Notice of Purchaser Rate Sample Clauses

Notice of Purchaser Rate. The Administrative Agent shall, on the date of each Purchase of a Eurodollar Undivided Interest and on the first day of each successive Yield Period for a Eurodollar Undivided Interest, notify Seller of the Purchaser Rate for such Yield Period. The Administrative Agent shall, on the first day of each Alternate Rate Undivided Interest, notify Seller of the Alternate Reference Rate in effect on such day.
Sample 1
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Notice of Purchaser Rate. On the day of each Purchase, and after each selection of a Yield Period, the Agent shall provide written notice to Seller of the Purchaser Rate (including each interest rate used in its determination) that will apply to such Purchase initially and/or Yield Period, as the case may be, and the duration of such Yield Period.
Sample 1
Notice of Purchaser Rate. On the day of each Purchase, and after each selection of a Yield Period, the Agent shall provide written notice to Seller of the Purchaser Rate (including each interest rate used in its determination) and/or the Bank Rate that applies to such Purchase and/or Yield Period, as the case may be, and, subject to the provisions of subparagraph (a) hereof, the duration of such Yield Period. All Purchases (and Yield Periods) shall be funded by the issuance of Commercial Paper Notes, unless, because of market conditions, the issuance of Commercial Paper Notes is impracticable. If the ability of the Purchaser to issue Commercial Paper Notes shall become impracticable, the Agent shall so notify the Seller promptly after it shall discover that the issuance of Commercial Paper Notes is impracticable.
Sample 1

Related to Notice of Purchaser Rate

  • Notice of Purchase In the case of a Mandatory Purchase, the Liquidity Provider shall be obligated to purchase all Outstanding VRDP Shares.

  • Calculation of Purchase Price The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

  • Certificate of Purchaser Purchaser shall have provided Seller a certificate, substantially in the form attached hereto as Exhibit E, signed by an authorized officer of Purchaser dated as of such date, applicable to the transactions contemplated by this Agreement, to the effect that: (a) each of Purchaser’s representations and warranties made in this Agreement is true and correct in all material respects as of such date; (b) all of the terms, covenants, conditions and obligations of this Agreement required to be complied with and performed by Purchaser at or prior to the Agreement Date have been duly complied with and performed in all material respects; and (c) the condition set forth in Section 10.04 has been satisfied.

  • Determination of Purchase Price The Securities Administrator will be responsible for determining the Purchase Price for any Mortgage Loan that is sold by the Trust or with respect to which provision is made for the escrow of funds pursuant to this Section 2.03 and shall at the time of any purchase or escrow certify such amounts to the Depositor; provided that the Securities Administrator may consult with the Servicer to determine the Purchase Price unless the Servicer is the Purchaser of such Mortgage Loan. If, for whatever reason, the Securities Administrator shall determine that there is a miscalculation of the amount to be paid to the Trust, the Securities Administrator shall from monies in a Distribution Account return any overpayment that the Trust received as a result of such miscalculation to the applicable Purchaser upon the discovery of such overpayment, and the Securities Administrator shall collect from the applicable Purchaser for deposit to the Securities Account any underpayment that resulted from such miscalculation upon the discovery of such underpayment. Recovery may be made either directly or by set-off of all or any part of such underpayment against amounts owed by the Trust to such Purchaser.

  • Payment of Purchase Price for the Mortgage Loans (a) In consideration of the sale of the Initial Mortgage Loans from each of the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the applicable Seller on the Closing Date the purchase price for the applicable Initial Mortgage Loans provided in the Adoption Annex attached as Annex 1 to this Agreement (the "Adoption Annex").

  • Experience of Purchaser Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

  • Balance of Purchase Price The balance of the Purchase Price, less any apportionments set forth in Section 7 hereof, shall be paid in full by Buyer at the Closing by wire transfer of immediately available federal funds, as Seller shall direct.

  • Closing Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

  • Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

  • Status of Purchaser The Purchaser is a corporation duly incorporated, validly existing and in good standing and has the power and capacity to enter into this Agreement and carry out its terms; and

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