Common use of Rebalancing of Capital Clause in Contracts

Rebalancing of Capital. On the date hereof, the Seller will repay a portion of the outstanding Capital in the amounts specified in the flow of funds memorandum attached hereto as Exhibit A to the Administrator to be distributed to Xxxxx Fargo and MUFG (collectively, the “Reducing Purchasers”); provided that all accrued and unpaid Discount with respect to such Capital so repaid shall be payable by the Seller to the Administrator to be distributed to each Reducing Purchaser, as applicable, on the next occurring Weekly Settlement Date. The Seller hereby requests that PNC, TD Bank and Scotia (collectively, the “Increasing Purchasers”) fund a Purchase on the date hereof in an amount set forth in Exhibit A hereto. Such Purchase shall be funded by the Increasing Purchasers on the date hereof in accordance with the terms of the Receivables Purchase Agreement and upon satisfaction of all conditions precedent thereto specified in the Receivables Purchase Agreement; provided, however, that no Purchase Notice shall be required therefor. For administrative convenience, the Seller hereby instructs the Increasing Purchasers to fund the foregoing Purchase by paying the proceeds thereof directly to the Administrator, to be distributed to the Reducing Purchasers, into the accounts and in the amounts specified in Exhibit A hereto to be applied as the foregoing repayment of each Reducing Purchaser’s Capital (as applicable) on the Seller’s behalf. The Seller shall be deemed to have received the proceeds of such Purchase from the Increasing Purchasers for all purposes immediately upon receipt thereof by each Reducing Purchaser, respectively.

Rebalancing of Capital. On the date hereof, the Seller will repay a portion of the outstanding Capital in the amounts for each Purchaser specified in the flow of funds memorandum attached hereto as Exhibit A to the Administrator to be distributed to Xxxxx Fargo and MUFG (collectively, the “Reducing Purchasers”)B; provided that all accrued and unpaid Discount with respect to such Capital so repaid shall be payable by the Seller to the Administrator to be distributed to each Reducing Purchaser, as applicable, PNC on the next occurring Weekly Settlement Date. The Seller hereby requests that PNC, TD Bank and Scotia (collectively, the “Increasing Purchasers”) Xxxxx Fargo fund a an initial Purchase on the date hereof in an amount set forth in Exhibit A B hereto. Such Purchase shall be funded by the Increasing Purchasers Xxxxx Fargo on the date hereof in accordance with the terms of the Receivables Purchase Agreement and upon satisfaction of all conditions precedent thereto specified in the Receivables Purchase Agreement; provided, however, that no Purchase Notice shall be required therefor. For administrative convenience, the Seller hereby instructs the Increasing Purchasers Xxxxx Fargo to fund the foregoing Purchase by paying the proceeds thereof directly to the Administrator, PNC to be distributed to the Reducing Purchasers, into the accounts and in the amounts specified in Exhibit A B hereto to be applied as the foregoing repayment of each Reducing PurchaserPNC’s Capital (as applicable) on the Seller’s behalf. The Seller shall be deemed to have received the proceeds of such Purchase from the Increasing Purchasers Xxxxx Fargo for all purposes immediately upon receipt thereof by each Reducing Purchaser, respectivelyPNC. PNC shall notify Seller upon receipt of such proceeds from Xxxxx Fargo.

Rebalancing of Capital. On the date hereof, the Seller will repay a portion of the outstanding Capital in the amounts for PNC (the “Reducing Purchaser”) specified in the flow of funds memorandum attached hereto as Exhibit A to the Administrator to be distributed to Xxxxx Fargo and MUFG (collectively, the “Reducing Purchasers”)A; provided that all accrued and unpaid Discount with respect to such Capital so repaid shall be payable by the Seller to the Administrator to be distributed to each Reducing Purchaser, as applicable, on the next occurring Weekly Settlement Date. The Seller hereby requests that PNCRegions, TD Bank Victory, Mizuho, Reliant Trust and Scotia Liberty Street (collectively, the “Increasing Purchasers”) fund a Purchase on the date hereof in an amount set forth in Exhibit A hereto. Such Purchase shall be funded by the each Increasing Purchasers on the date hereof in accordance with the terms of the Receivables Purchase Agreement and upon satisfaction of all conditions precedent thereto specified in the Receivables Purchase Agreement; provided, however, that no Purchase Notice shall be required therefor. For administrative convenience, the Seller hereby instructs the Increasing Purchasers to fund the foregoing Purchase by paying the proceeds thereof directly to the Administrator, to be distributed Reducing Purchaser to the Reducing Purchasers, into the accounts account and in the amounts specified in Exhibit A hereto to be applied as the foregoing repayment of each the Reducing Purchaser’s Capital (as applicable) on the Seller’s behalf. The Seller shall be deemed to have received the proceeds of such Purchase from the Increasing Purchasers for all purposes immediately upon receipt thereof by each the Reducing Purchaser, respectively.

Rebalancing of Capital. On the date hereof, the Seller will repay a portion of the outstanding Capital in the amounts for MUFG and SMBC as specified in the flow of funds memorandum attached hereto as Exhibit A to the Administrator to be distributed to Xxxxx Fargo and MUFG (collectivelyeach, the a “Reducing PurchasersPurchaser”); provided that all accrued and unpaid Discount with respect to such Capital so repaid shall be payable by the Seller to the Administrator to be distributed to each Reducing Purchaser, as applicable, on the next occurring Weekly Settlement Date. The Seller hereby requests that each of PNC, TD Bank Xxxxx, CACIB, Regions and Scotia Mizuho (collectivelyeach, the an “Increasing PurchasersPurchaser”) fund a Purchase on the date hereof in an the applicable amount set forth in Exhibit A hereto. Such Purchase shall be funded by the Increasing Purchasers on the date hereof in accordance with the terms of the Receivables Purchase Agreement and upon satisfaction of all conditions precedent thereto specified in the Receivables Purchase Agreement; provided, however, that no Purchase Notice shall be required therefor. For administrative convenience, the Seller hereby instructs the Increasing Purchasers to fund the foregoing Purchase by paying the proceeds thereof directly to the Administrator, Reducing Purchasers to be distributed to the Reducing Purchasers, into the accounts and in the amounts specified in Exhibit A hereto to be applied as the foregoing repayment of each Reducing Purchaser’s Capital (as applicable) on the Seller’s behalf. The Seller shall be deemed to have received the proceeds of such Purchase from the each Increasing Purchasers Purchaser for all purposes immediately upon receipt thereof by each Reducing Purchaser, respectively.

Rebalancing of Capital. On the date hereof, the Seller will repay a portion of the outstanding Capital in the amounts for each Purchaser specified in the flow of funds memorandum attached hereto as Exhibit A to the Administrator to be distributed to Xxxxx Fargo and MUFG (collectively, the “Reducing Purchasers”)B; provided that all accrued and unpaid Discount with respect to such Capital so repaid shall be payable by the Seller to the Administrator to be distributed to each Reducing PurchaserPNC, Atlantic and CACIB, as applicable, on the next occurring Weekly Settlement Date. The Seller hereby requests that PNC, TD Bank and Scotia (collectively, the “Increasing Purchasers”) Fifth Third fund a an initial Purchase on the date hereof in an amount set forth in Exhibit A B hereto. Such Purchase shall be funded by the Increasing Purchasers Fifth Third on the date hereof in accordance with the terms of the Receivables Purchase Agreement and upon satisfaction of all conditions precedent thereto specified in the Receivables Purchase Agreement; provided, however, that no Purchase Notice shall be required therefor. For administrative convenience, the Seller hereby instructs the Increasing Purchasers Fifth Third to fund the foregoing Purchase by paying the proceeds thereof directly to the AdministratorPNC, Atlantic and CACIB to be distributed to the Reducing Purchasers, into the accounts and in the amounts specified in Exhibit A B hereto to be applied as the foregoing repayment of each Reducing PurchaserPNC’s, Atlantic’s and CACIB’s Capital (as applicable) on the Seller’s behalf. The Seller shall be deemed to have received the proceeds of such Purchase from the Increasing Purchasers Fifth Third for all purposes immediately upon receipt thereof by each Reducing PurchaserPNC, Atlantic and CACIB, respectively. PNC shall notify Seller upon receipt of such proceeds from Fifth Third.