Investor Purchase Limit means (a) with respect to the Group which contains Gotham and its Related Banks, $100,000,000, as such amount may be reduced or increased pursuant to any Group Assignment entered into by such Group and (b) with respect to any Additional Group, the amount set forth in the Group Assignment pursuant to which such Group became party to this Agreement, as such amount may be reduced or increased pursuant to any further Group Assignment entered into by such Group. Any reduction (or termination) of the Purchase Limit pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Group’s Investor Purchase Limit; provided, that if any Departing Group shall determine not to extend the Commitment Termination Date or shall approve an extension of the Commitment Termination Date based on a reduced Investor Purchase Limit for their Group, then, if the Investors and Banks in the other Groups shall nonetheless determine to extend the Commitment Termination Date, effective from such Commitment Termination Date, the Investor Purchase Limit of the Departing Group shall be so terminated or reduced. Upon such termination or reduction, the Banks in the other Groups shall have the option of increasing their Investor Purchase Limit by up to the full amount of such termination or reduction (the “Investor Purchase Limit Increase Option”). If, within 30 days of notice from the Departing Group that the Departing Group intends to reduce or terminate its Investor Purchase Limit, the Banks in the other Groups choose not to exercise the Investor Purchase Limit Increase Option in full, the Seller shall be permitted to bring in other financial institutions as Banks and Investors hereunder under the terms herein for the remaining Investor Purchase Limit amount.
Investor Purchase Limit means, with respect to the CAFCO Group, $75,000,000. Any reduction (or termination) of the Purchase Limit by Seller pursuant to Section 2.01(b) shall reduce ratably (or terminate) each Group’s Investor Purchase Limit.
Investor Purchase Limit means (a) with respect to the Group consisting of CAFCO and its Related Banks, $125,000,000, and (b) with respect to the Group consisting of Xxxxxxxx and its Related Banks, $125,000,000. Any reduction (or termination) of the Purchase Limit pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Group's Investor Purchase Limit; PROVIDED, that if any Departing Group shall determine not to extend the Commitment Termination Date or shall approve an extension of the Commitment Termination Date based on a reduced Investor Purchase Limit for their Group, then, if the Investors and Banks in the other Groups shall nonetheless determine to extend the Commitment Termination Date, effective from such Commitment Termination Date, the Investor Purchase Limit of the Departing Group shall be so reduced or terminated.
Examples of Investor Purchase Limit in a sentence
Each such notice of a purchase shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $5,000,000, being referred to herein as the initial “Capital” of the Receivable Interest then being purchased), (ii) the allocation of such amount among each of the Groups (which shall be proportional to the Investor Purchase Limit of each Group), and (iii) the date of such purchase (which shall be a Business Day).
Under no circumstances shall either CAFCO or CXXXXX make any such purchase, or the Banks be obligated to make any such purchase, if after giving effect to such purchase the aggregate outstanding Capital of Receivable Interests would exceed the Aggregate Purchase Limit, nor shall CAFCO or CXXXXX make any such purchase if after giving effect to such purchase the outstanding Capital of Receivable Interests purchased by such Investor would exceed its Investor Purchase Limit.
Each such notice of a purchase shall specify (i) the amount requested to be paid to the Seller (such amount, which shall not be less than $3,000,000, being referred to herein as the initial "Capital" of the Receivable Interest then being purchased), (ii) the allocation of such amount among each of the Groups (which shall be proportional to the Investor Purchase Limit of each Group) and (iii) the date of such purchase (which shall be a Business Day).
If any Liquidity Bank does not provide such notice within the time period described in the preceding sentence, then the Revolving Period shall terminate on the last day of the current Revolving Period, unless Liquidity Banks having aggregate Liquidity Bank Commitments equal to the Investor Purchase Limit shall agree to renew the Revolving Period.
More Definitions of Investor Purchase Limit
Investor Purchase Limit set forth in Section 1.01 of the RPA is amended and restated in its entirety to read as follows:
Investor Purchase Limit is hereby amended by deleting the figure “$300,000,000” appearing on the first line thereof, and substituting therefor the figure “$150,000,000”.
Investor Purchase Limit is restated in its entirety as follows:
Investor Purchase Limit means (a) with respect to the Group consisting of CAFCO and its Related Banks, $150,000,000 from and including the first day of the October Fiscal Month of each year and ending on the last day of the January Fiscal Month of the next year, and at all other times, $125,000,000, and (b) with respect to the Group consisting of Xxxxxxxx and its Related Banks, $150,000,000 from and including the first day of the October Fiscal Month of each year and ending on the last day of the January Fiscal Month of the next year, and at all other times, $125,000,000. Any reduction (or termination) of the Purchase Limit pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Group's Investor Purchase Limit; provided, that if any Departing Group shall determine not to extend the Commitment Termination Date or shall approve an extension of the Commitment Termination Date based on a reduced Investor Purchase Limit for their Group, then, if the Investors and Banks in the other Groups shall nonetheless determine to extend the Commitment Termination Date, effective from such Commitment Termination Date, the Investor Purchase Limit of the Departing Group shall be so reduced or terminated.
Investor Purchase Limit is hereby amended and restated in its entirety to read as follows:
Investor Purchase Limit means $75,000,000, as such amount may be reduced by the Issuer from time to time by written notice to the parties to the Note Purchase Agreement, U.S. Bank and the Backup Servicer so long as the Issuer has obtained the prior written consent of the Note Purchaser Agent, and confirmed by the Servicer, or as such amount may be reduced pursuant to the terms of the Basic Documents. References to the unused portion of the Investor Purchase Limit shall mean, at any time, the Investor Purchase Limit, as such may be then reduced pursuant to the terms of the Basic Documents. For avoidance of doubt, the Investor Purchase Limit may not be reduced by the Issuer, the Purchaser, the Servicer or the Seller without the prior written consent of the Note Purchaser Agent.
Investor Purchase Limit of any Investor means (i) with respect to CAFCO, $250,000,000 or such amount as reduced or increased by each assignment entered into between CAFCO and an Eligible Assignee pursuant to Section 10.03(a); or (ii) with respect to CXXXXX, $250,000,000 or such amount as reduced or increased by each assignment entered into between CXXXXX and an Eligible Assignee pursuant to Section 10.03(a); or (iii) with respect to an Investor that has entered into such an assignment, the amount set forth therein as its Investor Purchase Limit or such amount as reduced by each assignment entered into between such Investor and an Eligible Assignee, in each case as reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Aggregate Purchase Limit pursuant to the terms of this Agreement shall (unless otherwise agreed by all the Investors) reduce ratably (or, in the event the Aggregate Purchase Limit is terminated, terminate) each Investor’s Investor Purchase Limit. “Investor Rate” for any Fixed Period for any Receivable Interest purchased by CAFCO or CXXXXX means the per annum rate equivalent to the weighted average of the per annum rates paid or payable by such Investor from time to time as interest on or otherwise (by means of interest rate hxxxxx or otherwise) in respect of those Promissory Notes issued by such Investor that are allocated, in whole or in part, by the Agent (on behalf of such Investor) to fund the purchase or maintenance of such Receivable Interest during such Fixed Period as determined by the Agent (on behalf of such Investor) and reported to the Seller and, if the Collection Agent is not the Seller, the Collection Agent, which rates shall reflect and give effect to the commissions of placement agents and dealers in respect of such Promissory Notes, to the extent such commissions are allocated, in whole or in part, to such Promissory Notes by the Agent (on behalf of such Investor); provided, however, that (i) if any component of such rate is a discount rate, in calculating the “Investor Rate” for such Fixed Period the Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum; (ii) the Investor Rate with respect to Receivable Interests funded by Participants shall be the same rate as in effect from time to time on Receivable Interests or portions thereof that are not funded by a Participant; (iii) if all of the Receivable Interests maintained by such...