The Class A Sold Interest Sample Clauses

The Class A Sold Interest. Subject to the terms and conditions hereof, the Seller may, from time to time before the Termination Date, request that the Class A Purchasers make purchases of undivided ownership interests in the Receivables, all related Collections and all proceeds of the foregoing. Upon any such request, subject to the terms and conditions of this Agreement, each Class A Purchaser shall purchase such interest. Such interest shall be transferred to the Agent, as representative of the Class A Purchasers. Any such purchase (a “Class A Purchase”) shall be made by each Class A Purchaser remitting funds to the Agent,
Sample 1
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The Class A Sold Interest. Subject to the terms and conditions hereof, the Seller may, from time to time before the Termination Date, request that the Class A Purchasers make purchases of undivided ownership interests in the Receivables, all related Collections and all proceeds of the foregoing. Upon any such request, subject to the terms and conditions of this Agreement, each Class A Purchaser shall purchase such interest. Such interest shall be transferred to the Agent, as representative of the Class A Purchasers. Any such purchase (a “Class A Purchase”) shall be made by each Class A Purchaser remitting funds to the Agent, pursuant to Section 1.1(c). The ownership interest so acquired by a Class A Purchaser in the Receivables and the related Collections and proceeds is herein called its “Class A Purchase Interest” and entitles such Class A Purchaser to receive payments from the Receivables and the related Collections and proceeds in respect of Class A Investments, Discount and other amounts payable in accordance with the terms of this Agreement, including, without limitation, in accordance with the applicable priorities set forth in Section 1.8. All of the Class A Purchasers’ Class A Purchase Interests at any time are referred to herein as the “Class A Sold Interest”, which at any time is the aggregate ownership interest then held by the Class A Purchasers in the Receivables and the related Collections and proceeds. The parties hereto acknowledge and agree that, immediately prior to the effectiveness of this Agreement, the Class A Purchasers held Class A Purchase Interests with an Aggregate Class A Investment of $164,498,115.70 under the Original Receivables Sale Agreement (the “Original Interest”). The Original Interest shall remain outstanding as hereunder, and nothing in this Agreement shall be deemed to release any ownership or security interest in favor of the Agent or the Purchasers in respect thereof. All amounts accrued and unpaid under the Original Receivables Sale Agreement shall continue to be outstanding and payable under this Agreement.
Sample 1

Related to The Class A Sold Interest

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • The Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates.

  • Class A Notes On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2020-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2020-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2020-1 Rapid Amortization Period.

  • Residual Interest and Transfer of Interests 6 Section 3.1. The Residual Interest. 6

  • Interim Interest If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

  • Residual Interest Notwithstanding anything to the contrary contained herein, the Company is hereby authorized to retain from amounts otherwise distributable to the Holders of the Class R-2 Residual Interest on any Distribution Date sufficient funds to reimburse the Company for the payment of such tax (to the extent that the Company has not been previously reimbursed therefor).

  • Class A Shares Shares of the Company’s $0.01 par value common stock that have been designated as Class A.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • Class A Certificate 7 Class A Principal Distribution Amount..........................................................7

  • Class P Certificate Account (a) The Trustee shall establish and maintain in the name of the Trustee, for the benefit of the Class P Certificateholders, the Class P Certificate Account as a segregated trust account or accounts.

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