The Purchase Facility. Section 2.1 Sale and Delivery of the Class A Notes............................................. 5 Section 2.2 The Purchases...................................................................... 6 Section 2.3 Reduction of the Purchase Limit.................................................... 7 Section 2.4 Increased Costs; Capital Adequacy; Illegality...................................... 7 Section 2.5 Taxes.............................................................................. 9 ARTICLE III
The Purchase Facility. 32 Section 2.1 Purchases of Asset Interests......................................................... 32 Section 2.2 The Initial Purchase and Incremental Purchases....................................... 33 Section 2.3 Reduction of the Purchase Limit...................................................... 33 Section 2.4 Determination of Yield............................................................... 34 Section 2.5 Percentage Evidenced by Asset Interest............................................... 34 Section 2.6 Dividing or Combining Asset Interests................................................ 34 Section 2.7
The Purchase Facility. 23 Section 2.1 Purchases of Asset Interests................................................................23 Section 2.2 The Initial Purchase, Subsequent Purchases and Incremental Purchases........................24 Section 2.3 Reduction of the Purchase Limit; Repurchase.................................................25 Section 2.4 Determination of Yield......................................................................25 Section 2.5 [reserved]..................................................................................25 Section 2.6 Dividing or Combining Asset Interests.......................................................25 Section 2.7 Non-Liquidation Settlement Procedures.......................................................26 Section 2.8 Settlement Procedures Following a Termination Date..........................................27 Section 2.9 Settlement Procedures Following a Restricting Event.........................................28 Section 2.10 Collections and Allocations................................................................30 Section 2.11 Payments, Computations, Etc................................................................30 Section 2.12
The Purchase Facility. 3 Section 2.1
The Purchase Facility. (a) Upon the terms and subject to the conditions set forth in this Agreement, from the Effective Date through the Business Day immediately preceding the Termination Date, the Seller at its discretion agrees to sell to the Program Agent, for the benefit of the Purchasers, undivided percentage ownership interests in the Receivables Assets (ratably based upon their Group Purchase Limits), and each Conduit Purchaser may, in its sole discretion, instruct its related Managing Agent to purchase such undivided percentage ownership interests on its behalf through the Program Agent, and if any Conduit Purchaser in a Purchase Group declines to so purchase, each Committed Purchaser in the related Purchase Group, shall purchase such undivided percentage ownership interests through the Program Agent ratably in accordance with
The Purchase Facility. SECTION 2.01. Purchase of the Purchased Interest. (a). . . . . . . . . . . . . . .16 SECTION 2.02. The Purchase . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 SECTION 2.03.
The Purchase Facility. (a) Upon the terms and subject to the conditions set forth in this Purchase Agreement, from the Effective Date through the Business Day immediately preceding the Termination Date, the Seller agrees to sell, and the Purchaser agrees to buy, undivided percentage ownership interests (as further defined in Annex I, “Purchaser Interests”) in the Receivables Assets.
The Purchase Facility. (a) Upon the terms and subject to the conditions set forth in this Agreement, from the Effective Date through the Business Day immediately preceding the Termination Date, the Seller agrees to sell undivided percentage ownership interests in the Receivables Assets, and the Conduit Purchaser may, in its sole discretion, purchase, and if the Conduit Purchaser declines to so purchase, the Committed Purchasers shall purchase, such undivided percentage ownership interests.
The Purchase Facility. (a) Upon the terms and subject to the conditions set forth in this Agreement, from the Effective Date through the Business Day immediately preceding the Termination Date, the Seller at its discretion agrees to sell to the Purchasers undivided percentage ownership interests in the Receivables Assets (except with respect to the Lock-Box Accounts, with respect to which the Agent shall have a security interest until ownership is conveyed in accordance with Section 6.03 hereof) equal to the Purchased Interest of each respective Purchaser, and each Conduit Purchaser may, in its sole discretion, purchase, and if such Conduit Purchaser fails or declines to so purchase, the related Committed Purchasers shall purchase, such undivided percentage ownership interests.
The Purchase Facility. (a) Upon the terms and subject to the conditions set forth in this Agreement, from the Effective Date through the Business Day immediately preceding the Termination Date, the Seller at its discretion agrees to sell to the Program Agent, for the benefit of the Purchasers, undivided percentage ownership interests in the Receivables Assets (ratably based upon their Group Purchase Limits), and each Conduit Purchaser may, in its sole discretion, instruct its related Managing Agent to purchase such undivided percentage ownership interests on its behalf through the Program Agent, and if any Conduit Purchaser in a Purchase Group declines to so purchase, each Committed Purchaser in the related Purchase Group, shall purchase such undivided percentage ownership interests through the Program Agent ratably in accordance with their respective Committed Purchaser Percentages. Notwithstanding any contrary provisions contained herein, Receivables Capital Corporation will not make any Purchase hereunder on any Business Day which occurs five (5) or fewer Business Days immediately prior to the termination of the Asset Purchase Agreement among Receivables Capital Corporation and its related Liquidity Providers.
