Purchase Facility Release Amounts Sample Clauses

Purchase Facility Release Amounts. As additional security for the payment of all amounts due under this Agreement, the Borrower pledges and assigns all of its right, title and interest in the Facility Pledge Agreement, including all Purchase Facility Free Cash Flow to the Agent, which pledge and assignment the Agent hereby accepts on behalf of the Company and the Bank Investors, as applicable. Accordingly, Purchase Facility Free Cash Flow shall be available on each Payment Date as part of Available Funds for such Payment Date. As additional security for the payment of all Aggregate Unpaids, the Borrower pledges and assigns all of its right, title and interest in the Receivables Purchase Agreement and the parties hereto acknowledge that the Agent, on behalf of the Company and the Bank Investors, as applicable, may enforce such right, title and interest directly as if it were party thereto.