Common use of CP Costs Clause in Contracts

CP Costs. The Seller shall pay CP Costs with respect to the Capital of all Receivable Interests funded through the issuance of Commercial Paper. Each portion of a Receivable Interest of a Pool-Funded Conduit that is funded substantially with Pooled Commercial Paper will accrue CP Costs each day on a pro rata basis, based upon the percentage share that the Capital in respect of such portion represents in relation to all assets held by such Pool-Funded Conduit and funded substantially with related Pooled Commercial Paper.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Eastman Chemical Co), Receivables Purchase Agreement (Eastman Chemical Co)

AutoNDA by SimpleDocs

CP Costs. The Seller shall pay CP Costs with respect to the Capital Invested Amount associated with each Receivables Interest of all Receivable Interests funded through the issuance Conduit for each day that any Invested Amount in respect of Commercial Papersuch Receivables Interest is outstanding. Each portion of a Receivable Receivables Interest of a Pool-Funded Conduit that is funded substantially with Pooled Commercial Paper will accrue CP Costs each day on a pro rata basis, based upon the percentage share that the Capital Invested Amount in respect of such portion Receivables Interest represents in relation to all assets held by such Pool-Funded the Conduit and funded substantially with related Pooled Commercial Paper.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Convergys Corp)

CP Costs. The Seller shall pay CP Costs with respect to the Capital funded by Conduit for each day that any Capital in respect of all Receivable Interests such Purchaser Interest is outstanding. Capital funded through the issuance of Commercial Paper. Each portion of by a Receivable Interest of a Pool-Funded Conduit that is funded substantially with Pooled Commercial Paper will accrue CP Costs each day on a pro rata basis, based upon the percentage share that the such Capital in respect of such portion represents in relation to all assets held by such Pool-Funded Conduit and funded substantially with related Pooled Commercial Paper.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Tenneco Inc)

AutoNDA by SimpleDocs

CP Costs. The Seller shall pay CP Costs with respect to the Capital of all Receivable Interests funded by any Conduit or Committed Purchaser through the issuance of issuing Commercial PaperPaper for each day that any such Capital is outstanding. Each portion of Capital funded by a Receivable Interest of a Pool-Funded Conduit that is funded substantially with Pooled Commercial Paper will accrue CP Costs each day on a pro rata basis, based upon the percentage share that the such Capital in respect of such portion represents in relation to all assets held by such Pool-Funded Conduit and funded substantially with related Pooled Commercial Paper.”

Appears in 1 contract

Samples: Receivables Purchase Agreement (Tenneco Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.