Types of Purchases Sample Clauses

Types of Purchases. The three types of Purchases which can be made under this Agreement are an Initial Purchase, an Incremental Purchase and a Reinvestment Purchase. The first Purchase made by each Purchaser under this Agreement is the Initial Purchase with respect to such Purchaser. Any Purchase (other than the Initial Purchase) made by a Purchaser which causes the amount of the Investment to increase is an Incremental Purchase. The amount of each Incremental Purchase shall be $5,000,000 or greater. Any Purchase made by a Purchaser with Collections is a Reinvestment Purchase.
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Types of Purchases. Each purchase of undivided percentage ownership interests in the Receivables Assets by the Program Agent on behalf of the Purchasers hereunder shall consist of either (i) a purchase made by the Program Agent on behalf of the applicable Purchasers with new funds provided by such Purchasers (each, a "Capital Purchase") or (ii) a purchase made by the Program Agent on behalf of the applicable Purchasers in consideration for the allocations made in accordance with Section 2.04 (each, a "Reinvestment Purchase"). The first purchase hereunder shall be a Capital Purchase.
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Types of Purchases. 19 SECTION 6.2.
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Types of Purchases. The three types of Purchases which ------------------ can be made under this Agreement are an Initial Purchase, an Incremental Purchase and a Reinvestment Purchase. The first Purchase made by the Purchaser under this Agreement is an Initial Purchase. Any Purchase (other than an Initial Purchase) made by the Purchaser which causes the amount of the Aggregate Investment to increase is an Incremental Purchase. The amount of each Incremental Purchase, other than any Incremental Purchase made pursuant to Section 3.3, shall be $10,000,000 or any amount in excess thereof which is an integral multiple of $100,000. Any Purchase made by the Purchaser with Collections is a Reinvestment Purchase.
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Types of Purchases. Each purchase of undivided percentage ownership interests in the Receivables Assets (except with respect to the Lock-Box Accounts, with respect to which the Agent shall have a security interest until ownership is conveyed in accordance with Section 6.03 hereof) by the Purchasers hereunder shall consist of either (i) a purchase made by the applicable Purchasers with new funds provided by such Purchasers (each, a “Capital Purchase”) or (ii) a purchase made by the applicable Purchasers in consideration for the allocations made in accordance with Section 2.04 (each, a “Reinvestment Purchase”). The first purchase hereunder shall be a Capital Purchase.
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Types of Purchases. The three types of Purchases which can be made under this Agreement are the Initial Purchase, an Incremental Purchase and a Reinvestment Purchase. The aggregate amount of the Initial Purchase and each Incremental Purchase made by the Bank Purchasers at the same time shall be not less than $4,000,000 or an integral multiple of $100,000 in excess thereof.
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Related to Types of Purchases

  • Terms of Purchase The closing of the transactions contemplated by Section 10.6 (the "Purchase Closing") shall occur (a) on the Termination Date if this Agreement expires pursuant to the terms of Sections 10.1 and 10.2, or (b) on a date mutually acceptable to the parties hereto that shall be within 180 days after receipt of a Termination Notice. The parties shall enter into an asset purchase agreement containing representations, warranties and conditions customary to a transaction of this size involving the purchase and sale of similar businesses. Subject to the conditions set forth below, at the Purchase Closing, Administrator and/or its Affiliates, as the case may be, shall transfer and assign the Purchase Assets to the Group, and in consideration therefor, the Group shall (a) pay to Administrator, Parent and/or their Affiliates an amount in cash or, at the option of the Group (subject to the conditions set forth below), Parent Common Stock (valued pursuant to Section 10.6(c) hereof), or some combination of cash and Parent Common Stock equal to the Purchase Price and (b) assume the Practice Related Liabilities. The structure of the transaction set forth in this Section 10.7 shall, if possible, be structured as a tax-free transaction under applicable law. Each party shall execute such documents or instruments as are reasonably necessary, in the opinion of each party and its counsel, to effect the foregoing transaction. The Group shall, and shall use its best efforts to cause each shareholder of the Group to, execute such documents or instruments as may be necessary to cause the Group to assume the Practice Related Liabilities and to release Administrator, Parent and/or their Affiliates, as the case may be, from any liability or obligation with respect thereto. In the event the Group desires to pay all or a portion of the Purchase Price in shares of Parent Common Stock, such transaction shall be subject to the satisfaction of each of the following conditions:

  • Conditions of Purchases SECTION 3.01.

  • Timing of Purchases This Option is not exercisable in any part until one (1) year after the date of grant. Subject to the provisions for termination and acceleration, this Option shall become exercisable in installments as follows:

  • Accounting of Purchases Other than for tax and consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale of the Loan Assets to the Purchaser.

  • Conditions of Purchase The Purchaser's obligation to purchase and pay for the FFELP Loans hereunder by and through the Trustee as of any applicable Loan Purchase Date shall be subject to each of the following conditions precedent:

  • Lists of Purchasers Concurrently with the delivery of any Reserve Report to the Administrative Agent pursuant to Section 8.12, a list of all Persons purchasing Hydrocarbons from any Loan Party (or, with respect to Oil and Gas Properties that are not operated by a Loan Party, a list of the operators of such properties).

  • Nature of Purchase Such Purchaser is not acquiring the Notes purchased by it hereunder with a view to or for sale in connection with any distribution thereof within the meaning of the Securities Act, provided that the disposition of such Purchaser's property shall at all times be and remain within its control.

  • Records of Purchases The Buyer and the Company shall each maintain records showing the remaining Available Amount at any given time and the dates and Purchase Amounts for each purchase, or shall use such other method reasonably satisfactory to the Buyer and the Company to reconcile the remaining Available Amount.

  • Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

  • Basis of Purchases and Sales of Shares Xxxxxx will use its best efforts to place shares sold by it on an investment basis. Xxxxxx does not agree to sell any specific number of shares. Shares will be sold by Xxxxxx only against orders therefor. Xxxxxx will not purchase shares from anyone other than the Fund except in accordance with Section 5, and will not take “long” or “short” positions in shares contrary to the Agreement and Declaration of Trust of the Fund.

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