Examples of Delaying Purchaser in a sentence
A Designated Delay Funding Purchaser that delivers a Delayed Funding Notice specifying a Delayed Amount with respect to any Incremental Funding Date shall be referred to herein as a “Delaying Purchaser” with respect to such Incremental Funding Date, and any Purchaser Group containing a Delaying Purchaser shall be referred to as a “Delaying Purchaser Group” with respect to such Incremental Funding Date.
If the Transferor elects to treat the Purchasers in a Delaying Purchaser Group as Non-Extending Purchasers pursuant to Section 2.02(e)(ii) above, then (i) such Delayed Funding Date shall be deemed to be the Scheduled Purchase Expiration Date for such Delaying Purchasers and (ii) such Delaying Purchasers shall continue to be obligated to fund any amount required under Section 2.02(d) on the related Delayed Funding Date.
Notwithstanding anything to the contrary contained in Section 2.02(d), any Delaying Committed Purchaser or Delaying Purchaser Group that the Transferor has elected to prepay in full pursuant to Section 2.02(e) shall have no obligation to fund any further amounts hereunder.
Notwithstanding any provision hereof to the contrary, the Transferor may at any time prior to the Delayed Funding Date revoke by written notice to the applicable Delaying Purchaser Group any Notice of Incremental Funding with respect to all or any portion of a Delayed Amount constituting a Delayed Funding Shortfall Amount and the related Delaying Committed Purchaser or Delaying Purchaser Group will not be entitled to any indemnification by the Transferor due solely to such revocation or reduction.
Notwithstanding anything to the contrary contained in this Agreement or any other Transaction Document, a Delaying Purchaser that (i) has timely delivered a Delayed Funding Notice to the Seller with respect to any Purchase and (ii) funds its full share of such Purchase on or before the applicable Delayed Funding Date will not be deemed to be in default under this Agreement solely due to its failure to fund its share of such Purchase on the date requested by the Seller.
Any Related Committed Purchaser that delivers a Delayed Funding Notice with respect to any Purchase shall be referred to herein as a “Delaying Purchaser” with respect to such Purchase, and any Group containing a Delaying Purchaser shall be referred to as a “Delaying Group” with respect to such Purchase.