Purchases by Windmill Sample Clauses
The "Purchases by Windmill" clause defines the terms and conditions under which Windmill, as a party to the agreement, is permitted or required to make purchases. Typically, this clause outlines the types of goods or services Windmill may acquire, any limitations on quantities or sources, and the procedures for placing orders or making payments. For example, it may specify that Windmill can only purchase certain products from approved suppliers or must follow a set approval process for each transaction. The core function of this clause is to establish clear guidelines for purchasing activities, thereby reducing misunderstandings and ensuring both parties are aware of their rights and obligations regarding procurement.
Purchases by Windmill. Windmill may at any time deliver to the Agent and each Liquidity Provider a notification of assignment in substantially the form of Exhibit B. If Windmill delivers such notice, each Liquidity Provider shall sell to Windmill and Windmill shall purchase in full from each Liquidity Provider, the Investment of the Liquidity Providers on the last day of the relevant Tranche Periods, at a purchase price equal to such Investment plus accrued and unpaid Discount thereon. Any sale from any Liquidity Provider to Windmill pursuant to this Section 2.2 shall be without recourse, representation or warranty except for the representation and warranty that the Investment sold by such Liquidity Provider is free and clear of any Adverse Claim created or granted by such Liquidity Provider and that such Purchaser has not suffered a Bankruptcy Event.
Purchases by Windmill. If the Seller requests an increase in Windmill’s Investment when any Windmill Committed Purchaser has any outstanding Investment, Windmill shall determine the amount, if any, by which it desires to increase its Investment (the “Desired Increase”) and shall so notify the Windmill Purchaser Agent. If Windmill has a Desired Increase, the Windmill Purchaser Agent shall deliver to the Windmill Committed Purchasers a notification of assignment in substantially the form of Exhibit C and, before purchasing any additional Investment from the Seller, Windmill shall purchase in full the Investment of the Windmill Committed Purchasers, at a purchase price equal to such Investment plus accrued and unpaid Discount thereon. As a condition to any such sale of Investment by Windmill Committed Purchasers to Windmill, the Seller must pay the Early Payment Fee then owed to such Windmill Committed Purchasers. Any sale from any Windmill Committed Purchaser to Windmill pursuant to this Section 2.2 shall be without recourse, representation or warranty except for the representation and warranty that the Investment sold by such Windmill Committed Purchaser is free and clear of any Adverse Claim created or granted by such Windmill Committed Purchaser and that such Windmill Committed Purchaser has not suffered a Bankruptcy Event.
Purchases by Windmill. Windmill may at any time deliver to the Agent and each Committed Purchaser a notification of assignment in substantially the form of Exhibit B. If Windmill delivers such notice, each Committed Purchaser shall sell to Windmill and Windmill shall purchase in full from each Committed Purchaser, the Investment of the Committed Purchasers on the last day of the relevant Tranche Periods, at a purchase price equal to such Investment plus accrued and unpaid Discount thereon. Any sale from any Committed Purchaser to Windmill pursuant to this Section 2.2 shall be without recourse, representation or warranty except for the representation and warranty that the Investment sold by such Committed Purchaser is free and clear of any Adverse Claim created or granted by such Committed Purchaser and that such Purchaser has not suffered a Bankruptcy Event.