Common use of Liquidity Agreement Fundings Clause in Contracts

Liquidity Agreement Fundings. The parties hereto acknowledge that each Conduit may assign all or any portion of its Purchaser Interests to the Committed Purchasers in its Group at any time pursuant to its Liquidity Agreement to finance or refinance the necessary portion of its Purchaser Interests through a funding under such Liquidity Agreement to the extent available. The fundings under each Liquidity Agreement will accrue Yield in accordance with this Article IV. Regardless of whether a funding of Purchaser Interests by Committed Purchasers constitutes the direct purchase of an interest in Purchaser Interests hereunder, an assignment under the applicable Liquidity Agreement of an interest in Purchaser Interests originally funded by a Conduit or the sale of one or more participations or other interests under such Liquidity Agreement of an interest in a Purchaser Interest originally funded by a Conduit, each Committed Purchaser participating in a funding of an interest in Purchaser Interests shall have the rights and obligations of a “Purchaser” hereunder with the same force and effect as if it had directly purchased such interest from Seller hereunder.

Liquidity Agreement Fundings. The parties hereto acknowledge that each Conduit of the Conduits may assign all or any portion of its Purchaser Interests to the Committed Purchasers in its Group at any time pursuant to its the applicable Liquidity Agreement to finance or refinance the necessary portion of its Purchaser Interests through a funding under such Liquidity Agreement to the extent available. The fundings under each the Liquidity Agreement Agreements will accrue Yield Discount in accordance with this Article IVSection 2.2. Regardless of whether a funding of Purchaser Interests by the Committed Purchasers in a Group constitutes the direct purchase of an interest in a Purchaser Interests Interest hereunder, an assignment under the applicable a Liquidity Agreement of an interest in a Purchaser Interests Interest originally funded by a Conduit or the sale of one or more participations or other interests under such a Liquidity Agreement of an interest in such a Purchaser Interest originally funded by a ConduitInterest, each Committed Purchaser participating in a funding of an interest in a Purchaser Interests Interest pursuant to a Liquidity Agreement shall have the rights and obligations of a “Purchaser” hereunder with the same force and effect as if it had directly purchased such interest Purchaser Interest directly from Seller hereunder.

Liquidity Agreement Fundings. (a) The parties hereto acknowledge that each Conduit may assign all or any portion of its Purchaser Interests to the Committed Purchasers in its Group at any time pursuant to its Liquidity Agreement to finance or refinance the necessary portion of its Purchaser Interests through a funding under such Liquidity Agreement to the extent available. The fundings under each Liquidity Agreement will accrue Yield in accordance with this Article IV. Regardless of whether a funding of Purchaser Interests by Committed Purchasers constitutes the direct purchase of an interest in Purchaser Interests hereunder, an assignment under the applicable Liquidity Agreement of an interest in Purchaser Interests originally funded by a Conduit or the sale of one or more participations or other interests under such Liquidity Agreement of an interest in a Purchaser Interest originally funded by a Conduit, each Committed Purchaser participating in a funding of an interest in Purchaser Interests shall have the rights and obligations of a “Purchaser” hereunder with the same force and effect as if it had directly purchased such interest from Seller hereunder.