Purchaser Funding Clause Samples
Purchaser Funding. On each Settlement Date, if the Payment Amount is positive, each Purchaser shall pay to the Administrative Agent such Purchaser’s Pro Rata Share of such Payment Amount on or prior to 12:00 noon (New York time) by wire transfer to a bank account designated by the Administrative Agent to such Purchaser from time to time. Each Purchaser acknowledges that the Administrative Agent will rely on the payment by such Purchaser of its Pro Rata Share of the Payment Amount on each Settlement Date in order to satisfy its funding requirements to the Sellers.
Purchaser Funding. The aggregate Capital associated with the Purchases by the Purchasers shall accrue Purchaser Yield for each day during its Rate Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to Agent and the applicable Purchaser of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any portion of the Asset Portfolio transferred to the Purchasers pursuant to the terms and conditions hereof shall be the Alternate Base Rate.
Purchaser Funding. Each Purchaser Interest shall accrue Yield for each day during its Tranche Period at either the LIBO Rate, LMIR or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the applicable Purchaser of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest shall be LMIR. Each Purchaser Interest acquired by a Purchaser shall be deemed to have a new Tranche Period commencing on the date of any such purchase.
Purchaser Funding. Funding of the purchase of the eContract shall be accomplished in accordance with the separate agreement of the relevant Participants (transferor and the transferee). Dealertrack has no responsibility for determining when, or whether, funding or payment has occurred. The occurrence or non-occurrence of funding or payment shall not be relevant to a determination of the Owner of Record on the System.
Purchaser Funding. Each Purchaser Interest shall accrue Yield for each day during its Tranche Period at either the LTBOTerm SOFR Rate, LMIRDaily Simple SOFR or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the applicable Purchaser of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest shall be LMIRDaily Simple SOFR. Each Purchaser Interest acquired by a Purchaser shall be deemed to have a new Tranche Period commencing on the date of any such purchase.
Purchaser Funding. (a) Between the Contract Date and the Closing, Purchaser shall not, and the XXXXX (redacted defined term) Companies shall cause Purchaser not to, (i) permit any of its assets to become subject to any Liens, (ii) sell, exchange, transfer, distribute, by dividend or otherwise, or otherwise dispose of any of its assets for less than reasonably equivalent value in the form of cash or Eligible Investments, and shall not invest any of its assets in investments other than cash or Eligible Investments, (iii) commingle any of its assets with the assets or funds of any of its Affiliates, (iv) incur any Indebtedness or become liable with respect to any obligation of any Person except pursuant to the terms of this Agreement or under any of the Ancillary Agreements or (v) engage in any activity other than activities incidental to or required by this Agreement or performance in accordance with their terms of this Agreement or the Ancillary Agreements.
(b) XXXXX (provision redacted in its entirety due to commercially sensitive information, continues on to next page)
(i) XXXXX; and
(ii) XXXXX (provision redacted in its entirety due to commercially sensitive information)
Purchaser Funding. Each Receivable Interest shall accrue Yield for each day at either the LMIR or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the applicable Purchaser of another Yield Rate in accordance with Section 4.3, the initial Yield Rate for any Receivable Interest shall be the LMIR.
Purchaser Funding. The Purchaser has sufficient resources to meet its obligations pursuant to the Program Documents.
Purchaser Funding. To the extent the Purchaser Parent Offering shall not be consummated prior to March 31, 2015, the obligations of the Purchaser to consummate the transactions contemplated by this Agreement shall be subject to: (i) the independent audit committee and the board of directors of the Purchaser Parent having approved that the consummation of the transactions contemplated under this Agreement shall not reasonably likely impair the Purchaser Parent’s ability to meet its existing and anticipated obligations in the ordinary course of business and its anticipated cash flow requirements, taking into account the interests of bondholders, lenders and maximizing value for the Purchaser Parent’s shareholders; and (ii) Koor having approved in writing that the financing of the transactions contemplated under this Agreement shall not be reasonably expected to negatively affect the value of the Purchaser Parent or its financial condition; provided that Koor shall exercise its approval right in a reasonably commercial manner and in good faith and Koor’s approval shall not be withheld for reasons related solely to the Injected Assets (assuming that the value of such assets at the time the transactions are proposed to be closed is not materially different from their current value) (it being acknowledged and clarified that the consummation of the future acquisition described in Section 5.11 of this Agreement, if any, shall be subject to Koor’s approval according to Section 6.02(a) of the Shareholders’ Agreement); and
Purchaser Funding. Yield Payments