Parallel Purchase Commitment definition

Parallel Purchase Commitment means the following: for the Interim Term $51,343,000 and for the Basic Term an amount equal to the product of the principal amount of the Notes multiplied by 102% (rounded upward to the nearest $1000).

Parallel Purchase Commitment means the Second Amended and Restated Receivables Purchase Agreement dated as of the date hereof among the Seller, the Servicer, the Liquidity Banks from time to time party thereto, the Group Managing Agents from time to time party thereto and JPMorgan, as Administrative Agent, which amends and restates the Original Parallel Purchase Commitment, and as the same may from time to time be further amended, supplemented or otherwise modified.

Parallel Purchase Commitment means the Fourth Amended and Restated Parallel Purchase Commitment dated as of the date hereof among the Seller, the Liquidity Banks and CNAI, as Agent, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with its terms.

Examples of Parallel Purchase Commitment in a sentence

• Except as contemplated by this Agreement or the Parallel Purchase Commitment, sell, lease, transfer or otherwise dispose of any assets.

• The Purchase Limit shall automatically terminate in whole on any day on which the Seller shall terminate in whole the Commitment pursuant to Section 2.03(a) of the Parallel Purchase Commitment.

• Except as otherwise provided herein or in the Receivables Contribution and Sale Agreement or the Parallel Purchase Commitment, create, incur, assume or suffer to exist any Debt.

• On each day on which the Seller shall, pursuant to Section 2.03(a) of the Parallel Purchase Commitment, reduce in part the unused portion of the Commitment (as defined in the Parallel Purchase Commitment), the Purchase Limit shall automatically reduce by an equal amount.

• The Purchase Limit of any Investor shall automatically terminate in whole on any day on which the Seller shall terminate in whole the Bank Commitment of each Liquidity Bank which is a Member (as defined in the Parallel Purchase Commitment) of the Investor Group of such Investor pursuant to Section 2.03(a) of the Parallel Purchase Commitment.

More Definitions of Parallel Purchase Commitment

Parallel Purchase Commitment means the Third Amended and Restated Parallel Purchase Commitment dated as of the date hereof among the Seller, the financial institutions party thereto and CNAI, as Agent, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with its terms.

Parallel Purchase Commitment by any Bank that is a member of such Investor's Group is equal to such Investor's Percentage of the Total Outstanding Capital.

Parallel Purchase Commitment has the meaning specified in Preliminary Statement (4).

Parallel Purchase Commitment means the following: for the Interim Term $52,377,000 and for the Basic Term an amount equal to the product of the principal amount of the Notes multiplied by 102% (rounded upward to the nearest $1000).

Parallel Purchase Commitment means the Second Amended and Restated Receivables Purchase Agreement dated as of May 23, 2002 among the Seller, the Servicer, the Liquidity Banks from time to time party thereto, the Group Managing Agents from time to time party thereto and JPMorgan, as Administrative Agent, which amends and restates the Original Parallel Purchase Commitment, and as the same may from time to time be further amended, supplemented or otherwise modified.

Parallel Purchase Commitment means the Parallel Purchase Commitment, dated as of May 10, 1993, among the Seller, Citibank, the other financial institutions party thereto and CNAI, as Agent, as the same may be amended from time to time in accordance with its terms.

Parallel Purchase Commitment means the Second Amended and Restated Parallel Purchase Commitment, dated as of July 31, 1997 among the Seller, the financial institutions party thereto and CNAI, as Agent, as the same may be amended from time to time in accordance with its terms.