Initial Purchase Date definition

Initial Purchase Date means the date on which the first Purchase made pursuant to this Agreement shall occur.

Initial Purchase Date has the meaning set forth in Section 2.1(b) hereof.

Initial Purchase Date. The first Payment Date following the month in which the Pool Balance is initially reduced to less than 20% of the Cut-off Date Balance.

Examples of Initial Purchase Date in a sentence

• If the Residual Holder fails to exercise such option on the Initial Purchase Date, the Note Interest Rate for each Class of Notes will be increased as set forth in the table in the Preliminary Statement herein beginning on the Step-up Date and for each Payment Date thereafter.

• Upon the sale to the Company pursuant to this Agreement of each new Receivable and on the Initial Purchase Date for then existing Receivables, the Company shall have valid ownership interest in each Purchased Receivable at the time of such creation or purchase, free and clear of any lien, security interest, hypothecation, assignment or material encumbrance, other than liens and security interests contemplated in this Agreement or the Receivables Loan Agreement.

• On the Initial Purchase Date, the Company shall pay a percentage of the purchase price equal to a fraction, the numerator of which is the aggregate Loan Amount (as defined in the Receivables Loan Agreement) received by the Company pursuant to the Receivables Loan Agreement on the Initial Purchase Date and the denominator of which is the aggregate amount of Receivables purchased by the Company from the Originator and its affiliates on the Initial Purchase Date.

• On each Monthly Settlement Date occurring after the Initial Purchase Date, the difference between (x) the total purchase price payable to the Originator for all Purchased Receivables originated by the Originator during the Settlement Period ending on such Monthly Settlement Date that were not in existence on the Initial Purchase Date and (y) the amount of such purchase price paid in cash during that Settlement Period shall be credited to the Note.

• The Originator intends such sale to be a true sale of all rights and interests of the Originator in the Purchased Receivables of the Originator in existence on the Initial Purchase Date and of each Purchased Receivable thereafter generated by the Originator as it is created until the Originator Termination Date.

More Definitions of Initial Purchase Date

Initial Purchase Date means June 4, 1999.

Initial Purchase Date means the date of the Initial Purchase.

Initial Purchase Date means March 26, 2012 or the first date thereafter on which all of the conditions precedent specified in Sections 3.01 and 3.02 have been satisfied.

Initial Purchase Date means the first Purchase Date on which Receivables are purchased by the Purchaser from any Seller under this Agreement.

Initial Purchase Date. The first Distribution Date following the month in which the Pool Balance is initially reduced to less than [ ]% of the Cut-off Date Balance.

Initial Purchase Date means the Closing Date or such later date as the parties hereto shall agree.

Initial Purchase Date means the date on which the initial Purchase under the XXX Purchase Agreement is made.