Rebalancing of Purchaser Group Investments Clause Samples
Rebalancing of Purchaser Group Investments. With respect to each Receivable Pool, the Sellers hereby request a one-time non-ratable reduction of Investment from each Pool Assigning Purchaser and a one-time non-ratable Purchase from each Pool Assignee Purchaser, in amounts with respect to each Pool Assigning Purchaser and Pool Assignee Purchaser, as applicable, such that, after giving effect to such reductions and Purchases, each Purchaser Group’s Purchaser Group Investment with respect to such Receivable Pool shall be equal to such Purchaser Group’s Ratable Share (after giving effect to the adjustments set forth in this Agreement, as applicable) in respect of such Receivable Pool times the Purchaser’s Pool Investment in respect of such Receivable Pool. All accrued and unpaid Yield and fees with respect to such Investments so reduced shall be payable by the Sellers on the next occurring Settlement Date. For administrative convenience, the Sellers hereby instruct Pool Assignee Purchasers to fund the foregoing Purchases by paying the proceeds thereof directly to the Pool Assigning Purchasers as the foregoing reduction in Investment of the Pool Assigning Purchasers on the Sellers’ behalf and as detailed on the final flow of funds memorandum delivered on the Third Restatement Date. For purposes of this paragraph the following terms shall have the following meanings:
