Common use of PURCHASES OF ASSET INTERESTS Clause in Contracts

PURCHASES OF ASSET INTERESTS. (a) On the terms and conditions hereinafter set forth, the Seller may on any Purchase Date during the period from the date hereof to but not including the Termination Date, at its option, sell and assign Asset Interests to the Purchasers. The Deal Agent may act on behalf of and for the benefit of the Purchasers in this regard. VFCC may, in its sole discretion, purchase, or if VFCC shall decline to purchase, the Liquidity Agent shall purchase on behalf of the Investors, Asset Interests from time to time during the period from the date hereof to but not including the Termination Date. Under no circumstances shall any Purchaser make the initial Purchase or any Incremental Purchase if, after giving effect to such Purchase or Incremental Purchase, the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Purchase Limit or (ii) the Capital Limit. Each Asset Interest purchased by any Purchaser hereunder is subject to the interests of the Hedge Counterparties under Sections 2.7(a)(i) and (x) of this Agreement.

PURCHASES OF ASSET INTERESTS. (a) On the terms and conditions hereinafter set forth, the Seller may on any Purchase Date during the period from the date hereof to but not including the Termination Date, at its option, sell and assign Asset Interests to the Purchasers. The Deal Agent may act on behalf of and for the benefit of the Purchasers in this regard. VFCC may, in its sole discretion, purchase, or if VFCC shall decline to purchase, the Liquidity Agent shall purchase on behalf of the Investors, Asset Interests from time to time during the period from the date hereof to but not including the Termination Date. Under no circumstances shall any Purchaser make the initial Purchase or any Incremental Purchase if, after giving effect to such Purchase or Incremental Purchase, the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Purchase Limit or (ii) the Capital Limit. Each Asset Interest purchased by any Purchaser hereunder is subject to the interests of the Hedge Counterparties under Sections 2.7(a)(i), 2.8(a)(i) and 2.9 (xb)(i) of this Agreement.