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 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.

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

• No effective financing statement or other instrument similarly in effect covering any Contract or any Pool Receivable or Related Security or Collections with respect thereto or any Additional Assigned Rights is on file in any recording office, except those filed in favor of the Agent relating to this Agreement and the Parallel Purchase Commitment or in favor of the Seller and the Agent relating to the Receivables Contribution and Sale Agreement.

• Under no circumstances shall any Investor make any Purchase if, after giving effect to such Purchase, the aggregate outstanding Capital of Eligible Assets owned by such Investor, together with the aggregate outstanding "Capital" of "Eligible Assets" owned by that Liquidity Bank which is an Affiliate of such Investor under the Parallel Purchase Commitment would exceed the Purchase Limit for such Investor.

More Definitions of Parallel Purchase Commitment

Parallel Purchase Commitment means the Parallel Purchase Commitment, dated as of the date hereof, among the Seller, BNS, CNAI and (if applicable) certain other banks, and BNS, as Agent, as the same may, from time to time, be amended, modified or supplemented.

Parallel Purchase Commitment in the definition of "Cure Amount", "Excess Amount", "Seller Collections", and "Transaction Documents", contained in SECTION 1.01 of the Purchase Agreement and in each of Sections 4.01, 4.02 and 5.03 of the Purchase Agreement shall be deemed to be references to the "Purchase Agreement" as defined in this Agreement, (e) references to the term "Liquidity Banks" in the definition of "Eligible Investments" contained in SECTION 1.01 of the Purchase Agreement shall be deemed to be references to the "Members" as defined in this Agreement, (f) unless otherwise expressly set forth herein, all defined terms used in such incorporated definitions, provisions, Exhibits and Schedules shall have the meanings set forth herein and (g) unless otherwise expressly set forth herein, all article, section, paragraph and clause references used in such incorporated definitions, provisions, Exhibits and Schedules shall be references to such article, section, paragraph and clause, respectively, hereof. All references in such incorporated definitions or provisions to this "Agreement", "hereof", "hereunder" or words of similar effect and to the "Administrative Agent" shall, without further reference, mean and refer to this Agreement and JPMorgan as Administrative Agent under this Agreement, respectively; likewise, to the extent any word or phrase is defined in this Agreement, any such word or phrase appearing in provisions so incorporated by reference from the Purchase Agreement shall have the meaning given to it in this Agreement. The incorporation by reference into this Agreement from the Purchase Agreement is for convenience only, and this Agreement and the Purchase Agreement shall at all times be, and be deemed to be and treated as, separate and distinct facilities. Incorporations by reference in this Agreement from the Purchase Agreement shall not be affected or impaired by any subsequent expiration or termination of the Purchase Agreement, nor by any amendment thereof or waiver thereunder unless the Administrative Agent and the Members or the Majority Purchaser Groups, as applicable under SECTION 12.01 hereof, shall have consented to such amendment or waiver in writing.

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 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 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 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.