Examples of Forward Flow Purchase Agreement in a sentence
All Accounts and other Assets purchased by the Borrower during a period of twelve (12) months (or such shorter period as the Lender shall agree to in writing) under a Forward Flow Purchase Agreement shall constitute a single Asset Pool for all purposes of this Agreement and the other Loan Documents.
Each such replacement Note issued in connection with a Loan made in connection with an Asset Pool purchased under a Forward Flow Purchase Agreement shall be issued in replacement of and substitution for, but not in payment of, the previous Note related to such Loan.
The second and each subsequent advance of a Loan made in connection with an Asset Pool purchased under a Forward Flow Purchase Agreement shall be evidenced by a replacement Note, dated as of the Borrowing Date for such second or subsequent advance, as applicable, in the aggregate amount of all advances made of the Loan (without reflecting any repayments of such Loan) and otherwise in substantially the form of Exhibit B-2.
The Borrower will provide to the Lender a duplicate copy of the computer disk (or other medium reasonably acceptable to the Lender) showing all relevant information as to the Accounts being purchased by the Borrower in connection with the acquisition of the Assets contained in a portion of an Asset Pool under a Forward Flow Purchase Agreement not later than five (5) Business Days after the advance of the applicable Loan is made to purchase the Assets contained in such portion of such Asset Pool.
The Loan made by the Lender with respect to an Asset Pool purchased by the Borrower under a Forward Flow Purchase Agreement shall be made in multiple advances, with each such advance of the Loan occurring on the date that the Borrower makes one of the periodic purchases of the Accounts and other Assets under such Forward Flow Purchase Agreement; provided, that, advances shall be made no more often than once per month for any Asset Pool.
With respect to a Loan made by the Lender to the Borrower in connection with an Asset Pool purchased under a Forward Flow Purchase Agreement, the initial advance of such Loan shall be evidenced by a Note, dated as of the Borrowing Date for such initial advance, in the amount of such initial advance and otherwise in substantially the form of Exhibit B-1.
On the Business Day immediately preceding a Borrowing Date for the purchase of a portion of an Asset Pool under a Forward Flow Purchase Agreement, the Borrower shall transfer to the Lender the Borrower's Asset Pool Equity Contribution for such portion of the Asset Pool to be purchased on such Borrowing Date net of all Purchase Expenses paid or incurred by the Borrower with respect to such portion of the Asset Pool to be purchased on such Borrowing Date.
The Borrower and the Lender contemplate that certain of the Purchase Agreements will provide for the purchase by the Borrower from an Asset Pool Seller of Accounts and other Assets on a periodic basis for a specified period of time (for example, the monthly purchase of Accounts and other Assets during a specified period of time) (each such Purchase Agreement is herein called a "Forward Flow Purchase Agreement").
Each Originator will comply with the Credit and Collection Policy with respect to each Receivable originated by it or sold by it to the Seller under the Forward Flow Purchase Agreement.
On the Business Day immediately preceding a Borrowing Date for the purchase of a portion of an Asset Pool under a Forward Flow Purchase Agreement, the Borrower shall transfer the proceeds of the Asset Pool Contribution for such portion of the Asset Pool to be purchased on such Borrowing Date to the Disbursement Account net of all Purchase Expenses paid or incurred by the Borrower with respect to such portion of the Asset Pool to be purchased on such Borrowing Date.