Common use of Percentage Factor Clause in Contracts

Percentage Factor. The Percentage Factor shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Incremental Transfer hereunder. Thereafter, until the Termination Date, the Percentage Factor shall be recomputed upon the date of any Incremental Transfer and (if there is not otherwise an Incremental Transfer on such day) on the date of delivery of each Weekly Report (or, if Daily Reports are then required to be delivered pursuant to Section 2.12, the next Daily Report), and shall remain constant during any period between recomputations. At all times on and after the Termination Date until the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall equal 100%. Following any assignment of any portion of the Transferred Interest to the Committed Purchasers pursuant to the Asset Purchase Agreements, the Funding Agent for each CP Conduit Purchaser and Committed Purchaser shall, at all times and from time to time, calculate such CP Conduit Purchaser's and such Committed Purchaser's Pro Rata Share in the Percentage Factor and regularly report thereon to the Administrative Agent (with copies thereof to the Transferor).

Percentage Factor. The Percentage Factor shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Incremental Transfer hereunder. Thereafter, until the Termination Date, the Percentage Factor shall be automatically recomputed upon as of the date close of any Incremental Transfer and business of the Collection Agent on each day (if there is not otherwise an Incremental Transfer on such day) on other than a day after the date of delivery of each Weekly Report (or, if Daily Reports are then required to be delivered pursuant to Section 2.12, the next Daily ReportTermination Date), and . The Percentage Factor shall remain constant during from the time as of which any period between recomputationssuch computation or recomputation is made until the time as of which the next such recomputation, if any, shall be made. At all times on and after the Termination Date until the date on which the Aggregate Net Investment has been reduced to zero and all accrued PARCO Discount, Yield, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall equal be 100%. Following any assignment of any portion of the Transferred Interest to the Committed Purchasers a PARCO APA Bank pursuant to the PARCO Asset Purchase AgreementsAgreement, the PARCO Funding Agent for each CP Conduit Purchaser and Committed Purchaser shall, at all times and from time to timeon each Business Day, calculate such CP Conduit PurchaserPARCO's and such Committed Purchasereach applicable PARCO APA Bank's Pro Rata Share pro rata interest in the Percentage Factor Factor, based on the PARCO Purchase Limit and the PARCO APA Bank Commitment, and regularly report thereon to PARCO and the Administrative Agent PARCO APA Banks (with copies thereof to the TransferorTransferor and Administrative Agent).

Percentage Factor. The Percentage Factor shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Incremental Transfer hereunder. Thereafter, until the Termination Date, the Percentage Factor shall be automatically recomputed upon as of the date close of any Incremental Transfer and business of the Collection Agent on each day (if there is not otherwise an Incremental Transfer on such day) on other than a day after the date of delivery of each Weekly Report (or, if Daily Reports are then required to be delivered pursuant to Section 2.12, the next Daily ReportTermination Date), and . The Percentage Factor shall remain constant during from the time as of which any period between recomputationssuch computation or recomputation is made until the time as of which the next such recomputation, if any, shall be made. At all times on and after the Termination Date until the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall equal 100%. Following any assignment of any portion of the Transferred Interest to the Committed Purchasers pursuant to the Asset Purchase Agreements, the Funding Agent for each CP Conduit Purchaser and Committed Purchaser shall, at all times and from time to time, calculate such CP Conduit Purchaser's and such Committed Purchaser's Pro Rata Share pro rata interest in the Percentage Factor and regularly report thereon to the Administrative Agent (with copies thereof to the Transferor).

Percentage Factor. The Percentage Factor shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Initial Incremental Transfer hereunderDate. Thereafter, until the Termination Date, the Percentage Factor shall be automatically recomputed upon as of the date close of any Incremental Transfer and business of the Collection Agent on each day (if there is not otherwise an Incremental Transfer on such day) on other than a day after the date of delivery of each Weekly Report (or, if Daily Reports are then required to be delivered pursuant to Section 2.12, the next Daily ReportTermination Date), and . The Percentage Factor shall remain constant during from the time as of which any period between recomputationssuch computation or recomputation is made until the time as of which the next such recomputation, if any, shall be made. At all times on and after the Termination Date until the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall equal 100%. Following any assignment of any portion of the Transferred Interest to the Committed Purchasers in any Related Group pursuant to the relevant Asset Purchase AgreementsAgreement, the Funding Agent for each CP Conduit Purchaser and Committed Purchaser such RECEIVABLES TRANSFER AGREEMENT Related Group shall, at all times and from time to time, calculate such CP Conduit Purchaser's and such Committed Purchaser's Pro Rata Share pro rata interest in the Percentage Factor and regularly report thereon to the Administrative Agent (with copies thereof to the Transferor).

Percentage Factor. The Percentage Factor shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Incremental Transfer hereunder. Thereafter, until the Termination Date, the Percentage Factor shall be automatically recomputed upon as of the date close of any Incremental Transfer business of the Collection Agent on each Business Day and (if there on each Saturday on which the Collection Agent is not otherwise an Incremental Transfer on such day) on open until the date of delivery of each Weekly Report (or, if Daily Reports are then required to be delivered pursuant to Section 2.12, the next Daily Report), and Termination Date. The Percentage Factor shall remain constant during from the time as of which any period between recomputationssuch computation or recomputation is made until the time as of which the next such recomputation, if any, shall be made. At all times on and after the Termination Date until the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall equal 100%. Following any assignment of any portion of the Transferred Interest to the Committed Purchasers in any Related Group pursuant to the relevant Asset Purchase AgreementsAgreement, the Funding Agent for each CP Conduit Purchaser and Committed Purchaser such Related Group shall, at all times and from time to time, calculate such CP Conduit Purchaser's and such Committed Purchaser's Pro Rata Share pro rata interest in the Percentage Factor and regularly report thereon to the Administrative Agent (with copies thereof to the Transferor).