Common use of Maximum Funded Amount; Payment Amount; Termination Payment Amount Clause in Contracts

Maximum Funded Amount; Payment Amount; Termination Payment Amount. (a) On each Settlement Date and Termination Settlement Date, the Administrative Agent shall (by reference to the Portfolio Report received via the PrimeRevenue System by the Administrative Agent on the immediately preceding Reconciliation Date) determine the Maximum Funded Amount, the Payment Amount (in the case of a Settlement Date) or Termination Payment Amount (in the case of a Termination Settlement Date), as applicable, and shall notify the Seller Representative of the same. (b) Following the determination of the Payment Amount, and in accordance with Section 5.7, on each Settlement Date (x) if the Payment Amount is positive, the Administrative Agent (on behalf of the Purchasers) shall pay the full amount thereof to the Seller Representative (on behalf of the Sellers), and upon payment of such amount, the Administrative Agent’s payment obligations with respect to the Purchased Receivables acquired during the Settlement Period ending immediately prior to such Settlement Date shall be satisfied in full and (y) if the Payment Amount is negative, the Seller Representative shall (on behalf of the Sellers) pay the full absolute value thereof to the Administrative Agent (for the benefit of the Purchasers) by deposit into the Administrative Agent’s Account. Furthermore, in connection with Sections 3.5 and 3.6, any applicable Administration Fee and the Unused Fee payable by the Seller Representative on each Settlement Date shall be set-off against any positive Payment Amount payable by the Administrative Agent (and the surplus of any applicable Administration Fee and Unused Fee, if any, after effecting such set-off shall be payable by Seller Representative (on behalf of the Sellers) to the Administrative Agent), and the absolute value of any negative Payment Amount payable by the Seller Representative (on behalf of the Sellers) shall be combined with any Administration Fee and Unused Fee payable on such Settlement Date (such that both amounts will be paid simultaneously to the Administrative Agent). (c) Following the determination of the Termination Payment Amount, and in accordance with Section 5.7, on each Termination Settlement Date until the Funded Amount has been reduced to zero and all other amounts payable to the Administrative Agent and the Purchasers by the Sellers hereunder have been paid in full, the Seller Representative shall (on behalf of the Sellers) pay the full amount of the Termination Payment Amount to the Administrative Agent by deposit into the Administrative Agent’s Account. Furthermore, in connection with Sections 3.5, any applicable Administration Fee payable on each Termination Settlement Date shall be combined with the Termination Payment Amount payable on such Termination Settlement Date (such that both amounts will be paid simultaneously to the Administrative Agent).

Maximum Funded Amount; Payment Amount; Termination Payment Amount. (a) On each Settlement Date and Termination Settlement Date, the Administrative Agent Purchaser shall (by reference to the Portfolio Report received via the PrimeRevenue System by the Administrative Agent Purchaser on the immediately preceding Reconciliation Date) determine the Maximum Funded Amount, the Payment Amount (in the case of a Settlement Date) or Termination Payment Amount (in the case of a Termination Settlement Date), as applicable, and shall notify the Seller Representative of the same. (b) Following the determination of the Payment Amount, and in accordance with Section 5.7, on each Settlement Date (x) if the Payment Amount is positive, the Administrative Agent (on behalf of the Purchasers) Purchaser shall pay the full amount thereof to the Seller Representative (on behalf of the Sellers), and upon payment of such amount, the Administrative AgentPurchaser’s payment obligations with respect to the Purchased Receivables acquired during the Settlement Period ending immediately prior to such Settlement Date shall be satisfied in full and (y) if the Payment Amount is negative, the Seller Representative shall (on behalf of the Sellers) pay the full absolute value thereof to the Administrative Agent (for the benefit of the Purchasers) Purchaser by deposit into the Administrative AgentPurchaser’s Account. Furthermore, in connection with Sections 3.5 and 3.6Section 3.4, any applicable Administration Fee and the Unused Fee payable by the Seller Representative on each Settlement Date shall be set-off against any positive Payment Amount payable by the Administrative Agent Purchaser (and the surplus of any applicable Administration Fee and the Unused Fee, if any, after effecting such set-off shall be payable by Seller Representative (on behalf of the Sellers) to the Administrative AgentPurchaser), and the absolute value of any negative Payment Amount payable by the Seller Representative (on behalf of the Sellers) shall be combined with any Administration Fee and Unused Fee payable on such Settlement Date (such that both amounts will be paid simultaneously to the Administrative AgentPurchaser). (c) Following the determination of the Termination Payment Amount, and in accordance with Section 5.7, on each Termination Settlement Date until the Funded Amount has been reduced to zero and all other amounts payable to the Administrative Agent and the Purchasers Purchaser by the Sellers hereunder have been paid in full, the Seller Representative shall (on behalf of the Sellers) pay the full amount of the Termination Payment Amount to the Administrative Agent Purchaser by deposit into the Administrative AgentPurchaser’s Account. Furthermore, in connection with Sections 3.5, any applicable Administration Fee payable on each Termination Settlement Date shall be combined with the Termination Payment Amount payable on such Termination Settlement Date (such that both amounts will be paid simultaneously to the Administrative Agent).

Maximum Funded Amount; Payment Amount; Termination Payment Amount. (a) On each Settlement Date and Termination Settlement Date, the Administrative Agent shall (by reference to the Portfolio Servicing Report received via the PrimeRevenue System by the Administrative Agent on the immediately preceding Reconciliation Date) determine the Maximum Funded Amount, the Payment Amount (in the case of a Settlement Date) or Termination Payment Amount (in the case of a Termination Settlement Date), as applicable, and shall notify the Seller Representative of the same. (b) Following the determination of the Payment Amount, and in accordance with Section 5.7, on each Settlement Date (x) if the Payment Amount is positive, the Administrative Agent (on behalf of the Purchasers) shall pay the full amount thereof to the Seller Representative (on behalf of the Sellers)Representative, and upon payment of such amount, the Administrative Agent’s payment obligations with respect to the Purchased Receivables acquired during the Settlement Period ending immediately prior to such Settlement Date shall be satisfied in full and (y) if the Payment Amount is negative, the Seller Representative shall (on behalf of the Sellers) pay the full absolute value thereof to the Administrative Agent (for the benefit of the Purchasers) by deposit into the Administrative Agent’s Account. Furthermore, in connection with Sections 3.5 and 3.6, any applicable the Administration Fee and the Unused Fee payable by the Seller Representative on each Settlement Date shall be set-off against any positive Payment Amount payable by the Administrative Agent (and the surplus of any applicable the Administration Fee and Unused Fee, if any, after effecting such set-off shall be payable by the Seller Representative (on behalf of the Sellers) to the Administrative Agent), and the absolute value of any negative Payment Amount payable by the Seller Representative (on behalf of the Sellers) shall be combined with any the Administration Fee and Unused Fee payable on such Settlement Date (such that both amounts will be paid simultaneously to the Administrative Agent). (c) Following the determination of the Termination Payment Amount, and in accordance with Section 5.7, on each Termination Settlement Date until the Funded Amount has been reduced to zero and all other amounts payable to the Administrative Agent and the Purchasers by the Sellers hereunder have been paid in full, the Seller Representative shall (on behalf of the Sellers) pay the full amount of the Termination Payment Amount to the Administrative Agent by deposit into the Administrative Agent’s Account. Furthermore, in connection with Sections 3.5, any applicable the Administration Fee payable by the Seller Representative on each Termination Settlement Date shall be combined with the Termination Payment Amount payable on such Termination Settlement Date (such that both amounts will be paid simultaneously to the Administrative Agent).

Maximum Funded Amount; Payment Amount; Termination Payment Amount. (a) On each Settlement Date and Termination Settlement Date, the Administrative Agent Purchaser shall (by reference to the Portfolio Servicing Report received via the PrimeRevenue System by the Administrative Agent Purchaser on the immediately preceding Reconciliation Date) determine the Maximum Funded Amount, the Payment Amount (in the case of a Settlement Date) or Termination Payment Amount (in the case of a Termination Settlement Date), as applicable, and shall notify the Seller Representative of the same. (b) Following the determination of the Payment Amount, and in accordance with Section 5.75.6, on each Settlement Date (x) if the Payment Amount is positive, the Administrative Agent (on behalf of the Purchasers) Purchaser shall pay the full amount thereof to the Seller Representative (on behalf of the Sellers)Representative, and upon payment of such amount, the Administrative AgentPurchaser’s payment obligations with respect to the Purchased Receivables acquired during the Settlement Period ending immediately prior to such Settlement Date shall be satisfied in full and (y) if the Payment Amount is negative, the Seller Representative shall (on behalf of the Sellers) pay the full absolute value thereof to the Administrative Agent (for the benefit of the Purchasers) Purchaser by deposit into the Administrative AgentPurchaser’s Account. Furthermore, in connection with Sections 3.5 and 3.6Section 3.3, any applicable the Administration Fee and the Unused Fee payable by the Seller Representative on each Settlement Date shall be set-off against any positive Payment Amount payable by the Administrative Agent Purchaser (and the surplus of any applicable the Administration Fee and Unused Fee, if any, after effecting such set-off shall be payable by the Seller Representative (on behalf of the Sellers) to the Administrative AgentPurchaser), and the absolute value of any negative Payment Amount payable by the Seller Representative (on behalf of the Sellers) shall be combined with any the Administration Fee and Unused Fee payable on such Settlement Date (such that both amounts will be paid simultaneously to the Administrative AgentPurchaser). (c) Following the determination of the Termination Payment Amount, and in accordance with Section 5.75.6, on each Termination Settlement Date until the Funded Amount has been reduced to zero and all other amounts payable to the Administrative Agent and the Purchasers Purchaser by the Sellers hereunder have been paid in full, the Seller Representative shall (on behalf of the Sellers) pay the full amount of the Termination Payment Amount to the Administrative Agent Purchaser by deposit into the Administrative AgentPurchaser’s Account. Furthermore, in connection with Sections 3.5Section 3.3, any applicable the Administration Fee payable by the Seller Representative on each Termination Settlement Date shall be combined with the Termination Payment Amount payable on such Termination Settlement Date (such that both amounts will be paid simultaneously to the Administrative AgentPurchaser).