Reliant Trust definition
Examples of Reliant Trust in a sentence
On each Settlement Date, Seller shall pay to the applicable Purchaser Agent (for the benefit of the related Conduit Purchaser) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the portion of the Invested Amounts of all Receivable Interests funded by such Conduit Purchaser with Commercial Paper or otherwise funded by Reliant Trust for the Calculation Period then most recently ended in accordance with Article II.
Seller shall pay CP Costs with respect to the Invested Amount of all Receivable Interests funded through the issuance of Commercial Paper or otherwise funded by Reliant Trust.
Solely for purposes of this Section 9.4 (i) the Administrative Agent for Reliant Trust shall be deemed to be the sole Bank Investor for its Related Group having a Commitment equal to the aggregate Commitment of TD Bank and Reliant Trust and (ii) Reliant Trust shall be deemed not to be a Bank Investor.
For purposes of the foregoing, the term "Conduit Investor" shall include Reliant Trust in its capacity as a Bank Investor.
For purposes of the foregoing, the term “Conduit Investor” shall include Reliant Trust in its capacity as a Bank Investor.
Notwithstanding anything to the contrary set forth in this Amendment, Cabot Trail Funding does not accept or assume any liability or responsibility for any breach, failure or other act or omission on the part of Reliant Trust, or any indemnification or other cost, fee or expense related thereto, in each case which occurred or directly or indirectly arose out of an event which occurred prior to the date of effectiveness of this Amendment.
Without limiting the generality of the foregoing, Reliant Trust hereby assigns to Cabot Trail Funding all of its right, title and interest in the Purchased Interest.
On the date hereof, Reliant Trust shall pay to Cabot Trail Funding, in immediately available funds, an amount agreed prior to the date hereof between Reliant Trust and Cabot Trail Funding representing 100.00% of the aggregate Capital of Reliant Trust under the Receivables Purchase Agreement on the date hereof and all accrued but unpaid (whether or not then due) Discount, Fees and other costs and expenses payable in respect of such Capital to but excluding the date hereof (such amount, the “Payoff Amount”).
The parties hereto hereby consent to the joinder of The Toronto-Dominion Bank and Reliant Trust as parties hereto on the terms set forth in clause (a) above, to the non-ratable funding of the foregoing initial Purchase on the terms set forth in clause (b) above, in each case, as set forth above on a one-time basis.
Upon the Reliant Trust’s receipt of the Payoff Amount in its entirety, Reliant Trust hereby sells, transfers, assigns and delegates to Cabot Trail Funding, without recourse, representation 763599696.6 or warranty except as otherwise provided herein, and Cabot Trail Funding hereby irrevocably purchases, receives, accepts and assumes from Reliant Trust, all of Reliant Trust’s rights under, interest in, title to and all its obligations under the Transaction Documents.