CP Unit definition

CP Unit means any right to payment, whether constituting an account, chattel paper, instrument or general intangible, arising from Contracts.
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Examples of CP Unit in a sentence

  • Each Contract or CP Unit included in the Pool Balance as an Eligible Contract or Eligible CP Unit on the date of any Manager Report or any Loan shall be an Eligible Contract or Eligible CP Unit (as applicable) on such date.

  • Permit, for any Fiscal Quarter, (i) CPU Cash Flow for all CP Units to be less than Q, where Q equals $2,250,000 times P divided by $30,000,000; P being the maximum amount of Loans outstanding at any time during such Fiscal Quarter; or (ii) CPU Cash Flow for each CP Unit during any Fiscal Quarter to be less than $4,000 (in the case of Centocor Class A Payment Rights), $8,000 (in the case of Centocor Class C Payment Rights) or $14,000 (in the case of Amgen Payment Rights).

  • As a condition of receiving any CP Units, the CP Unit Holders will agree to the terms of the lock-up agreement substantially in the form of Exhibit D-1 hereto.

  • Any and all programs used by the Borrower in the servicing of the CP Unit Pool are owned by it and not leased or licensed, except for programs readily available to the Collateral Agent over the counter at a reasonable cost.