Purchaser hereunder. Each affected Class A-2 Purchaser hereby agrees to take all actions necessary to permit a Replacement Purchaser to succeed to its rights and obligations hereunder. Notwithstanding the foregoing, (i) if the Class A-2 Purchaser being replaced pursuant to this subsection is a Committed Purchaser, the Replacement Purchaser shall be acceptable to the related CP Conduit and (ii) if the Class A-2 Purchaser being replaced pursuant to this subsection is a CP Conduit, the Replacement Purchaser shall be acceptable to all related Committed Purchasers; and it shall be a condition of such replacement Committed Purchaser that such Replacement Purchaser enter into substitute Support Facilities for those to which the Class A-2 Purchaser being replaced is a party on terms mutually acceptable to the parties thereto. In the event that a proposed Replacement Purchaser designated by the Issuer and approved by the applicable Agent and the Administrative Agent as provided in this subsection is not acceptable to the applicable CP Conduit or the applicable Committed Purchasers, as applicable, or has not within a reasonable period entered into applicable Support Facilities, and another replacement Class A-2 Purchaser has not been promptly procured as provided in this subsection with the consent of all affected parties, then any Class A-2 Purchaser which failed to consent to such replacement or to enter into such Support Facilities may be replaced by a Replacement Purchaser as provided in this subsection.
Appears in 2 contracts
Sources: Class a 2 Note Purchase Agreement (Americredit Corp), Class a 2 Note Purchase Agreement (Americredit Corp)
Purchaser hereunder. Each affected Class A-2 A-1 Purchaser hereby agrees to take all actions necessary to permit a Replacement Purchaser to succeed to its rights and obligations hereunder. Notwithstanding the foregoing, (i) if the Class A-2 A-1 Purchaser being replaced pursuant to this subsection is a Committed Purchaser, the Replacement Purchaser shall be acceptable to the related CP Conduit and (ii) if the Class A-2 A-1 Purchaser being replaced pursuant to this subsection is a CP Conduit, the Replacement Purchaser shall be acceptable to all related Committed Purchasers; and it shall be a condition of such replacement Committed Purchaser that such Replacement Purchaser enter into substitute Support Facilities for those to which the Class A-2 A-1 Purchaser being replaced is a party on terms mutually acceptable to the parties thereto. In the event that a proposed Replacement Purchaser designated by the Issuer and approved by the applicable Agent and the Administrative Agent as provided in this subsection is not acceptable to the applicable CP Conduit or the applicable Committed Purchasers, as applicable, or has not within a reasonable period entered into applicable Support Facilities, and another replacement Class A-2 A-1 Purchaser has not been promptly procured as provided in this subsection with the consent of all affected parties, then any Class A-2 A-1 Purchaser which failed to consent to such replacement or to enter into such Support Facilities may be replaced by a Replacement Purchaser as provided in this subsection.
Appears in 2 contracts
Sources: Class a 1 Note Purchase Agreement (Americredit Corp), Class a 1 Note Purchase Agreement (Americredit Corp)
Purchaser hereunder. Each affected Class A-2 Purchaser hereby agrees to take take, at the Issuer's expense, all actions necessary to permit a Replacement Purchaser to succeed to its rights and obligations hereunder. Notwithstanding the foregoing, (i) if the Class A-2 Purchaser being replaced pursuant to this subsection is a Committed Purchaser, the Replacement Purchaser shall be acceptable to such the related CP Conduit and (ii) if the Class A-2 Purchaser being replaced pursuant to this subsection is a CP Conduit, the Replacement Purchaser shall be acceptable to all related Committed Purchasers; and it shall be a condition of such replacement Committed Purchaser that such Replacement Purchaser enter into substitute Support Facilities for those to which the Class A-2 Purchaser being replaced is a party on terms mutually acceptable to the parties thereto. In the event that a proposed Replacement Purchaser designated by the Issuer and approved by the applicable Agent and the Administrative Agent as provided in this subsection is not acceptable to the applicable CP Conduit or the applicable Committed Purchasers, as applicable, or has not within a reasonable period entered into applicable Support Facilities, and another replacement Class A-2 Purchaser has not been promptly procured as provided in this subsection with the consent of all affected parties, then any Class A-2 Purchaser which failed to consent to such replacement or to enter into such Support Facilities may be replaced by a Replacement Purchaser as provided in this subsection.
Appears in 2 contracts
Sources: Class a 2 Note Purchase Agreement (Americredit Corp), Class a 2 Note Purchase Agreement (Americredit Corp)
Purchaser hereunder. Each affected Class A-2 A-1 Purchaser hereby agrees to take , at the Issuer's expense, all actions necessary to permit a Replacement Purchaser to succeed to its rights and obligations hereunder. Notwithstanding the foregoing, (i) if the Class A-2 A-1 Purchaser being replaced pursuant to this subsection is a Committed Purchaser, the Replacement Purchaser shall be acceptable to the related CP Conduit and (ii) if the Class A-2 A-1 Purchaser being replaced pursuant to this subsection is a CP Conduit, the Replacement Purchaser shall be acceptable to all related Committed Purchasers; and it shall be a condition of such replacement Committed Purchaser that such Replacement Purchaser enter into substitute Support Facilities for those to which the Class A-2 A-1 Purchaser being replaced is a party on terms mutually acceptable to the parties thereto. In the event that a proposed Replacement Purchaser designated by the Issuer and approved by the applicable Agent and the Administrative Agent as provided in this subsection is not acceptable to the applicable CP Conduit or the applicable Committed Purchasers, as applicable, or has not within a reasonable period entered into applicable Support Facilities, and another replacement Class A-2 A-1 Purchaser has not been promptly procured as provided in this subsection with the consent of all affected parties, then any Class A-2 A-1 Purchaser which failed to consent to such replacement or to enter into such Support Facilities may be replaced by a Replacement Purchaser as provided in this subsection.
Appears in 2 contracts
Sources: Class a 1 Note Purchase Agreement (Americredit Corp), Class a 1 Note Purchase Agreement (Americredit Corp)