Common use of Initial Purchase Clause in Contracts

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by Section 2.05, (i) ------------ on the Series 0000-0 Xxxxxxxx Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 VFC Certificate, in an amount equal to the Series 2000-1 Initial Invested Amount, or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 VFC Certificate on the Series 0000-0 Xxxxxxxx Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series 0000-0 Xxxxxxxx Date its Series 2000-1 VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 VFC Certificate on the Series 0000-0 Xxxxxxxx Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 VFC Certificate, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest on the Series 0000-0 Xxxxxxxx Date or, in any case, on or after the Series 2000-1 Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests shall be made in immediately available funds on the Series 0000-0 Xxxxxxxx Date to the Funding Agent for payment to the Trust.

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4, (i) ------------ on the Series 0000-0 Xxxxxxxx Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 a VFC Certificate on the Series 0000-0 Xxxxxxxx Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series 0000-0 Xxxxxxxx Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Initial Series 20001998-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series 0000-0 Xxxxxxxx Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series 0000-0 Xxxxxxxx Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series 0000-0 Xxxxxxxx Issuance Date to the Funding Agent for payment to the TrustCompany.

Initial Purchase. Subject to the terms and conditions of this ---------------- Indenture Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.3, (i) ------------ on any Business Day during the Commitment Period (the "Series 00001999-0 Xxxxxxxx 1 Initial Funding Date"), (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the a Series 20001999-1 VFC Certificate, Investor Note in an amount equal to the Series 20001999-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the a Series 20001999-1 VFC Certificate Investor Note on the Series 00001999-0 Xxxxxxxx 1 Initial Funding Date, each Series 2000-1 the APA Bank hereby severally agrees to shall purchase on the Series 0000-0 Xxxxxxxx Date its Series 20001999-1 VFC Certificate Interest, which Initial Funding Date a Series 20001999-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, Investor Note in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 20001999-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the a Series 20001999-1 VFC Certificate Investor Note on the Series 00001999-0 Xxxxxxxx 1 Initial Funding Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the its Series 20001999-1 VFC CertificateInvestor Note, subject to increase or decrease during the Series 2000-1 Revolving Commitment Period, in accordance with the provisions of this Series 2000-1 Indenture Supplement and (B) if the Series 2000-1 APA Banks Bank shall have purchased Series 20001999-1 VFC Certificate Interest Investor Notes on the Series 00001999-0 Xxxxxxxx 1 Initial Funding Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the APA Bank shall maintain its Series 20001999-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Investor Note subject to increase or decrease during the Series 2000-1 Revolving Commitment Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Indenture Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Bank, as the case may be, in respect of the Series 20001999-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Investor Notes shall be made in immediately available funds on the Series 00001999-0 Xxxxxxxx 1 Initial Funding Date to the Funding Agent for payment remittance to the Trust.Indenture Trustee for deposit into the Series 1999-1

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4, (i) ------------ on the Series 0000-0 Xxxxxxxx Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial 2 Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 a VFC Certificate on the Series 0000-0 Xxxxxxxx Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series 0000-0 Xxxxxxxx Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Initial Series 20001998-1 Initial 2 Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series 0000-0 Xxxxxxxx Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series 0000-0 Xxxxxxxx Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 2 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series 0000-0 Xxxxxxxx Issuance Date to the Funding Agent for payment to the TrustCompany.

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by Section 2.05notice in accordance with SECTION 2.4 and 2.5, (i) ------------ on and after the Series 0000-0 Xxxxxxxx Effective Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20002003-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 all or a portion of a VFC Certificate on the Series 0000-0 Xxxxxxxx Effective Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series 0000-0 Xxxxxxxx Effective Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Pro Rata Share of the Initial Series 20002003-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount after giving effect to the requested Increase and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series 0000-0 Xxxxxxxx Effective Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series 0000-0 Xxxxxxxx Effective Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20002003-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series 0000-0 Xxxxxxxx Date applicable Business Day to the Funding Agent for payment to the TrustCompany.