Common use of New Purchases Clause in Contracts

New Purchases. If the Transferor offers for sale and assignment further Eligible Assets to the CBC in accordance with Clause 2.1 of the Guarantee Support Agreement, the Administrator shall (i) arrange for the purchase and acceptance of assignment by the CBC of the Eligible Assets in accordance with Clause 2 of the Guarantee Support Agreement and (ii) if requested by the CBC, request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

Appears in 3 contracts

Samples: Administration Agreement, Administration Agreement, Administration Agreement

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New Purchases. If the Transferor offers for sale and assignment further Eligible Assets to the CBC in accordance with Clause 2.1 of the Guarantee Support Agreement, the Administrator shall (i) arrange for the purchase and acceptance of assignment by the CBC of the Eligible Assets in accordance with Clause 2 of the Guarantee Support Agreement and (ii) if requested by the CBC, CBC request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

Appears in 1 contract

Samples: Administration Agreement

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