Pass-Through Transaction definition
Pass-Through Transaction means a transaction consistent with the historical practices of the Loan Parties as of the Closing Date whereby one or more of the members of the Operating Group acquire title to Receivables using solely the proceeds of an equity Investment in, or incurrence of Indebtedness by, DAP I or DAP IV from investors and/or lenders (other than a Loan Party, a Permitted Holder or an Affiliate of any of the foregoing Persons) for the purpose of disposing of such Receivables to DAP I or DAP IV substantially contemporaneously with such acquisition.
Pass-Through Transaction means a transaction whereby a Client acquires Programs and related services directly from Oracle in conjunction with and solely for use with KPMG's Integrated System and whereby KPMG pays to Oracle the applicable fees, subject to the terms of Section 2.4.
Examples of Pass-Through Transaction in a sentence
With respect to each Pass-Through Transaction, KPMG shall have the nonexclusive right to submit a purchase order to Oracle for Oracle Programs and related services for use in the Territory only by the Client (an "Order").
The Senior Lender may, subject to compliance with applicable law, sell, assign, transfer, or otherwise dispose of all or any part of the Senior Lender's rights and benefits under each of the Notes, the Loan Documents and the Intercompany Loan Documents in a Pass-Through Transaction or otherwise or grant participations in the Notes.