Selection of Asset Tranches. The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. Purchaser's Total Investment shall be allocated to each Asset Tranche by the Administrator to reflect the funding sources for the Asset Interest, so that:
Selection of Asset Tranches. The Administrative Agent shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches. The applicable Earned Discount Rate may be different for each Asset Tranche. The Purchaser's Total Investment and aggregate CP Discount shall be allocated to each Asset Tranche by the Administrative Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest, so that:
Selection of Asset Tranches. 6 Section 2.2 Computation of Invested Amount and Purchaser's Tranche Investment............... 7 Section 2.3 Computation of Concentration Limits and Unpaid Balance.......................... 7 Section 2.4 Computation of Earned Discount.................................................. 7 Section 2.5 Estimates of Earned Discount Rate, Fees, etc.................................... 8 Article III Settlements.............................................................................. 9 Section 3.1
Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings, divide the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. The total Invested Amount shall be allocated to the Asset Tranches by the Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested Amount, so that:
Selection of Asset Tranches. 8- SECTION 2.02 Computation of Transferee's Total Investment and Transferee's Tranche Investment...............................................-8- SECTION 2.03 Computation of Concentration Limits and Unpaid Balance...........-9- SECTION 2.04 Liquidity Fundings; Computation of Earned Discount...............-9- SECTION 2.05 Estimates of Earned Discount Rate, Fees, etc.....................-9- ARTICLE III SETTLEMENTS
Selection of Asset Tranches. The Administrator shall, at the reasonable direction of Transferor, and from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings, divide the Asset Interest into Asset Tranches, and the Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. Transferee's Total Investment shall be allocated to each Asset Tranche by the Administrator, on Transferee's behalf to reflect the funding sources for the Asset Interest, so that:
Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche. The total Invested Amount shall be allocated to the Asset Tranches by the Agent, on the Purchaser's behalf to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested Amount, so that:
Selection of Asset Tranches. The Administrative Agent shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches. Prior to the Termination Date, the Administrative Agent, on the Purchaser's behalf, will choose the applicable CP Tranche Periods in consultation with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche. The maturity of each Asset Tranche may also be different. The Purchaser's Total Investment and aggregate of the CP Discounts for the Commercial Paper Notes then outstanding (if applicable) shall be allocated to each Asset Tranche by the Administrative Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Purchaser's Total Investment, and so that:
Selection of Asset Tranches. For purposes of computing Earned Discount, the Seller and the Agent (subject to the limitations set forth herein) shall, upon each Purchase and upon the expiration or termination of the Yield Period applicable to such Asset Tranche, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. Purchaser's Total Investment shall be allocated to each selected Asset Tranche by the Agent to reflect the funding sources for the Asset Interest, so that: (a) there may be one or more Asset Tranches reflecting the portion of the Asset Interest funded by Liquidity Purchases; and (b) there may be one or more Asset Tranches reflecting the portion of the Asset Interest funded by Commercial Paper Notes; provided, that at all times the Purchaser's Total Investment shall be fully allocated to one or more Asset Tranches; and provided, further, that, after the
Selection of Asset Tranches. The Administrator shall, from --------------------------- time to time for purposes of computing Earned Discount, divide the Senior Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. The Senior Investment shall be allocated to each Asset Tranche by the Administrator to reflect the funding sources for the Senior Interest, so that:
