Examples of European Purchaser in a sentence
Each of the Borrower, the European Purchaser, the Collection Agent and the Administrative Agent hereby agree that in the event any payment is made into a Collection Account, Concentration Account or Collateral Account with respect to a Receivable that is not a Pool Receivable, such Person shall promptly after becoming aware thereof pay over such payment to the Originator that owns the relevant Receivable.
Each of the Borrower and the European Purchaser agrees that Permitted Investments are of a type customarily sold on a recognized market and, accordingly, no notice of sale of any Permitted Investments shall be required.
The Collection Agent shall xxxx or cause to be marked the Borrower's, the European Purchaser's, the Transferor's and each Originator's master data processing records evidencing the Pool Receivables with a legend, reasonably acceptable to the Administrative Agent, evidencing that the Pool Receivables have been sold to the Borrower or the European Purchaser (as applicable) and a security interest has been granted in favor of the Administrative Agent.
Each Collection Agent Party hereby agrees that it will not institute against the Borrower or the European Purchaser any proceeding of the type referred to in the definition of "Event of Bankruptcy" until there shall have elapsed one year plus one day since the Final Payout Date.
The Borrower will cause all Collection Accounts, and all Concentration Accounts to be subject at all times to a Control Agreement duly executed by the Collection Agent, the Borrower or the European Purchaser (as applicable), the Administrative Agent and the applicable bank at which such account is maintained.
The Borrower and the European Purchaser may assign their rights hereunder only to the Administrative Agent pursuant to the Receivables Loan Agreement and the European Purchaser Security Agreement, as applicable.
In addition, the Transferor may from time to time make loans to the European Purchaser under the European Loan Agreement, the proceeds of which will be used to purchase Receivables from the European Originators pursuant to European Originator Purchase Agreements.
The European Purchaser may enter into the European Originator Purchase Agreements with the European Originators, pursuant to which the European Originators, subject to the terms and conditions contained therein, may from time to time sell all of their respective right, title and interest in their respective Receivables to the European Purchaser.
Each Collection Account and Concentration Account shall be maintained at all times in the name of the Transferor or (x) in the case of a Collection Account maintained outside of the United States and to the extent permitted under the terms of the applicable Originator Purchase Agreement, in the name of the applicable Originator or (y) in the name of the European Purchaser.
No Performance Guarantor may assign or transfer any of its obligations hereunder without the prior written consent of the Transferor, the European Purchaser (if then a party hereto), the Borrower, the Administrative Agent and the Required Committed Lenders.