Delayed Purchase Amount definition
Delayed Purchase Amount means a Delayed Funding Purchaser’s Percentage of the Receivables Interest requested in a Purchase Notice for which the Delayed Funding Purchaser intends to delay its purchase in accordance with Section 2.8.
Delayed Purchase Amount is defined in Section 1.2(h).
Examples of Delayed Purchase Amount in a sentence
For the avoidance of doubt, Discount shall not accrue on any Delayed Purchase Amount until the date such Delayed Purchase Amount is funded by the Delayed Funding Purchaser.
No Delayed Funding Purchaser shall be considered to be in default of its obligation to fund its Delayed Purchase Amount hereunder unless and until it has failed to purchase the Delayed Purchase Amount on or before the Delayed Purchase Date.
No Delayed Funding Purchaser shall be considered to be in default of its obligation to fund its Delayed Purchase Amount hereunder unless and until it has failed to fund the Delayed Purchase Amount on or before the Delayed Purchase Date.