Purchase Failure definition

Purchase Failure means a failure by a Purchaser, for any reason, to purchase any Loan allocated to such Purchaser by Company pursuant to Section 2.3(a) as required by the applicable Loan Purchase Agreement.
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Purchase Failure has the meaning provided in Section 2.2(e).
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Purchase Failure means a failure by a Purchaser, for any reason, to purchase any Loan allocated to such Purchaser by Company pursuant to S ection 2.3(a) as required by the applicable Loan Purchase Agreement.
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Examples of Purchase Failure in a sentence

  • Attach the copy of the Plan Purchase Failure to do so may result in significant service delays when You have a Claim.

  • In that event, subject to compliance with Section 2.2(d), the Proposed Transferor shall be entitled, in its sole discretion, to either proceed with the sale to the Proposed Transferee, or allocate the Offered Shares among the Proposed Transferee and any Shareholder allocated Offering Shares that did not result in a Purchase Failure.

  • If a Purchase Failure occurs with respect to a Third-Party Purchaser that is not cured within three (3) Business Days, Company or another Purchaser designated by Company may purchase such Loans.

  • If any such Loans have not been purchased by Company or its designated Purchaser for the full Purchase Price within three (3) Business Days of receiving notice of such Purchase Failure, Bank may sell such Loans to a third party or choose to retain such Loans.

  • If any such Loans have not been purchased by Company for the full Purchase Price within three (3) Business Days of receiving notice of such Purchase Failure, Bank may sell such Loans to a third party or choose to retain such Loans.

  • If a Purchase Failure occurs under a Loan Purchase Agreement with a Purchaser that is not cured within three (3) Business Days, Company (if not the Purchaser) shall purchase Loans affected by the Purchase Failure within three (3) Business Days.

  • In addition to the foregoing and not in lieu thereof, following the date of the Florida Launch (as defined below), upon the occurrence of any Minimum Purchase Failure, OEC shall be permanently released from any and all exclusivity provisions set forth in the JMDA and shall be permitted to sell product in any amount to any party without restriction.

  • In the event that any Shareholder allocated Offered Shares pursuant to this Section 2.2(e) fails to consummate the purchase of the Offered Shares in accordance with this Agreement (in this paragraph, a “Purchase Failure”), then the Proposed Transferor shall reallocate the Offered Shares pursuant to Section 2.2(e)(i) and (ii), unless, after excluding those Offered Shares covered by the Purchase Failure, there remain valid offers for less than all of the Offered Shares.


More Definitions of Purchase Failure

Purchase Failure has the meaning given to that term in Section 4.3.
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Related to Purchase Failure

  • Price Failure means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed the Floor Price (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period.

  • Volume Failure means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $2,000,000.