Common use of Purchase Requests Clause in Contracts

Purchase Requests. To submit a Receivable for purchase under the Facility, Seller shall deliver an Officer’s Certificate, in the form of Exhibit A hereto, to Purchaser (each a “Purchase Request”) on a date two (2) Business Days (days which Purchaser is open for business) prior to the date of any purchase, setting forth, among other things, (i) the stated amount of the Receivable, (ii) the amount of the Receivable fully supported by the Short Term Comprehensive Single Buyer Export Credit Insurance Policy, Policy #ESS-258525 (the “Eximbank Policy”) for the Seller (which is also referred to herein by the phrase “Eligible Receivable” as defined herein), (iii) the due date of the Receivable, (iv) the proposed purchase date therefore, (vi) the applicable Discount Interest Rate (as defined below), (vii) the purchase price for the Receivable and (viii) copies of all relevant documents as required in accordance with the terms and conditions of the Purchase Request or otherwise by the Purchaser. The Purchaser shall be satisfied, in its sole discretion, with all terms and conditions of the Receivable, the Eximbank Policy and other information supplied prior to Purchaser being obligated to purchase the Receivable under the Facility.

Purchase Requests. To submit a Receivable for purchase under the Facility, Seller shall deliver an Officer’s Certificate, in the form of Exhibit A hereto, to Purchaser (each a “Purchase Request”) on a date two (2) Business Days (days which Purchaser is open for business) prior to the date of any purchase, setting forth, among other things, (i) the stated amount of the Receivable, (ii) the amount of the Receivable fully supported by the Short Term Comprehensive Single Buyer Export Credit Euler Hermes, ACI Insurance Policy, Policy #ESS-258525 382-391,9 (the “Eximbank Euler Hermes Policy”) for the Seller (which is also referred to herein by the phrase “Eligible Receivable” as defined herein), (iii) the due date of the Receivable, (iv) the proposed purchase date therefore, (vi) the applicable Discount Interest Rate (as defined below), (vii) the purchase price for the Receivable and (viii) copies of all relevant documents as required in accordance with the terms and conditions of the Purchase Request or otherwise by the Purchaser. The Purchaser shall be satisfied, in its sole discretion, with all terms and conditions of the Receivable, the Eximbank Policy Euler Hermes Insurance and other information supplied prior to Purchaser being obligated to purchase the Receivable under the Facility.