Conduit Investors definition
Conduit Investors has the meaning set forth in the preamble to the Series 2022-1 Class A-1 Note Purchase Agreement.
Conduit Investors has the meaning specified in the Preamble.
Conduit Investors has the meaning set forth in the recitals hereto.
Examples of Conduit Investors in a sentence
The obligations of the Conduit Investors under this Agreement are solely the corporate obligations of the Conduit Investors.
More Definitions of Conduit Investors
Conduit Investors means any Purchaser which is designated as a Conduit Investor on the signature pages hereto, or in the Investor Group Supplement or Addendum pursuant to which such Purchaser became a party hereto.
Conduit Investors. Any special purpose entity that finances its activities directly or indirectly through asset backed commercial paper that becomes a party to this Agreement in accordance with the terms hereof and any Conduit Assignee of any of the foregoing.
Conduit Investors have the meaning specified in the preamble hereto and shall include each Person that becomes a party hereto as a Conduit Investor after the Series 2025-2 Closing Date, including pursuant to an Assignment and Assumption Agreement or Investor Group Supplement, in each case, other than any such Person that ceases to be a party hereto, including pursuant to an Assignment and Assumption Agreement or Investor Group Supplement.
Conduit Investors have the meaning specified in the preamble hereto. “Conduit Investor Amounts” has the meaning specified in Section 9.10(c). “CP Advance” means a Series 2018-1 Class A Advance funded or maintained through the issuance of Commercial Paper that bears interest at the CP Rate during such time as it bears interest at such rate, as provided herein. “CP Funding Rate” means, with respect to each Conduit Investor, for any day during any Interest Accrual Period, for any CP Advance funded by such Conduit Investor, the per annum rate equivalent to the weighted average cost (as determined by the related Funding Agent, and which shall include (without duplication) the fees and commissions of placement agents and dealers, incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Conduit Investor, other borrowings by such Conduit Investor and any other costs associated with the issuance of Commercial Paper) of or related to the issuance of Commercial Paper that are allocated, in whole or in part, by such Conduit Investor or its related Funding Agent to fund or maintain such CP Advances for such Interest Accrual Period (and which may also be allocated in part to the funding of other assets of the Conduit Investor); provided, however, that if any component of any 4 DMSLIBRARY01\32647597
Conduit Investors means, initially, CAFCO, LLC and CRC FUNDING, LLC, together with their successors and assigns, including any of their Conduit Assignees. A “Conduit Investor” may include one or more commercial paper conduits as long as such commercial paper conduits are either (i) Affiliates of one another or (ii) administered by the same Person or its Affiliates. If a “Conduit Investor” consists of more than one commercial paper conduit, each such commercial paper conduit will have the rights and obligations with respect to the Note as may be determined between them from time to time.
Conduit Investors has the meaning set forth in the preamble to the Series 2025-1 Class A-1 Note Purchase Agreement. “CP Advance” has the meaning set forth in Section 1.02 of the Series 2025-1 Class A-1 Note Purchase Agreement. “CP Rate” has the meaning set forth in Section 1.02 of the Series 2025-1 Class A-1 Note Purchase Agreement. “Daily Commitment Fees Amount” means, for any day during any Interest Accrual Period, the Undrawn Commitment Fees that accrue for such day. “Daily Post-Renewal Date Contingent Interest Amount” means, for any day during any Interest Accrual Period commencing on or after the Series 2025-1 Class A-1 Notes Renewal Date, the sum of (a) the result of (i) the product of (x) the Series 2025-1 Class A-1 Post-Renewal Date Contingent Interest Rate and (y) the Series 2025-1 Class A-1 Outstanding Principal Amount (excluding any Base Rate Advances and Undrawn L/C Face Amounts included therein) as of the close of business on such day divided by (ii) 360 and (b) the result of (i) the product of (x) the Series 2025-1 Class A-1 Post-Renewal Date Contingent Interest Rate and (y) any Base Rate Advances included in the Series 2025-1 Class A-1 Outstanding Principal Amount as of the close of business on such day divided by (ii) 365 or 366, as applicable. “Decrease” means a Mandatory Decrease or a Voluntary Decrease, as applicable. “Definitive Notes” has the meaning set forth in Section 4.2(c) (Issuance of Series 2025-1 Class A-2 Notes—Definitive Notes) of this Series Supplement. “Depository” means the depository or the custodian specified herein to whom the Notes of a Class of a Series, upon original issuance, may be issued and delivered. “DTC” means The Depository Trust Company and any successor thereto. “Estimated Class A-1 Daily Interest Amount” means (a) for the first Interest Accrual Period, the Class A-1 Daily Interest Amount as of the Series 2025-1 Closing Date and (b) for any other Interest Accrual Period, the Class A-1 Daily Interest Amount for the first day of the Quarterly Collection Period during which such Interest Accrual Period commenced. “Estimated Daily Commitment Fees Amount” means (a) for the first Interest Accrual Period, the Daily Commitment Fees Amount as of the Series 2025-1 Closing Date and (b) for any other Interest Accrual Period, the Daily Commitment Fees Amount for the first day of the Quarterly Collection Period during which such Interest Accrual Period commenced. “Funding Agent” has the meaning set forth in the preamble to the Series 2025...
Conduit Investors. Has the meaning specified in the Note Purchase Agreement. Contract: With respect to a Retail Note or Retail Lease, the related contract(s) or other agreement(s) with the related Obligor which set forth the terms of such Retail Note or Retail Lease.