Common use of Purchases by Windmill Clause in Contracts

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.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Ipalco Enterprises, Inc.), Receivables Sale Agreement (Ipalco Enterprises, Inc.), Receivables Sale Agreement (Ipalco Enterprises, Inc.)

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