and other Assets to be purchased in such one (1) month period under such Forward Flow Purchase Agreement shall constitute a single Asset Pool for all purposes of this Agreement and the other Loan Documents. In connection with the Borrowing Request for the first one (1) month period under a Forward Flow Purchase Agreement, the Borrower shall include with such Borrowing Request, in addition to the items required under SECTION 2.1(A) with a Borrowing Request, a detailed description of the number of months during which Assets are to be purchased under such Forward Flow Purchase Agreement, the purchase price and maximum amount of Assets to be purchased in each such month under such Forward Flow Purchase Agreement and a description of the quality and characteristics of the Assets to be purchased during each month under such Forward Flow Purchase Agreement. In connection with the Borrowing Request for the second or any subsequent one (1) month periods under a Forward Flow Purchase Agreement, the Borrower shall include with such Borrowing Request such information as the Lender shall reasonably require to confirm that the purchase price and amount of the Assets being purchased during such month are consistent with the purchase price and the maximum amount specified for such month in the first Borrowing Request related to such Forward Flow Purchase Agreement and to confirm that the quality and characteristics of the Assets to be purchased during such month are consistent with the description of the quality and characteristics of Assets purchased in the first Borrowing Request related to such Forward Flow Purchase Agreement and to confirm the consistency of other matters in the Borrowing Request for such month are consistent with other matters set forth in the Borrowing Request related to the first month under such Forward Flow Purchase Agreement. So long as no Default or Event of Default exists and so long as the Assets to be purchased in such second or subsequent one (1) month period under such Forward Flow Purchase Agreement are consistent with the purchase price, amount, quality and characteristics a...