Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Note in an amount equal to its Commitment Percentage of the Series 2004-4 Initial Invested Amount on the Series 2004-4 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing Date its APA Bank Percentage of that portion of such Series 2004-4 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Note on the Series 2004-4 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Note, subject to increase or decrease during the period from the Series 2004-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 2004-4 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection Account.
Initial Purchases. All of KBK's right, title and interest in the Receivables that exist at the opening of KBK's business on the Initial Purchase Date (other than Contributed Receivables) and in the Related Assets with respect thereto shall be deemed to have been sold to the Initial Purchaser on the Initial Purchase Date without further action by any Person.
Initial Purchases. On the date hereof the Investor shall purchase 380,952 Purchase Shares at a purchase price of $0.42 per share (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”). Upon the satisfaction of the conditions set forth in Sections 7 and 8 hereof (the “Commencement” and the date of satisfaction of such conditions the “Commencement Date”), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Purchase Notice, to purchase up to $150,000 of Common Stock at the Purchase Price (such purchase the “Commencement Purchase” and such Purchase Shares, the “Commencement Purchase Shares”).
Initial Purchases. On the date hereof, the Investor shall purchase from the Company One Million One Hundred Thousand (1,000,000) Purchase Shares at the Initial Purchase Price (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”). Upon the satisfaction of the conditions set forth in Sections 7 and 8 hereof (the “Commencement” and the date of satisfaction of such conditions the “Commencement Date”) and until such date that is ninety (90) days from the Commencement Date, the Company shall have the right, but not the obligation, to direct the Investor to Purchase and additional One Million Five Hundred Thousand (1,500,000) Purchase Shares at the Initial Purchase Price (such purchase the “Commencement Purchase” and such Purchase Shares, the “Commencement Purchase Shares”).
Initial Purchases. On the date hereof, the Investor shall purchase from the Company One Million (1,000,000) Purchase Shares at the Initial Purchase Price (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”).
Initial Purchases. All of the Purchased Assets of Seller that exist at ----------------- the closing of Seller's business on the Initial Cut-Off Date shall be sold to Buyer on the Closing Date.
Initial Purchases. Assuming completion of the Product Development Program on the schedule provided in Section 2.1, Comtec will be prepared to deliver to Spectra inventory of at least [***] Units between [***] and [***]. Comtec and Spectra will share the cost of producing the initial [***] Units at [***] each; Spectra shall provide its [***] share on the later of [***] or the date on which the order for such initial Units is placed. Upon delivery thereof to Spectra, Spectra will pay the purchase price for the same, less the amount advanced to fund the production costs. The manufacture of these Units will commence immediately after the completion of the Project Development Program (targeted for [***]). The [***] start date will be moved to a later date only to the extent required by (i) a mutually agreed-upon delay in completing the Project Development Program, (ii) a delay on the part of Spectra not occasioned by performance delays on the part of Comtec, in approving the prototype Products, or (iii) one of the factors described in Section 7.
Initial Purchases. Each Member has or will initially purchase interests in the capital of the Company, the amount shown in “Schedule A” of this Agreement, as amended from time to time, whether in cash or in kind or for services rendered. Each Member will receive an undivided interest in the equity of the Company, and will be entitled to share in the profits, surplus, losses and distributions of the Company, according to the percentage of their respective ownership in the interests of the Company as shown in “Schedule A” of this Agreement.
Initial Purchases. All of the Purchased Assets of each Seller that was a party to the Original Purchase Agreement on the First Issuance Date that existed at the closing of such Seller's business on the Initial Cut-Off Date (as defined in the Original Purchase Agreement) were sold automatically to Buyer on the First Issuance Date (as defined in the Original Purchase Agreement).
Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser shall purchase a Series 2006-2 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2006-2 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2006-2 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and (ii) thereafter, such CP Conduit Purchaser shall maintain its Series 2006-2 Note, subject to increase or decrease during the period from the Series 2006-2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser shall be made in immediately available funds on the Series 2006-2 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2006-2 Collection Account.
