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 deemed to be automatically recomputed as of the close of business of the Collection Agent on each day (other than a day on and after the Termination Date). The Percentage Factor shall remain constant from the time as of which any such 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 occurrence of a Termination Event 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 be fixed and shall remain at 100%. Following any assignment of any portion of the Transferred Interest held by a CP Issuer to its related APA Banks, the related Funding Agent shall, at all times and from time to time, calculate such CP Issuer’s and each related APA Bank’s pro rata interest in the Percentage Factor and regularly report thereon to such Transferees (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 deemed to be automatically recomputed as of the close of business of the Collection Agent on each day (other than a day Business Day and on and after each Saturday on which the Collection Agent is open until the Termination Date). The Percentage Factor shall remain constant from the time as of which any such 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 occurrence of a Termination Event Date until the date on which the Net Investment has been reduced to zero zero, all Term-out Period Advances have been repaid in full and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, the Percentage Factor shall be fixed and shall remain at equal 100%. Following any assignment of any portion of the Transferred Interest held by a CP Issuer to its related APA Banksthe Committed Purchasers in any Related Group pursuant to the relevant Asset Purchase Agreement, the related Funding Agent for such Related Group shall, at all times and from time to time, calculate such CP IssuerConduit Purchaser’s and each related APA Banksuch Committed Purchaser’s pro rata interest in the Percentage Factor and regularly report thereon to such Transferees 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 deemed to be automatically recomputed as of the close of business of the Collection Agent on each day (other than a day on and after the Termination Date). The Percentage Factor shall remain constant from the time as of which any such 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 occurrence of a Termination Event 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 be fixed and shall remain at 100%. Following any assignment of any portion of the Transferred Interest held by a CP Issuer to its related APA Banks, the related Funding Agent shall, at all times and from time to time, calculate such CP Issuer’s 's and each related APA Bank’s 's pro rata interest in the Percentage Factor and regularly report thereon to such Transferees (with copies thereof to the Transferor).