Common use of Maximum Purchaser Interests Clause in Contracts

Maximum Purchaser Interests. Seller shall ensure that the Purchaser Interests of the Purchasers shall at no time exceed, in the aggregate, the Applicable Maximum Purchaser Interest. If the aggregate of the Purchaser Interests of the Purchasers exceeds the Applicable Maximum Purchaser Interest, Seller shall pay to the Agent within (i) at any time a Monthly Reporting Period is in effect, two (2) Business Days and (ii) at any time a Daily or Weekly Reporting Period is in effect, one (1) Business Day, an amount to be applied to reduce the Aggregate Capital (as allocated by the Agent), such that after giving effect to such payment, the aggregate of the Purchaser Interests equals or is less than the Applicable Maximum Purchaser Interest.

Appears in 3 contracts

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

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Maximum Purchaser Interests. Seller shall ensure that the Purchaser Interests of the Purchasers shall at no time exceed, exceed in the aggregate, aggregate the Applicable Maximum Purchaser Interest. If the aggregate of the Purchaser Interests of the Purchasers exceeds the Applicable Maximum Purchaser InterestInterest at any time, Seller shall pay to the Agent within (i) at any time a Monthly Reporting Period is in effect, two (2) Business Days Days, and (ii) at any time a Daily or Weekly Reporting Period is in effect, one (1) Business Day, an amount to be applied to reduce the Aggregate Capital (as allocated by the Agent), such that that, after giving effect to such payment, the aggregate of the Purchaser Interests equals equal or is less than the Applicable Maximum Purchaser Interest.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Puget Sound Energy Inc)

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