Examples of BTMU Conduit in a sentence
On the date hereof, BTMU, as Agent for the BTMU Conduit Group, shall have received, pursuant to the terms and conditions of the Purchase Agreement, an Aggregate Reduction of Aggregate Capital in an amount equal to $20,847,500 (the “Capital Reduction”).
Payment by the Seller to the BTMU Conduit and the BTMU Purchaser Agent, as applicable, of the BTMU Settlement Date Payment in accordance with this Section 2(a) shall be made in accordance with the terms of Sections 1.4 and 2.2 of the Purchase Agreement.
Without limiting the generality of this Section 14.13, each Purchaser and each Purchaser Agent hereby acknowledges and consents to any and all BTMU Roles and agrees that in connection with any BTMU Role, BTMU may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for the BTMU Conduit.
The BTMU Conduit, solely with respect to Section 2(a) above, hereby represents and warrants to each member of the RBC Purchaser Group that, as of the date hereof, it is the sole owner of the rights, title and interest in and to the interests being transferred by it hereunder free of any Adverse Claims created by or through it.
Payment by the RBC Conduit to the BTMU Conduit of an amount equal to the Assigned BTMU Capital in accordance with this Section 2(a) shall be made in accordance with the wire instructions set forth on Schedule I hereto.
At or before noon (New York time) on the date hereof, the RBC Conduit shall pay to the BTMU Conduit, in immediately available funds, an amount equal to a portion of the aggregate outstanding Capital of the BTMU Conduit as of the date hereof, as set forth more specifically on Schedule I hereto (such amount, the “Assigned BTMU Capital”).
Following receipt of a Purchase Notice, Agent will promptly notify the BTMU Conduit of such Purchase Notice, each Purchaser Agent will promptly notify the Conduit in such Purchaser Agent’s Purchaser Group of such Purchase Notice and Agent and each Purchaser Agent will identify the Conduits that agree to make the Purchase.
BTMU, as a Financial Institution and as a Purchaser Agent, and the BTMU Conduit (collectively, the “BTMU Purchaser Group”), the Agent, the Seller and the Servicer are parties to that certain Third Amended and Restated Receivables Purchase Agreement (as amended, modified, restated or otherwise supplemented through the date hereof, the “Purchase Agreement”).