A-2 Purchasers definition
Examples of A-2 Purchasers in a sentence
In addition, the Issuer agrees to pay to the Administrative Agent, for the account of itself or the Agents and Class A-2 Purchasers, as the case may be, the amounts set forth in Section 1 of the Supplemental Fee Letter entered into on the Closing Date between the Issuer and the Administrative Agent at the times specified therein.
Each determination of the Commercial Paper Rate, the Alternative Rate and the Prime Rate by the Administrative Agent or an Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Class A-2 Purchasers, the Issuer, the Administrative Agent, the Servicer and the Trustee in the absence of manifest error.
Each Class A-2 Purchaser hereby acknowledges and agrees that (A) any such Participation will not alter or affect such Class A-2 Purchaser's direct obligations hereunder, and (B) neither the Trustee, the Issuer, the Trust Collateral Agent, the Backup Servicer, any Seller nor the Servicer shall have any obligation to have any communication or relationship with any Participant.
To the extent that any provision of this Article 7 with respect to the relationship between an Agent and the Class A-2 Purchasers in its Purchaser Group conflicts with any agreement between such Class A-2 Purchasers and such Agent set forth in any agreement with respect to a Support Facility, the terms of such other agreement will control.
Any Transfer of an interest in a Class A-2 Note otherwise permitted by this Section 8.1 will be permitted only if it consists of a pro rata percentage interest in all payments made with respect to the Class A-2 Purchaser's beneficial interest in such Class A-2 Note.
Upon the occurrence of an Event of Default (other than an Event of Default described in Section 5.1(iii) or (iv) of the Indenture), the Administrative Agent may with the consent of the Majority Class A-2 Purchasers, and, at the direction of the Majority Class A-2 Purchasers, the Administrative Agent shall declare the Purchase Termination Date to have occurred, whereupon the Commitments of the Committed Purchasers, if any, hereunder shall terminate.
This Agreement and the Supplemental Fee Letters, as applicable, represent the agreement of AFC (individually and as Seller), AmeriCredit (individually, as Seller and as Servicer), the Issuer, the Administrative Agent, the Agents and the Class A-2 Purchasers with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any party hereto relative to subject matter hereof not expressly set forth or referred to herein or therein or in the Related Documents.
Each determination by a CP Conduit of its applicable Commercial Paper Rate pursuant to this Agreement shall be conclusive and binding on the Class A-2 Purchasers, each Agent, the Administrative Agent, the Issuer, the Servicer and the Trustee in the absence of manifest error.
Any Agent may resign as Agent upon ten days' notice to the Class A-2 Purchasers in its Purchaser Group, the Administrative Agent and each other Agent, the Trustee, the Sellers and the Servicer with such resignation becoming effective upon a successor agent succeeding to the rights, powers and duties of the Agent pursuant to this Section 7.
Payments of the Class A-2 Commitment Fee shall be allocated and paid to the Agent for each Purchaser Group pro rata based on the aggregate Commitments of the Class A-2 Purchasers in such Purchaser Group.