Initial Purchaser Note definition

Initial Purchaser Note shall have the meaning set forth in Section 203(a) hereof.

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Initial Purchaser Note shall have the meaning assigned to such term in Section 3.1 hereof. LIBO Rate shall have the meaning assigned to such term in Section 2.1 hereof. Loss Discount shall have the meaning assigned to such term in Section 2.1 hereof. Originator Loan shall have the meaning assigned to such term in Section 1.6 hereof. Originator Note shall have the meaning assigned to such term in Section 1.6(a) hereof. Payment Day means (i) the date hereof and (ii) each Business Day thereafter that an Originator is open for business. Purchase Price shall have the meaning assigned to such term in Section 2.1 hereof. Purchase Report shall have the meaning assigned to such term in Section 2.1 hereof. Related Rights shall have the meaning assigned to such term in Section 1.1(a) hereof. Sale Indemnified Amounts shall have the meaning assigned to such term in Section 7.1 hereof. Sale Indemnified Party shall have the meaning assigned to such term in Section 7.1 hereof. Sale Termination Date shall be the Purchase Termination Date under the Receivables Purchase Agreement.

Initial Purchaser Note has the meaning set forth in the Purchase and Sale Agreement.

Examples of Initial Purchaser Note in a sentence

Seller will not amend, modify, terminate, revoke or waive any provision of its certificate of incorporation, the Initial Purchaser Note or the Purchase Agreement.
The Servicer's books and records shall constitute rebuttable presumptive evidence of the principal amount of and accrued and unpaid interest on the Initial Purchaser Note at any time.
If more than one interest rate applies to the Securities under Section 206(b) when a Payment Default occurs, the foregoing calculation shall be made with respect to each outstanding Initial Purchaser Note and each outstanding Transferee Global Note.
Each Originator, by accepting the Purchase Price (whether in cash or by an increase in the principal amount outstanding under the Initial Purchaser Note or a reduction of the Originator Note) paid for each purchase of Pool Receivables and Related Rights on any day, shall be deemed to have certified that its representations and warranties contained in Article V are true and correct on and as of such day, with the same effect as though made on and as of such day.
Each Originator hereby irrevocably authorizes the Servicer to mark ▇▇▇ Initial Purchaser Note "CANCELED" and to return such Initial Purchaser Note to the Initial Purchaser upon the full and final payment thereof after the Sale Termination Date.
Seller will not incur or suffer to exist any Indebtedness other than its obligations to Servicer, the Purchasers and the Administrative Agent hereunder and its obligations to SCI under the Initial Purchaser Note.
If the amount for any applicable Originator described in CLAUSE (x) is greater than the amount described in CLAUSE (y), the Initial Purchaser shall pay to such applicable Originator the difference by increasing the principal amount outstanding under the Initial Purchaser Note payable to such Originator, effective as of the last day of the related Settlement Period.
The obligations of the Initial Purchaser to each Originator under the related Initial Purchaser Note shall be subordinated in accordance with the terms of such Initial Purchaser Note.
Each Originator hereby irrevocably authorizes the Servicer to ▇▇▇▇ its Initial Purchaser Note "CANCELLED" and to return such Initial Purchaser Note to the Initial Purchaser upon the full and final payment thereof after the Purchase and Sale Termination Date.
Neither SCI nor Seller shall amend, waive, terminate or modify any Second Tier Sale Agreement or Initial Purchaser Note.

More Definitions of Initial Purchaser Note

Initial Purchaser Note has the meaning set forth in the applicable Second Tier Sale Agreement.

Initial Purchaser Note has the meaning set forth in SECTION 1.6 of the Purchase and Sale Agreement.

Initial Purchaser Note means the non-negotiable promissory notes, set forth in Annex A to Purchase and Sale Agreement, issued by the Initial Purchaser to each Originator.

Initial Purchaser Note shall have the meaning assigned to such term in SECTION 3.1 hereof.