The Purchases Sample Clauses

The Purchases. (a) Each Originator hereby sells, transfers, assigns and otherwise conveys to the Purchaser as of the Initial Closing Date without recourse, all of its right, title and interest in and to (i) each Premium Finance Agreement (including the power of attorney included therein) that have an Aggregate Receivable Balance as of the day prior to the Initial Closing Date and which as of its Cut Off Date satisfies the eligibility criteria set forth in the definition of "Eligible Receivables" in the Pooling and Servicing Agreement (the "Initial Receivables"), (ii) the Originator's security interest in the related Unearned Premiums, (iii) all monies due or to become due with respect to each such Initial Receivable on or after its Cut Off Date, including all monies received from insurance companies and state insurance guaranty funds representing returns of Unearned Premiums, the proceeds from any guarantees issued by insurance agents in respect of the Receivables and other charges, refunds and rebates due on such Receivables and, (iv) all proceeds of all of the foregoing (the property described in clauses (i) - (iv) above being, the "Conveyed Property").
The Purchases. (a) Subject to the conditions described in Section 2.1, the initial Purchase shall be made in accordance with the procedures described in Section 2.2(b). After the date of the initial Purchase, until the occurrence of the Termination Date, the Purchasers shall make subsequent Purchases in accordance with the provisions of the Indenture, but subject to the provisions of Section 2.1(b) and Section 2.2 hereof.
The Purchases. From time to time during the Effective Period, the Seller may request that the Purchaser purchase from the Seller Eligible Receivables, together with the Related Assets with respect thereto, by delivery to the Purchaser of a properly completed Purchase Request. The Purchaser shall advise the Seller within five Business Days whether it wishes in its sole discretion to buy all of such Eligible Receivables, together with the Related Assets, on the terms set forth in such Purchase Request. This Agreement and the Purchase Requests shall evidence the terms and understanding of the parties with respect to any such purchase of Eligible Receivables, together with the Related Assets. All income, gains, profits, and losses with respect to each Eligible Receivable purchased hereunder shall be the property of the Purchaser.
The Purchases. Upon the terms and subject to the conditions set forth in this Agreement, at the Initial Closing and the Subsequent Closings, the Pequot Entities shall purchase from the Company and the Company shall sell to the Pequot Entities, the number of shares of Series D Preferred Stock and Warrants set forth opposite such entity's name on Exhibit B-1 (the "Initial Purchase"), Exhibit B-2 (the "Second Purchase") and Exhibit B-3 (the "Third Purchase" and, together with the Second Purchase, the "Subsequent Purchases"), respectively (the Initial Purchase and the Subsequent Purchases collectively, the "Purchases"), at the purchase price set forth opposite such entity's name on each exhibit. The aggregate purchase price to be paid by the Pequot Entities for the Series D Preferred Stock and Warrants purchased by them hereunder is set forth on Exhibit X-0, X-0 and B-3, as the case may be, as "Total Purchase Price" (collectively, the "Purchase Price").
The Purchases. LWK shall sell its 1% general partner interest and BMHC shall purchase the general partner interest. LWK shall sell its 49% limited partner interest and L&H shall sell its 1% limited partner interest and Framing shall purchase the collective 50% limited partner interests. As a result, BMHC will hold a 1% general partner interest and Framing will hold a 99% limited partner interest in the Partnership upon consummation of the purchases.
The Purchases. (a) Each Originator does hereby sell, transfer, assign, and otherwise convey to the Purchaser, without recourse, all of its right, title and interest in, to and under (collectively, the "PURCHASES"):
The Purchases. The Purchases. () Each Originator hereby transfers, assigns, and otherwise conveys to the Purchaser without recourse, all of its right, title and interest in and to (i) the Receivables identified on the Receivable Schedule delivered to the Purchaser on the Initial Closing Date, (ii) all monies due or to become due with respect to such Receivables, including all monies received from insurance companies and state insurance guaranty funds representing returns of Unearned Premiums and other charges due on such Receivables, and, (iii) all proceeds of all of the foregoing (the property described in clauses (i) - (iii) above being, the "Conveyed Property").
The Purchases. Upon the terms and subject to the conditions set forth in this Agreement, at the Initial Closing and the Subsequent Closing, the Pequot Entities shall purchase from the Company, and the Company shall sell to the Pequot Entities, the number of shares of Series D Preferred Stock and Warrants set forth opposite such entity's name on Exhibit B- I (the "Initial Purchase") and Exhibit B-2 (the "Subsequent Purchase"), respectively (collectively, the "Purchases"), at the purchase price set forth opposite such entity's name on each exhibit. The aggregate purchase price to be paid by the Pequot Entities for the Series D Preferred Stock and Warrants purchased by them hereunder is set forth on Exhibit B-1 and B-2, as the case may be, as "Total Purchase Price" (collectively, the "Purchase Price").
The Purchases. (a) On each Purchase Date, subject to satisfaction of the applicable conditions set forth in Exhibit II hereto, the Purchaser shall make available to the Provider in same day funds, at the Provider Account, an amount equal to the Initial Disbursement of the Purchased Batch. The Initial Disbursement for such Purchased Batch plus the Residual Amounts (representing the deferred purchase price with respect thereto) payable on the dates set forth in Section 1.04(c), shall constitute the "Purchase Price" with respect to such Purchased Batch. Reference is made to Exhibit XIII hereto for a numerical example (for illustrative purposes only) of the manner of calculation of the Initial Disbursement and the Residual Amounts for a Purchased Batch.
The Purchases. (a) On the terms and subject to the conditions hereof, the Seller hereby agrees to sell and assign and hereby sells, assigns and transfers to each Purchaser, and each Purchaser hereby agrees to purchase and accept and hereby purchases and accepts from the Seller, a pro rata share (calculated as such Purchaser’s Invested Amount as a percentage of the Aggregate Invested Amount) in all Portfolio Receivables, together with all Related Security and Collections and all proceeds of or payments in respect of any and all of the foregoing, in each case existing on the date of the initial Incremental Investment hereunder or thereafter arising and acquired by the Seller from time to time prior to the Facility Termination Date (in the aggregate, the “Portfolio”). For administrative convenience, the Purchasers have appointed the Administrative Agent pursuant to Section 8 to take actions hereunder and under the other Transaction Documents with respect to the Portfolio on behalf of the Purchasers in each Purchaser Group in accordance with the respective portions of the Portfolio funded by that Purchaser Group from time to time. For the avoidance of doubt, the Administrative Agent shall have no right, title or interest in the Portfolio but shall act as an agent on behalf of the Purchasers with respect to the Portfolio for the benefit of each individual Purchaser in accordance to such Purchaser’s pro rata share, calculated as such Purchaser’s Invested Amount as a percentage of the Aggregate Invested Amount.