Common use of SPV Payments Limited to Collections Clause in Contracts

SPV Payments Limited to Collections. Notwithstanding any provision contained in this Agreement to the contrary, the Administrative Agent shall not, and shall not be obligated (whether on behalf of the Funding Agents for the benefits of the Conduit Investors or the Alternate Investors, as applicable), to pay any amount to the SPV as the purchase price of Receivables pursuant to subsections (b) and (c) above except to the extent of Collections on Receivables available for distribution to the SPV in accordance with this Agreement. Any amount which the Administrative Agent (whether on behalf of the Funding Agents for the benefit of the Conduit Investors or the Alternate Investors, if applicable) does not pay pursuant to the preceding sentence shall not constitute a claim (as defined in § 101 of the Bankruptcy Code) against or corporate obligation of the Administrative Agent, any Funding Agent or any Investor for any such insufficiency unless and until such amount becomes available for distribution to the SPV under Section 2.12.

SPV Payments Limited to Collections. Notwithstanding any provision contained in this Agreement to the contrary, the Administrative no Managing Agent shall, nor shall not, and shall not be obligated (whether on behalf of the Funding Agents for the benefits of the Conduit Investors applicable Uncommitted Investor or the Alternate InvestorsCommitted Investors in such Managing Agent’s Investor Group) to, as applicable), to pay any amount to the SPV as the purchase price of Receivables pursuant to subsections (b) and (c) above except to the extent of Collections on Receivables available for distribution to the SPV in accordance with this AgreementAgreement (but without otherwise limiting any obligations under Section 2.3). Any amount which the Administrative that any Managing Agent (whether on behalf of the Funding Agents for the benefit of the Conduit Uncommitted Investors or the Alternate Investors, if applicableCommitted Investors in such Managing Agent’s Investor Group) does not pay pursuant to the preceding sentence shall not constitute a claim (as defined in § 101 of the Bankruptcy Code) against or corporate obligation of the Administrative Agent, any Funding such Managing Agent or any Investor for any such insufficiency unless and until such amount becomes available for distribution to the SPV under Section 2.12.

SPV Payments Limited to Collections. Notwithstanding any provision contained in this Agreement to the contrary, the Administrative no Managing Agent shall, nor shall not, and shall not be obligated (whether on behalf of the Funding Agents for the benefits of the Conduit Investors applicable Uncommitted Investor or the Alternate Investors, as applicableCommitted Investors in such Managing Agent’s Investor Group), to pay any amount to the SPV as the purchase price of Receivables pursuant to subsections (b) and (c) above except to the extent of Collections on Receivables available for distribution to the SPV in accordance with this Agreement. Any amount which the Administrative that any Managing Agent (whether on behalf of the Funding Agents for the benefit of the Conduit Uncommitted Investors or the Alternate Investors, if applicableCommitted Investors in such Managing Agent’s Investor Group) does not pay pursuant to the preceding sentence shall not constitute a claim (as defined in § 101 of the Bankruptcy Code) against or corporate obligation of the Administrative Agent, any Funding such Managing Agent or any Investor for any such insufficiency unless and until such amount becomes available for distribution to the SPV under Section 2.12.

SPV Payments Limited to Collections. Notwithstanding any provision contained in this Agreement to the contrary, the Administrative no Managing Agent shall, nor shall not, and shall not be obligated (whether on behalf of the Funding Agents for the benefits of the Conduit Investors applicable Uncommitted Investor or the Alternate Investors, as applicableCommitted Investors in such Managing Agent’s Investor Group), to pay any amount to the SPV as the purchase price of Receivables pursuant to subsections (b) and (c) above except to the extent of Collections on Receivables available for distribution to the SPV in accordance with this AgreementAgreement (but without otherwise limiting any obligations under Section 2.3). Any amount which the Administrative that any Managing Agent (whether on behalf of the Funding Agents for the benefit of the Conduit Uncommitted Investors or the Alternate Investors, if applicableCommitted Investors in such Managing Agent’s Investor Group) does not pay pursuant to the preceding sentence shall not constitute a claim (as defined in § 101 of the Bankruptcy Code) against or corporate obligation of the Administrative Agent, any Funding such Managing Agent or any Investor for any such insufficiency unless and until such amount becomes available for distribution to the SPV under Section 2.12.