Selection of Asset Tranches Sample Clauses
Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings, divide the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. The total Invested Amount shall be allocated to the Asset Tranches by the Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested Amount, so that:
(a) there will be a single Asset Tranche with a Purchaser's Tranche Investment equal to the excess of the Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and
(b) there will be one or more Asset Tranches, selected by the Agent, on the Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings.
Selection of Asset Tranches. The Administrator shall, at the reasonable direction of Transferor, and from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. Transferee's Total Investment shall be allocated to each Asset Tranche by the Administrator, on Transferee's behalf and pursuant to the reasonable direction of Transferor (unless a Liquidation Event has occurred and is continuing), to reflect the funding sources for the Asset Interest, so that:
(a) there will be an Asset Tranche equal to the excess of Transferee's Total Investment over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and
(b) there will be one or more Asset Tranches, selected by the Administrator, on Transferee's behalf and at the reasonable direction of Transferor (unless a Liquidation Event has occurred and is continuing), reflecting the portion of the Asset Interest funded by outstanding Liquidity Fundings.
Selection of Asset Tranches. The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. Purchaser's Total Investment shall be allocated to each Asset Tranche by the Administrator to reflect the funding sources for the Asset Interest, so that:
(a) there will be an Asset Tranche equal to the excess of Purchaser's Total Investment over the aggregate amounts allocated at such time pursuant to clauses (b) and (c) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes;
(b) there will be one or more Asset Tranches, selected by the Administrator, reflecting the portion of the Asset Interest funded by outstanding Liquidity Fundings; and
(c) there will be one or more Asset Tranches, selected by the Administrator, reflecting the portion of the Asset Interest funded by Credit Draws.
Selection of Asset Tranches. The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche. Purchaser's Total Investment shall be allocated to each Asset Tranche by the Administrator to reflect the funding sources for the Asset Interest, so that:
(a) there will be one or more Asset Tranches, selected by the Administrator, reflecting the portion of the Asset Interest funded by outstanding Liquidity Purchases;
(b) there will be one or more Asset Tranches, selected by the Administrator, reflecting the portion of the Asset Interest funded by Credit Draws; and
(c) there will be an Asset Tranche equal to the excess of Purchaser's Total Investment over the aggregate amounts allocated at such time pursuant to clauses (a) and (b) above, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes.
Selection of Asset Tranches. The Administrative Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings, divide the Asset Interest into Asset Tranches. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. The Invested Amount shall be allocated to each Asset Tranche by the Administrative Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest, so that:
(a) there will be a single Asset Tranche equal to the excess of the Invested Amount over the aggregate amount allocated at such time pursuant to CLAUSE (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and
(b) there may be one or more Asset Tranches, selected by the Administrative Agent, on the Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings.
Selection of Asset Tranches. 6- SECTION 2.02 Computation of Transferee's Total Investment and Transferee's Tranche Investment.......................................................................... -7- SECTION 2.03 Computation of Concentration Limits and Unpaid Balance.............................. -7- SECTION 2.04 Liquidity Fundings; Computation of CP Costs and Earned Discount..................... -7- SECTION 2.05 Estimates of Earned Discount Rate, Fees, etc........................................ -8-
Selection of Asset Tranches. Section 2.2 Computation of Invested Amount, Purchaser Group Invested Amount and Purchasers’ Tranche Investments.
Selection of Asset Tranches. 6 Section 2.2 Computation of Invested Amount and Purchaser's Tranche Investment............... 7 Section 2.3 Computation of Concentration Limits and Unpaid Balance.......................... 7 Section 2.4 Computation of Earned Discount.................................................. 7 Section 2.5 Estimates of Earned Discount Rate, Fees, etc.................................... 8 Article III Settlements.............................................................................. 9 Section 3.1
Selection of Asset Tranches. The Administrative Agent shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches. The applicable Earned Discount Rate may be different for each Asset Tranche. The Purchaser's Total Investment and aggregate CP Discount shall be allocated to each Asset Tranche by the Administrative Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest, so that:
(a) there will be one or more Asset Tranches equal to the excess of the sum of the Purchaser's Total Investment and the aggregate CP Discount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and
(b) there may be one or more Asset Tranches, selected by the Administrative Agent, on the Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings.
Selection of Asset Tranches. 8 SECTION 2.02. Computation of Purchaser's Total Investment and Purchaser's Tranche Investment..........9 SECTION 2.03. Computation of Earned Discount...................9