Common use of Commitments to Purchase; Limits on Purchasers’ Obligations Clause in Contracts

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during the Revolving Period, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PURCHASE"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the sum of (i) the Invested Amount and (ii) the Aggregate Accruals would exceed $35,000,000 (as adjusted pursuant to Section 3.2(b)) (the "PURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "ALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000 .

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article V), from time to time during prior to the Revolving PeriodTermination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PURCHASEPurchase"); provided that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the sum of (i) the Invested Amount Purchaser's Total Investment at such time and (ii) the Aggregate Accruals aggregate of the CP Discounts of all Commercial Paper Notes then outstanding would exceed $35,000,000 50,000,000 (as adjusted pursuant to Section 3.2(b)) (the "PURCHASE LIMITPurchase Limit"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "ALLOCATION LIMITAllocation Limit"); and provided, further that each Purchase made pursuant to this Section 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000 100,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article ARTICLE V), from time to time during prior to the Revolving PeriodTermination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PURCHASE"); provided PROVIDED that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the sum then Purchaser's Total Investment would exceed the lesser of (i1) the Invested Amount $50,000,000 and (ii2) 84% TIMES the Aggregate Accruals would exceed $35,000,000 (as adjusted pursuant to Section 3.2(b)) Net Pool Balance (the "PURCHASE LIMIT"), or (b) the Asset Purchased Interest, expressed as a percentage of Net Pool BalanceBalance (as of the Cut-Off Date for the Settlement Date on which such Purchase is made), would exceed 100% (the "ALLOCATION LIMIT"); and providedPROVIDED, further FURTHER that each Purchase made pursuant to this Section 1.1 1.01 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000 1,000,000.

Commitments to Purchase; Limits on Purchasers’ Obligations. Upon the terms and subject to the conditions of this Agreement (including, without limitation, Article ARTICLE V), from time to time during the Revolving Period, prior to the Termination Date, the Seller may request that the Purchaser purchase from the Seller ownership interests in Pool Receivables and Related Assets, and the Purchaser shall make such purchase (each being a "PURCHASE"); provided PROVIDED that no Purchase shall be made by the Purchaser if, after giving effect thereto, either (a) the sum of (i) the Invested Amount and (ii) the Aggregate Accruals would exceed $35,000,000 $ 200,000,000 (as adjusted pursuant to Section SECTION 3.2(b)) (the "PURCHASE LIMIT"), or (b) the Asset Interest, expressed as a percentage of Net Pool Balance, would exceed 100% (the "ALLOCATION LIMIT"); and provided, further that each Purchase made pursuant to this Section SECTION 1.1 shall have a purchase price equal to at least $1,000,000 and shall be an integral multiple of $100,000 100,000.