Common use of Commitments to Purchase; Limits on Purchasers’ Obligations Clause in Contracts

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount would exceed $ 130,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of (i) the Purchaser's Total Investment at such time and (ii) the aggregate of the CP Discount Discounts of all Commercial Paper Notes then outstanding would exceed $ 130,000,000 $50,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount would exceed $ 130,000,000 (as adjusted pursuant to Section 3.2(b)) $75,000,000 (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.1 1.01 shall have a purchase price equal to at least $1,000,000 500,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "Purchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, based upon the most recent Information Package delivered pursuant to the first sentence of Section 3.1(a), either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount Invested Amount would exceed $ 130,000,000 $75,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, Interest would exceed 100% (the "Allocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PurchasePURCHASE"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of (i) the Purchaser's Total Investment Invested Amount and aggregate CP Discount (ii) the Aggregate Accruals would exceed $ 130,000,000 $35,000,000 (as adjusted pursuant to Section 3.2(b)) (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000100,000 .

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article ARTICLE V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PurchasePURCHASE"); provided PROVIDED that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount Invested Amount would exceed $ 130,000,000 200,000,000 (as adjusted pursuant to Section SECTION 3.2(b)) (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section SECTION 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article ARTICLE V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PurchasePURCHASE"); provided PROVIDED that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount would exceed $ 130,000,000 the lesser of (as adjusted pursuant to Section 3.2(b)1) $50,000,000 and (2) 84% TIMES the Net Pool Balance (the "Purchase LimitPURCHASE LIMIT"), or (b) the Asset Purchased Interest, expressed as a percentage of Net Pool BalanceBalance (as of the Cut-Off Date for the Settlement Date on which such Purchase is made), would exceed 100% (the "Allocation LimitALLOCATION LIMIT"); and providedPROVIDED, further FURTHER that each Purchase made pursuant to this Section 1.1 1.01 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,0001,000,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser Purchasers purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser Blue Ridge and Victory shall make such purchase (each being a "“Purchase"”); provided that no Purchase shall be made by the any Purchaser if, after giving effect thereto, based upon the most recent Information Package delivered pursuant to the first sentence of Section 3.1(a), either (a) the then sum of the Purchaser's Total Investment and aggregate CP Discount Invested Amount would exceed $ 130,000,000 $135,000,000 (as such amount may be adjusted pursuant to Section 3.2(b)) (, the "“Purchase Limit"”), or (b) such Purchaser Group’s Purchaser Group Invested Amount would exceed the related Purchaser Group Limit or (c) the Asset Interest, expressed as a percentage of Net Pool Balance, Interest would exceed 100% (the "“Allocation Limit"”); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000.