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.
Sample 1
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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 This Repurchase Agreement, duly executed by the parties thereto;

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

  • Receivables Purchase Agreement The Receivables Purchase Agreement is supplemented by the addition of the following terms as Section 2.3(d):

  • Terms of the Purchase Agreement The terms of the Purchase Agreement, including, but not limited to, the representations, warranties, covenants, agreements and indemnities relating to the Assigned Contracts are incorporated herein by this reference. The parties hereto acknowledge and agree 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 Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Securities Purchase Agreement This Agreement and the transactions contemplated hereby have been duly and validly authorized by the Company, this Agreement has been duly executed and delivered by the Company and this Agreement, when executed and delivered by the Company, will be, a valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

  • Purchase Agreement See the introductory paragraphs hereof.

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