Common use of Commitment to Purchase; Limits on Purchasers' Obligations Clause in Contracts

Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the ratable benefit of the Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and each Purchaser may, in its sole discretion, fund its Percentage of such Purchase; provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the then Capital would exceed an amount equal to $150,000,000 (the "Purchase Limit"), as such amount may be decreased from time to time as provided in Section 1.05,(b) the Asset Interest would exceed 100% (the "Allocation Limit") or (c) such Purchaser's Funded Share of the then Capital would exceed its Commitment; and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $2,000,000.

Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the ratable benefit of the Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and each Purchaser may, in its sole discretion, shall fund its Percentage of such Purchase, and the Administrator, for the benefit of Purchasers, shall make such Purchase with the proceeds of such funding by the Purchasers; provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the then Capital after giving effect to such Purchase would exceed an amount equal to $150,000,000 50,000,000 (the "Purchase Limit"), as such amount Purchase Limit may be decreased from time to time as provided in Section 1.05,(b1.05, or (b) the Asset Interest would exceed 100% (the "Allocation Limit") or (c) such Purchaser's Funded Share of the then Capital would exceed its Commitment); and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $2,000,000250,000.

Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the ratable benefit of the Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and each Conduit Purchaser may, in its sole discretion, fund each Purchase. If Conduit Purchaser elects not to fund such Purchase, each Committed Purchaser shall fund its Percentage of such Purchase, and the Administrator, for the benefit of Purchasers, shall make such Purchase with the proceeds of such funding by the Committed Purchasers; provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the then Capital after giving effect to such Purchase would exceed an amount equal to $150,000,000 100,000,000 (the "Purchase Limit"), as such amount Purchase Limit may be decreased from time to time as provided in Section 1.05,(b1.05, or (b) the Asset Interest would exceed 100% (the "Allocation Limit") or (c) such Purchaser's Funded Share of the then Capital would exceed its Commitment); and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $2,000,0001,000,000.

Commitment to Purchase; Limits on Purchasers' Obligations. Upon the terms and subject to the conditions of this Agreement, from time to time prior to the Termination Date, Seller may request that Administrator, for the ratable benefit of the Purchasers, purchase from Seller an undivided ownership interest in the Pool Assets (each being a "Purchase") and each Conduit Purchaser may, in its sole discretion, fund each Purchase. If Conduit Purchaser elects not to fund such Purchase, each Committed Purchaser shall fund its Percentage of such Purchase, and the Administrator, for the benefit of Purchasers, shall make such Purchase with the proceeds of such funding by the Committed Purchasers; provided that no Purchase shall be funded by any Purchaser if, after giving effect thereto, either (a) the then Capital after giving effect to such Purchase would exceed an amount equal to $150,000,000 50,000,000 (the "Purchase Limit"), as such amount Purchase Limit may be decreased from time to time as provided in Section 1.05,(b1.05, or (b) the Asset Interest would exceed 100% (the "Allocation Limit") or (c) such Purchaser's Funded Share of the then Capital would exceed its Commitment); and provided further that each Purchase made pursuant to this Section 1.01 shall have a purchase price of at least $2,000,0001,000,000.