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:
Selection of Asset Tranches. 9 SECTION 2.02. Computation of Purchasers' Investment and Senior Purchaser's Tranche Investment............................ 9 SECTION 2.03. Computation of Earned Discount.............................. 10 SECTION 2.04. Computation of Interest Amount.............................. 10 ARTICLE III ----------- ACCOUNTS AND SETTLEMENTS ------------------------
Selection of Asset Tranches. The Administrative Agent shall, from time to time for purposes of computing Earned Discount and CP Costs, divide the Asset Interest into Asset Tranches. The applicable Earned Discount Rate or CP Rate, as the case may be, and the maturity may be different for each Asset Tranche. The Invested Amount shall be allocated to the Asset Tranches by the Administrative Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest, so that:
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:
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. The Administrator shall, at the reasonable direction of Transferor, and 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, and the Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. Transferee's Total Investment shall be allocated to each Asset Tranche by the Administrator, on Transferee's behalf to reflect the funding sources for the Asset Interest, so that:
Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount, 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. 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:
Selection of Asset Tranches. Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liberty Street Alternate Fundings or Liquidity Fundings made by the related Purchaser Group, as the case may be, divide such portion of the Asset Interest into Asset Tranches. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding or a Liberty Street Alternate Funding, as the case may be. The related Purchaser Group Invested Amount shall be allocated to each Asset Tranche by the related Purchaser Agent, on the related Purchaser's behalf, to reflect the funding sources for the Asset Interest, so that:
Selection of Asset Tranches. Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Alternate Fundings or Liquidity Fundings made by the related Purchaser Group, as the case may be, divide such portion of the Asset Interest into Asset Tranches. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding or an Alternate Funding, as the case may be. The related Purchaser Group Invested Amount shall be allocated to each Asset Tranche by the related Purchaser Agent, on the related Purchaser’s behalf, to reflect the funding sources for the Asset Interest, so that:
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
