FUNDS UNDER PURCHASE AGREEMENT Sample Clauses

FUNDS UNDER PURCHASE AGREEMENT. Upon the written request of the Administrative Agent, on the Purchaser's behalf, given at any time when (A) based on the most recent Information Package, either (x) the Asset Interest would exceed the Allocation Limit or (y) the sum of (i) the Purchaser's Total Investment and (ii) the aggregate CP Discount would exceed the Purchase Limit, or (B) a Liquidation Event or Unmatured Liquidation Event shall have occurred and be continuing, the Seller shall set aside and hold in trust for the Purchaser all funds that under the Purchase Agreement would be applied to repay principal of the Initial Purchaser Note. The Seller may apply such funds only for the purposes of (A) at any time, purchasing Receivables from the Originators in accordance with the Purchase Agreement; (B) on the Settlement Date for any Settlement Period, making payments in accordance with the last sentence of SECTION 3.1(c)(ii), and (C) on the Settlement Date for any Settlement Period, if, on the basis of the most recent Information Package, and after giving effect to any payment made to the Servicers on such date pursuant to the last sentence of SECTION 3.1(c)(ii), both (x) the sum of (i) Purchaser's Total Investment and (ii) aggregate CP Discount does not exceed the Purchase Limit and (y) the Asset Interest does not exceed the Allocation Limit, and provided that no Liquidation Event or Unmatured Liquidation Event shall have occurred and be continuing, repaying principal of the Initial Purchaser Note in accordance with this Agreement and the Purchase Agreement.
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Related to FUNDS UNDER PURCHASE AGREEMENT

  • Performance Under Purchase Contracts The Company covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Repurchase Agreement Upon the receipt of payment in connection with any repurchase agreement related to such securities entered into by the Fund; 3)

  • Founder’s Purchase Agreement The Founder’s Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Share Purchase Agreement 33- --------------------------------------------------------------------------------

  • Receivables Purchase Agreement The Transferor, in its capacity as purchaser of Receivables from the RPA Seller under the Receivables Purchase Agreement, shall enforce the covenants and agreements of the RPA Seller as set forth in the Receivables Purchase Agreement, including its agreement to designate Additional Accounts as and when required in order for the Transferor to fulfill its undertakings in Section 2.06. The Transferor shall not amend, waive or otherwise modify the Receivables Purchase Agreement except in accordance with its terms.

  • Terms of the Purchase Agreement The terms of the Purchase Agreement, including but not limited to Assignor's representations, warranties, covenants, agreements and indemnities relating to the Assumed Liabilities, are incorporated herein by this reference. Assignor acknowledges and agrees that the representations, warranties, covenants, agreements and indemnities contained in the Purchase Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.

  • Repurchase Agreements With respect to all agreements pursuant to which the Company or any of its Subsidiaries has purchased securities subject to an agreement to resell, if any, the Company or any of its Subsidiaries, as the case may be, has a valid, perfected first lien or security interest in the government securities or other collateral securing the repurchase agreement, and, as of the date hereof, the value of such collateral equals or exceeds the amount of the debt secured thereby.

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

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