Purchase Facility definition

Purchase Facility has the meaning set forth in Section 1.1 of the Sale Agreement.

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Purchase Facility means the receivables purchase facility evidenced by this Agreement.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Restricted Subsidiary of the Company sells Receivables to a financial institution, commercial paper facility, conduit or Securitization Entity and retains a right of first refusal upon the subsequent resale of such Receivables by such financial institution, commercial paper facility, conduit or Securitization Entity.

Examples of Purchase Facility in a sentence

• Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Company (and not the Servicer), with the prior written consent of the Administrator, shall have the option, by notice to the Originators (with a copy to the Administrator and the Purchaser Agents), to declare the Purchase Facility to be terminated.

• The “Purchase and Sale Termination Date” shall be the earliest to occur of (a) the date the Purchase Facility is terminated pursuant to Section 8.2 and (b) the Final Payout Date.

• Upon any termination of the Purchase Facility pursuant to Section 8.2(a), the Company shall have, in addition to all other rights and remedies under this Agreement, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative.

More Definitions of Purchase Facility

Purchase Facility has the meaning specified in Section 1.1 of this Agreement.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Restricted Subsidiary sells Receivables to a financial institution, commercial paper facility or conduit and retains a right of first refusal or other repurchase arrangement upon the subsequent resale of such Receivables by such financial institution, commercial paper facility or conduit.

Purchase Facility means any Warehouse Facility in the form of a purchase and sale facility pursuant to which the Company or a Restricted Subsidiary of the Company sells Receivables to a financial institution and retains a right of first refusal upon the subsequent resale of such Receivables by such financial institution.

Purchase Facility has the meaning set forth in SECTION 1.1 of the Sale Agreement.

Purchase Facility. As used herein, “Cut-Off Date” means (a) with respect to each Originator party hereto on the date hereof, February 28, 2019, and (b) with respect to any Originator that first becomes a party hereto after the date hereof, the Business Day immediately prior to the date on which such Originator becomes a party hereto or such other date as the Buyer and such Originator agree to in writing.

Purchase Facility means the Mortgage Loan Purchase and Sale Agreement of even date herewith between Borrower and Lender.

Purchase Facility means ▇▇▇▇▇’s commitment hereunder to purchase and accept contributions of Receivables and Related Assets pursuant to the terms and conditions herein.