Bulk Purchase definition

Bulk Purchase means a purchase of Contracts from any one seller (other than from another Borrower), in a single transaction or as part of an integrated series of transactions (other than a purchase of Contracts in connection with a Permitted Facility or a Permitted Transfer). A Permitted Acquisition shall be deemed to not constitute a Bulk Purchase.

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Bulk Purchase means any purchase of the Samsung Products under this Program beyond the permissible limit and period as detailed under Annexure A and “Bulk Purchaser” refers to the person in whose name such purchase is concluded and who is ineligible to avail any benefits under this Program.

Bulk Purchase means the purchase of more than 50 (fifty) assets in a single transaction from the same seller or seller group.

Examples of Bulk Purchase in a sentence

Failure to do so may result in a purchase not being considered a Bulk Purchase and as such be subject to state competitive procurement laws.
Without Agent’s prior approval, Borrowers shall not make any Bulk Purchase, (i) during any period of time when Hypothetical Availability is less than or equal 15% of the Credit Facility Exposure or (ii) that, on a pro forma basis, after giving effect to the contemplated Bulk Purchase, would result in Hypothetical Availability being less than or equal to 15% of the Credit Facility Exposure.
Each Eligible Mortgage acquired from the Company under the Warehouse Facility except Bulk Purchase Mortgages shall have a Commitment.
The amount of the Value Replacement Payment on any day for a Bulk Purchase Mortgage or Lost Commitment Mortgage is the amount, if greater than zero, sufficient to cause (i) the Minimum Net Share for that day for that Mortgage based on the purchase price paid by the Warehouse Purchasers for that Mortgage (reduced by this and any prior Value Replacement Payment), to be no greater than (ii) the value on that day of mortgage-backed securities based on and backed by mortgage loans comparable to the Mortgage.
The outstanding balance of the aggregate purchase prices paid to the Company by the Warehouse Purchasers for Bulk Purchase Mortgages which have not yet been sold to an Investor shall not exceed the Bulk Purchase Sub-Limit at any time.

More Definitions of Bulk Purchase

Bulk Purchase means the purchase by Buyer of more than one (1) Mortgage Loan on the same date from Seller. The Mortgage Loan file shall not be deemed complete until the receipt by Buyer of the original executed Mortgage Note endorsed in blank or to Buyer, together with the other documents required by the Loan Agreement. Such cover letter, when executed by Buyer, shall constitute acknowledgment by Buyer of Lender's security interest in the related Collateral, provided, however, that the failure of Buyer to acknowledge such cover letter shall not impair or affect the enforceability of this Bailee Agreement or of Lender's lien on the related Collateral evidenced hereby. Borrower shall not be required to return a cover letter to Lender for a non Bulk Purchase.

Bulk Purchase means a purchase in which a purchaser buys a large quantity of a product in order to obtain a reduced unit price;

Bulk Purchase means any single purchase of Chattel Paper by Borrower from a third party that involves the purchase of more than one Receivable.

Bulk Purchase means the purchase of any Standard Bulk Product or Non-Standard Bulk Product.

Bulk Purchase means a purchase of Contracts from any one seller (other than from another Borrower or a Bank Originator pursuant to the terms of a Bank Originator Program), in a single transaction or as part of an integrated series of transactions (other than a purchase of Contracts in connection with a Permitted Facility or a Permitted Transfer). A Permitted Acquisition shall be deemed to not constitute a Bulk Purchase.

Bulk Purchase means the purchase of any Standard Bulk Product or Non-Standard Bulk Product. “Bulk Sale Mortgage File” means, collectively, with respect to any Bulk Sale Program Mortgage Loan, the microfiche copies and/or hard copies and/or imaging copies (and/or copies in any other media or format) of the following documents: (a) the Mortgage Note; (b) the recorded Mortgage or other deed, mortgage or any other instrument which constitutes a first lien on the Mortgaged Property securing payment by a Mortgagor of a Mortgage Note; (c) the recorded assignment to MLCC, if any; (d) all related intervening assignments of mortgage, if any; (e) the original mortgagee policy of title insurance, including riders and endorsements thereto (required to have the first page with recording information and property location); (f) adjustable rate mortgage rider certificates, if applicable; (g) appraisal of related Mortgaged Property; (h) mortgage insurance certificates, if applicable; (i) HUD1; (j) flood certification; (k) any applicable riders to the Mortgage Notes; (1) final truth-in-lending documents; (m) consolidation and extension documents for modifications; (n) if the Mortgage Note or Mortgage or any other material document or instrument relating to the Mortgage Loan has been signed by a person on behalf of the Mortgagor, the original or copy of power of attorney or other instrument that authorized and empowered such person to sign bearing evidence that such instrument has been recorded, if so required in the appropriate jurisdiction where the Mortgaged Property is located; (o) primary insurance policy; (p) the original of any guarantee executed in connection with the Mortgage Note; (q) the original of any security agreement, chattel mortgage or equivalent document executed in connection with the Mortgage; and (r) for co-op loans, (A) any original Form UCC-1 and any continuation statements with evidence of filing thereon entered into by the Mortgagor with respect to such co-op loan (or a recorded copy thereof); (B) Form UCC-3 (or copy thereof) assigning the security interest covered by such Form UCC-1 pursuant to (A) above, together with all Forms UCC-3 (or copies thereof) showing a complete chain of assignment from the originator of the related co-op loan to the Correspondent Lender, if applicable; (C) the co-op lease, any assignment of the co-cop lease to the Correspondent Lender and all intervening assignments; and (D) the recognition agreement. “Bulk Sale Origination Assistance...

Bulk Purchase means a purchase of Parts Inventory or Engine Inventory by a Borrower or by various Borrowers in connection with a single transaction or a related series of transactions with a purchase price in excess of $1,000,000.