Purchase and Settlements Clause Samples

Purchase and Settlements. 2 Section 2.1 Facility....................................................................

Purchase and Settlements. 13- 2.1. Purchases of Receivables; Agreement to Purchase -13- 2.2. Payment for the Purchases -15- 2.3. Purchase Price Credit Adjustments -16- 2.4. Payments and Computations, Etc. -17- 2.5. Transfer of Records to Purchaser -17- SECTION 2.6. Protection of Ownership Interest of the Purchaser -18- ARTICLE III REPRESENTATIONS AND WARRANTIES -20- SECTION 3.1. Representations and Warranties of the Seller -20- SECTION 3.2. Reaffirmation of Representations and Warranties by the Seller -24- ARTICLE IV CONDITIONS PRECEDENT -25- 4.1. Conditions Precedent to Closing. -25- 4.2. Conditions Precedent to Ongoing Purchases. -25-

Purchase and Settlements. 31 SECTION 2.1. Facility 31 SECTION 2.2. Transfers; Certificates; Eligible Receivables 31 SECTION 2.3. Selection of Tranche Periods and Tranche Rates 35 SECTION 2.4. Discount, Fees and Other Costs and Expenses 38 SECTION 2.5. NonLiquidation Settlement and Reinvestment Procedures 39 SECTION 2.6. Liquidation Settlement Procedures. 39 SECTION 2.7. Fees 41 SECTION 2.8. Protection of Ownership Interest of the Company and the Bank Investors; Special Accounts and Concentration Account 41 SECTION 2.9. Deemed Collections; Application of Payments 43 SECTION 2.10. Payments and Computations, Etc 44 SECTION 2.11. Reports 44 SECTION 2.12. Collection Account 45 SECTION 2.13. Sharing of Payments, Etc 45 SECTION 2.14. Right of Setoff 46 SECTION 2.15. Additional Transferring Affiliates 46 ARTICLE III

Purchase and Settlements