Common use of SPV’s Obligation to Pay Certain Amounts; Additional Assignment Amount Clause in Contracts

SPV’s Obligation to Pay Certain Amounts; Additional Assignment Amount. The SPV shall pay to the related Class Agent, for the account of the related Conduit Investor, in connection with any assignment by such Conduit Investor to the related Alternate Investors pursuant to this Section 3.1, an aggregate amount equal to all Yield to accrue through the end of the current Rate Period to the extent attributable to the portion of the Class Net Investment so assigned to the related Alternate Investors (which Yield shall be determined for such purpose using the CP Rate most recently determined by the related Class Agent) (as determined immediately prior to giving effect to such assignment), plus all other Aggregate Unpaids (other than the Class Net Investment and other than any Yield not described above) related to such Class. If the SPV fails to make payment of such amounts at or prior to the time of assignment by a Conduit Investor to the related Alternate Investors, such amount shall be paid by the related Alternate Investors (in accordance with their respective Alternate Investor Percentages) to such Conduit Investor as additional consideration for the interests assigned to such Alternate Investors and the amount of the related Class Net Investment shall be increased by an amount equal to the additional amount so paid by the Alternate Investors (which increase shall be allocated pro rata to the Alternate Investors that have funded such amounts, based upon the proportion that the amount funded by each such Alternate Investor bears to the aggregate of such amounts). Any payment by the SPV required to made under this Section 3.1(b) shall be paid as soon as possible from the SPV’s share of Collections and, in any event, shall become due and payable on the earlier to occur of (i) the next Settlement Date after the obligation to make such payment arises and (ii) the Termination Date.

Appears in 5 contracts

Samples: Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc)

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SPV’s Obligation to Pay Certain Amounts; Additional Assignment Amount. The SPV shall pay to the related Class Administrative Agent, on behalf of a Funding Agent, for the account of the related Conduit Investor, in connection with any assignment by such Conduit Investor to the related Related Alternate Investors pursuant to this Section 3.1Agreement, an aggregate amount equal to all Yield to accrue through the end of the current Rate Period to the extent attributable to the portion of the Class Net Investment so assigned to the related such Alternate Investors (which Yield shall be determined for such purpose using the CP Rate most recently determined by the related Class such Funding Agent) (as determined immediately prior to giving effect to such assignment), plus all other accrued Aggregate Unpaids (other than the Class Net Investment and other than any Yield not described above) related payable to such ClassConduit Investor in respect of such portion of the Net Investment so assigned. If the SPV fails to make payment of such amounts at or prior to the time of assignment by a such Conduit Investor to the related Related Alternate Investors, such amount shall be paid by the related Alternate Investors (in accordance with their respective Alternate Investor PercentagesSpecial Pro Rata Shares) to such Conduit Investor as additional consideration for the interests assigned to such the Alternate Investors and the amount of the related Class Net Investment Investment” hereunder held by the Alternate Investors shall be increased by an amount equal to the additional amount so paid by the Alternate Investors (which increase shall be allocated pro rata to the Alternate Investors that have funded such amounts, based upon the proportion that the amount funded by each such Alternate Investor bears to the aggregate of such amounts). Any payment by the SPV required to made under this Section 3.1(b) shall be paid as soon as possible from the SPV’s share of Collections and, in any event, shall become due and payable on the earlier to occur of (i) the next Settlement Date after the obligation to make such payment arises and (ii) the Termination DateInvestors.

Appears in 3 contracts

Samples: Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc)

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SPV’s Obligation to Pay Certain Amounts; Additional Assignment Amount. The SPV shall pay to the related Class Administrative Agent, on behalf of a Funding Agent, for the account of the related Related Conduit Investor, in connection with any assignment by such Conduit Investor to the related Related Alternate Investors pursuant to this Section 3.1Agreement, an aggregate amount equal to all Yield to accrue through the end of the current Rate Period to the extent attributable to the portion of the Class Net Investment so assigned to the related such Alternate Investors (which Yield shall be determined for such purpose using the CP Rate most recently determined by the related Class such Funding Agent) (as determined immediately prior to giving effect to such assignment), plus all other accrued Aggregate Unpaids (other than the Class Net Investment and other than any Yield not described above) related payable to such ClassConduit Investor in respect of such portion of the Net Investment so assigned. If the SPV fails to make payment of such amounts at or prior to the time of assignment by a such Conduit Investor to the related Related Alternate Investors, such amount shall be paid by the related Alternate Investors (in accordance with their respective Alternate Investor PercentagesSpecial Pro Rata Shares) to such Conduit Investor as additional consideration for the interests assigned to such the Alternate Investors and the amount of the related Class Net Investment Investment” hereunder held by the Alternate Investors shall be increased by an amount equal to the additional amount so paid by the Alternate Investors (which increase shall be allocated pro rata to the Alternate Investors that have funded such amounts, based upon the proportion that the amount funded by each such Alternate Investor bears to the aggregate of such amounts). Any payment by the SPV required to made under this Section 3.1(b) shall be paid as soon as possible from the SPV’s share of Collections and, in any event, shall become due and payable on the earlier to occur of (i) the next Settlement Date after the obligation to make such payment arises and (ii) the Termination DateInvestors.

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc)

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