Examples of Alternate Purchasers in a sentence
In connection with an Assignment from any Conduit Purchaser to the Alternate Purchasers in its Purchaser Group pursuant to this Section 8.01, each Alternate Purchaser shall, on the date of such Assignment, pay to such Conduit Purchaser its Pro Rata Share of the applicable Assignment Amount against delivery by such Conduit Purchaser of an Assignment and Assumption Agreement.
Upon any such election by a Conduit Purchaser or any such direction by the Transferor, such Conduit Purchaser shall make an Assignment and the Alternate Purchasers in the related Purchaser Group shall accept such Assignment and shall assume all or a portion of the obligations of such Conduit Purchaser hereunder.
In addition, at any time, a Conduit Purchaser may elect to assign all or a portion of its interest in any of the Senior Securities of its Purchaser Group to the Alternate Purchasers in its Purchaser Group pursuant to this Section 8.01.
The Seller desires to sell, transfer and assign an undivided variable percentage interest in a pool of receivables, and the Issuer may, from time to time, in its sole discretion, and the Alternate Purchasers shall, from time to time, acquire such undivided variable percentage interest, as such percentage interest shall be adjusted from time to time based upon, in part, reinvestment payments which are made by the Issuer and/or the Alternate Purchaser and additional incremental payments made to the Seller.
Pursuant to an Assignment and Assumption Agreement in the form attached hereto as Exhibit A, the Conduit Purchasers and Alternate Purchasers shall sell the Class C Securities to the Transferor.
Each Defaulting Alternate Purchaser shall forthwith, upon demand, pay to the Administrative Agent for the ratable benefit of the Non-Defaulting Alternate Purchasers all amounts paid by each Non-Defaulting Alternate Purchaser on behalf of such Defaulting Alternate Purchaser, together with interest thereon, for each day from the date a payment was made by a Non-Defaulting Alternate Purchaser until the date such Non-Defaulting Alternate Purchaser has been paid such amounts in full, at the Overdue Rate.
If such funding is requested of the Issuer, the Administrator shall promptly thereafter notify the Seller whether such terms are acceptable to the Issuer and whether the Issuer is willing to make such a purchase; provided, however, if -------- ------- such purchase is not acceptable to the Issuer, then if acceptable to the Seller, the Alternate Purchasers shall make such purchase.
Subject to Section 2.2(a) hereof, in the case of a Non-Delayed Funding Purchaser that is a Non-Conduit Committed Purchaser, such Non-Conduit Committed Purchaser hereby agrees, or, in the case of a Non-Delayed Funding Purchaser that is a Purchaser Group, the Conduit in such Purchaser Group may agree, in its sole discretion, and the Alternate Purchasers in such Purchaser Group hereby agree, to fund such portion of the Increase on such Funding Date.
In the event that the Assignment Amount paid by the Alternate Purchasers is less than the sum of the portion of the applicable Purchaser Group Percentage of the Invested Amount subject to such Assignment plus the interest component of all outstanding Commercial Paper with respect thereto, then to the extent payments made hereunder in respect of the Invested Amount exceed the Assignment Amount, such excess amounts shall be remitted by the applicable Managing Agent to the Conduit Purchaser.
Following the payment of such purchase price, (x) the extended Termination Date shall be effective with respect to the renewing Alternate Purchasers, (y) the Facility Limit shall automatically be reduced by the aggregate of the Commitments of all non-renewing Alternate Purchasers, and (z) this Agreement and the Commitments of the renewing Alternate Purchasers shall remain in effect in accordance with their terms notwithstanding the expiration of the Commitments of the non-renewing Alternate Purchasers.