Exiting Purchaser definition

Exiting Purchaser has the meaning set forth in Section 1.4(b)(ii) of this Agreement.

Exiting Purchaser has the meaning set forth in Section 1.4(b)(ii).

Exiting Purchaser is defined in Section 3.5.

Examples of Exiting Purchaser in a sentence

• If any Committed Purchaser becomes an Exiting Purchaser, such Committed Purchaser’s Commitment shall automatically be reduced to zero on the then-current Purchase Termination Date, without giving effect to any other Purchaser’s agreement to extend the Purchase Termination Date, if any.

• In the event that any Purchaser declines an Extension Request (any such declining Purchaser, an “Exiting Purchaser”), such Exiting Purchaser shall so notify Seller, Administrative Agent and each of the other parties hereto of such Exiting Purchaser’s determination.

• Any Committed Purchaser or Liquidity Purchaser shall become an "Exiting Purchaser" after its scheduled Commitment Expiration Date unless such date has been extended.

• In the event that any Purchaser declines an Extension Request (any such declining Purchaser, an “Exiting Purchaser”), such Exiting Purchaser shall so notify the Servicer (on behalf of the Sellers), the Collateral Agent, each Administrative Agent and each of the other parties hereto of such Exiting Purchaser’s determination.

• No Exiting Purchaser shall have any rights, duties or obligations under the Note Purchase Agreement.

More Definitions of Exiting Purchaser

Exiting Purchaser means each Purchaser in a Purchaser Group for which the Facility Termination Date has occurred (it being understood that if an Exiting Purchaser has multiple Scheduled Facility Termination Dates for its Commitment, then such Purchaser shall only be considered an Exiting Purchaser to the extent its Invested Amount exceeds the portion of its Commitment with respect to which the Scheduled Facility Termination Date has not yet occurred).

Exiting Purchaser has the meaning set forth in Section 1.4(b)(ii) of this Agreement and any Purchaser the Seller designates as an Exiting Purchaser pursuant to Sections 1.7 or 1.8.

Exiting Purchaser means each Purchaser in a Purchaser Group for which the Facility Termination Date has occurred, including, without limitation, because such Purchaser Group declined to extend the Facility Termination Date in accordance with Section 1.6 (it being understood that if an Exiting Purchaser has multiple Scheduled Facility Termination Dates for its Commitment, then such Purchaser shall only be considered an Exiting Purchaser to the extent its Invested Amount exceeds the portion of its Commitment with respect to which the Scheduled Facility Termination Date has not yet occurred).

Exiting Purchaser has the meaning set forth in Section 1.21 of this Agreement.

Exiting Purchaser has the meaning specified in subsection 2.2(e) of this Agreement.

Exiting Purchaser has the meaning set forth in Section 2.02(g).

Exiting Purchaser shall have the meaning specified in subsection 4.6(e).