Common use of Increases Clause in Contracts

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days’ prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds to the Facility Account, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Beckman Coulter Inc), Receivables Purchase Agreement (Beckman Coulter Inc), Receivables Purchase Agreement (Beckman Coulter Inc)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in if the case of an Seller has been notified that such Incremental Purchase to shall be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Agent shall notify Seller and Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of deposit to the account designated by the Seller in the applicable Purchase Notice, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Metropolitan Edison Co), Receivables Purchase Agreement (Pennsylvania Power Co), Receivables Purchase Agreement (Pennsylvania Electric Co)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days’ prior notice in a the form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and ), date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Bank Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer deposit to the account of the Seller (or its designee) designated in the Purchase Notice, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon 1:00 p.m. (Chicago New York time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing being purchased by Conduit or (ii) in the case of a Financial Institution, such Financial Institution’s Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests then being purchased by the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar monthInstitutions.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (CMS Energy Corp), Receivables Purchase Agreement (CMS Energy Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days’ prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds to the Facility Account, of immediately available funds, no later than 12:00 noon (Chicago time), in an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Ferrellgas Partners Finance Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) one Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a ---------- "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof --------------- ----------- and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than at least $1,000,0001,000,000 and integral multiples of $100,000 in excess thereof) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. Without the prior approval of Conduit, Seller shall not request more than three proposed purchases in any calendar month and, unless approved by Conduit in its sole discretion, any such requests in excess of three in any calendar month shall be void. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the ---------- Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Energizer Holdings Inc)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a Monthly Report or in a form set forth as Exhibit II hereto of each Incremental Purchase (in either case, a “Purchase Notice”"PURCHASE NOTICE"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase (which, in the case of any Incremental Purchase (after the initial Incremental Purchase hereunder), shall only be on a Settlement Date) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire deposit to an account specified by the Agent, for transfer of by the Agent to an account designated by Seller (or by Servicer, on Seller's behalf), in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are then purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Omnova Solutions Inc)

Increases. Seller Finance Subsidiary shall provide the Administrative Agent with at least two (2) one Business Days’ Day's prior notice in a form set forth as Exhibit II I hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000100,000) and date of purchase andpurchase, and in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller Finance Subsidiary may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of deposit to the account designated by Finance Subsidiary, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon Noon (Chicago New York time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Wix Filtration Media Specialists, Inc.)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days’ prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,0001,000,000 and shall not be greater than the Commitment Availability immediately prior to giving effect to such purchase) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Johnson Polymer Inc)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a the form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,0002,000,000) and date of purchase (which, in the case of any Incremental Purchase (after the initial Incremental Purchase hereunder), shall be no more frequent than twice during any calendar month) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Bank Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer deposit to the account of the Seller designated in the applicable Purchase Notice, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing being purchased by the Conduit or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests then being purchased by the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar monthInstitutions.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Lennox International Inc)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a the form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, the Agent will promptly notify Seller of such fact, whereupon Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of to the account specified in the applicable Purchase Notice, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Meredith Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,00010,000,000 (or an integral multiple thereof) in the case of the initial Incremental Purchase and shall not be less than $500,000 (or an integral multiple thereof) in the case of any subsequent Incremental Purchase) and date of purchase (which shall occur no more frequently than once per calendar week) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Interface Inc)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”"PURCHASE NOTICE"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchasepurchase in whole or in part, the Agent will notify Seller of such fact, whereupon, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of deposit to the account specified by the Agent (and the Agent shall deposit to the account specified in the Purchase Notice) in immediately available funds to the Facility Account, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: u.s. Receivables Purchase Agreement (Weatherford International Inc /New/)

Increases. No later than 11:00 a.m. (Chicago time) at least three (3) Business Days prior to each Incremental Purchase, Seller shall provide the Administrative Agent with at least two (2) Business Days’ prior written notice in a form set forth as Exhibit II hereto of each such Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase (which, in the case of any Incremental Purchase (after the initial Incremental Purchase hereunder), shall only be on a Settlement Date) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Falcon agrees to make the purchase. If Company Falcon declines to make a proposed purchase, the Agent shall promptly notify Seller and Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Falcon or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyFalcon, the aggregate Purchase Price of the Purchaser Interests Company Falcon is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (School Specialty Inc)

Increases. Seller shall provide notify the Administrative Agent with at least two of any proposed Incremental Purchase by 9:00 a.m. (2Chicago time) Business Days’ prior notice on the proposed date of such Incremental Purchase in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000500,000 and shall be in integral multiples of $100,000) and date of purchase (it being understood and agreed that no more than twelve (12) Incremental Purchases may occur in any one calendar month without the Agent's consent) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, the Agent shall so notify Seller and Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of deposit to the Concentration Account, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (American Commercial Lines LLC)

Increases. Seller shall provide the Administrative Agent with at least two one (21) Business Days’ Day’s prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a “Purchase Notice”). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than an amount equal to $1,000,0001,000,000 or an integral multiple of $100,000 in excess thereof) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Seller may not request more than five (5) Incremental Purchases during any Accrual Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer to an account designated by Seller of immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), in an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Flowserve Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There Only five (5) Purchase Notices may not be more than four (4) Incremental Purchases during presented in any calendar month; provided, however, at any time daily settlement is occurring, a Purchase Notice for each Business Day may be presented.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Navistar Financial Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds to the Facility Account, of immediately available funds, no later than 12:00 noon (Chicago time), in an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Ferrellgas Partners Finance Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) three Business Days' prior notice (any such notice received by the Agent after 11:00 a.m. (Chicago time) to be deemed received on the next Business Day) in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase (which, in the case of any Incremental Purchase (after the initial Incremental Purchase hereunder), shall only be on a Settlement Date) and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Plexus Corp)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company Conduit agrees to make the purchase. If Company Conduit declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company Conduit or the Financial Institutions, as applicable, shall initiate a wire transfer of to the account specified by Seller in its Purchase Notice, in immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of CompanyConduit, the aggregate Purchase Price of the Purchaser Interests Company Conduit is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Performance Food Group Co)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice in a form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $1,000,0001,000,000 and shall be in increments of $100,000) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, the Agent will advise Seller of such fact and Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer of immediately available funds deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Ceridian Corp /De/)

Increases. Seller shall provide the Administrative Agent with at least two (2) Business Days' prior notice substantially in a the form set forth as Exhibit II hereto of each Incremental Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than equal to $1,000,0001,000,000 or an integral multiple of $100,000 in excess thereof) and date of purchase and, in the case of an Incremental Purchase to be funded by the Financial Institutions, the requested Discount Rate and Tranche Period. Seller may request no more than six (6) Incremental Purchases during any Accrual Period. Following receipt of a Purchase Notice, the Administrative Agent will determine whether Company agrees to make the purchase. If Company declines to make a proposed purchase, Seller may cancel the Purchase Notice or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest will be made by the Financial Institutions. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, Company or the Financial Institutions, as applicable, shall initiate a wire transfer to an account designated by Seller of immediately available funds to the Facility Accountfunds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of Company, the aggregate Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in the case of a Financial Institution, such Financial Institution’s 's Pro Rata Share of the aggregate Purchase Price of the Purchaser Interests the Financial Institutions are purchasing. There may not be more than four (4) Incremental Purchases during any calendar month.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Cott Corp /Cn/)