Common use of Making Purchases Clause in Contracts

Making Purchases. (a) Each purchase by Atlantic or the Banks shall be made on at least three Business Days' notice from the Seller to the Agent. Each such notice of a purchase shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $1,000,000, being referred to herein as the initial "Capital" of the Receivable Interest then being purchased), (ii) the date of such purchase (which shall be a Business Day), and (iii) the requested duration of the initial Fixed Period for such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic has determined to make a purchase and, if so, whether all of the terms specified by the Seller are acceptable to Atlantic. If Atlantic has determined not to make a proposed purchase, the Agent shall promptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex or cable specifying the date of such purchase, each Bank's Percentage multiplied by the aggregate amount of Capital of Receivable Interest being purchased, whether the Yield for the Fixed Period for such Receivable Interest is calculated based on the Eurodollar Rate (which may be selected by the Seller only if the notice referred to in the first sentence of this Section is given at least three Business Days prior to the purchase date) or the Alternate Base Rate, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).

Making Purchases. (a) Each purchase by Atlantic Gramercy or the Banks shall be made on a Settlement Date on at least three two Business Days' notice from the Seller to the Agent. Each such notice of a purchase shall be in the form of Annex J and shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $1,000,000, being referred to herein as the initial "Capital" of the Receivable Interest then being purchased), and (ii) the date of such purchase (which shall be a Business Day), and (iii) the requested duration of the initial Fixed Period for such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic Gramercy has determined to make a purchase and, if so, whether all of the terms specified by the Seller are acceptable to AtlanticGramercy. If Atlantic Gramercy has determined not to make a proposed purchase, the Agent shall promptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex or cable specifying the date of such purchase, each Bank's Percentage multiplied by the aggregate amount of Capital of Receivable Interest being purchased, whether the Yield for the Fixed Period for such Receivable Interest is calculated based on the Eurodollar Rate (which may be selected by the Seller only if the such notice referred to in the first sentence of this Section is given at least three two Business Days prior to the purchase date) or the Alternate Base Rate, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).

Making Purchases. (a) Each incremental purchase by Atlantic XXXXXX or the Banks shall be made on at least three Business Days' ’ notice from the Seller to the Agent; provided that no more than 5 purchases shall be made in any one calendar month. Each such notice of a an incremental purchase shall be in the form attached hereto as Annex G and shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $1,000,0005,000,000, being referred to herein as the initial "“Capital" ” of the Receivable Interest then being purchased), ) and (ii) the date of such incremental purchase (which shall be a Business Day), and (iii) the requested duration of the initial Fixed Period for such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic XXXXXX has determined to make a such purchase and, if so, whether all of the terms specified by the Seller are acceptable to AtlanticXXXXXX. If Atlantic XXXXXX has determined not to make a proposed purchase, the Agent shall promptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex telecopier or cable other electronic means specifying the date of such purchase, each Bank's ’s Percentage multiplied by the aggregate amount of Capital of Receivable Interest being purchased, whether the Yield for the Fixed Period for such Receivable Interest is calculated based on the Eurodollar Rate (which may be selected by the Seller only if the such notice referred to in the first sentence of this Section is given at least three Business Days prior to the purchase date) or the Alternate Base Rate, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).

Making Purchases. (a) Each purchase by Atlantic CIESCO or the Banks shall be made on at least three one Business Days' notice from Day's notxxx xxom the Seller to the Agent. Each such notice of a purchase shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $1,000,000, being referred to herein as the initial "Capital" of the Receivable Interest then being purchased), (ii) the date of such purchase (which shall be a Business Day), and (iii) if the requested Assignee Rate based on the Eurodollar Rate is to apply to such Receivable Interest, the duration of the initial Fixed Period for such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic CIESCO has determined to make a purchase and, if so, whether all of the terms xxx xxrms specified by the Seller are acceptable to AtlanticCIESCO. If Atlantic Xx XXXSCO has determined not to make a proposed purchase, the Agent shall promptly shaxx xxxmptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex or cable specifying the date of such purchase, each Bank's Percentage multiplied by the aggregate amount of Capital of Receivable Interest being purchased, whether the Yield for the Fixed Period for such Receivable Interest is calculated based on the Eurodollar Rate (which may be selected by the Seller only if the such notice referred to in the first sentence of this Section is given at least three Business Days prior to the purchase date) or the Alternate Base Rate, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).

Making Purchases. (a) Each incremental purchase by Atlantic or of a Receivable Interest (including any purchase made upon the Banks expiration of a Fixed Period) shall be made on at least three Business Days' ’ notice from the Seller to the Agent. Each such notice Purchase Request shall be in the form of a purchase Annex A and shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $1,000,000, being referred to herein as the initial "“Capital" ” of the each Receivable Interest then being purchased), (ii) the date of such purchase (which shall be a Business Day), ) and (iii) the requested desired duration of the initial Fixed Period for each such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic the Issuer has determined to make a purchase and, if so, whether all of the terms specified by the Seller are acceptable to Atlanticthe Issuer. If Atlantic the Issuer has determined not to make a proposed purchase, the Agent shall promptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex or cable specifying the date of such purchase, each Bank's ’s Percentage multiplied by the aggregate amount of Capital of the Receivable Interest Interests being purchased, whether the Yield Assignee Rate for the Fixed Period for such Receivable Interest is calculated based on the Eurodollar Rate (which may be selected by the Seller only if the notice referred to in the first sentence of this Section is given at least three Business Days prior to the purchase date) or the Alternate Base RateInterest, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).

Making Purchases. (a) Each incremental purchase by Atlantic the Investors or the Banks shall be made on at least three (3) Business Days' notice from the Seller to the Agent; provided that no more than five (5) purchases shall be made in any one calendar month. Each such notice of a an incremental purchase shall be in the form attached hereto as Annex G and shall specify (i) the amount requested to be paid to the Seller (such amount, amount of the incremental purchase (which shall not be less than $1,000,0005,000,000, being referred to herein as the initial "Capital" of the Receivable Interest then being purchased), and (ii) the date of such incremental purchase (which shall be a Business Day), and (iii) the requested duration of the initial Fixed Period for such Receivable Interest. The Agent shall promptly thereafter notify the Seller whether Atlantic has any or all of the Investors have determined to make a such purchase and, if so, whether all of the terms specified by the Seller are acceptable to Atlanticsuch Investors. If Atlantic an Investor has determined not to make a proposed purchase, the Agent shall promptly send notice of the proposed purchase to all of the Banks concurrently by telecopier, telex telecopier or cable other electronic means specifying the date of such purchase, each Bank's Percentage multiplied by the aggregate amount of Capital of the Receivable Interest being purchased, whether the Yield for the Fixed Period for such Receivable Interest is calculated based on the Adjusted Eurodollar Rate (which may be selected by the Seller only if the such notice referred to in the first sentence of this Section is given at least three (3) Business Days prior to the purchase date) or the Alternate Base Rate, and the duration of the Fixed Period for such Receivable Interest (which shall be one day if the Seller has not selected another period).