PARCO Interest definition

PARCO Interest means, on any date of determination, the Series 2000-1 Invested Amount less any interest therein transferred to the Series 2000- 1 APA Banks pursuant to Section 2.01 of the Series 2000-1 Asset Purchase Agreement.
Sample 1Sample 2
PARCO Interest means all of the Initial Purchaser's right, title and interest in the Series 1998-1 Purchaser Invested Amount.
Sample 1
PARCO Interest means, on any date of determination, PARCO's undivided ownership interest in the PARCO Facility Interest in an amount equal to the percentage equivalent of a fraction, the numerator of which is the excess, if any, of (a) the aggregate Transfer Prices paid by PARCO for interests in the Transferred Assets pursuant to the Receivables Transfer Agreement over (b) the sum of (i) the aggregate Purchase Amounts specified by PARCO in Sale Notices delivered pursuant to Section 2.1 of the Asset Purchase Agreement and (ii) the aggregate amount of Collections received by the Funding Agent and remitted by the Funding Agent to PARCO to reduce the PARCO Net Investment pursuant to Section 2.4(a) of the Asset Purchase Agreement (unless the PARCO Net Investment shall have been restored because such distribution was rescinded or otherwise returned for any reason) and the denominator of which is the PARCO Facility Net Investment.
Sample 1

Examples of PARCO Interest in a sentence

  • The Series 2000-1 Purchase Amount set forth in the Sale Notice delivered by the Series 2000-1 Initial Purchaser on the Series 2000-1 Commitment Termination Date or upon the occurrence of a PARCO Termination Event shall equal 100% of the PARCO Interest.

  • Each APA Bank shall make a purchase of the PARCO Interest by advancing immediately available funds on such date to PARCO's account at the principal office of the Funding Agent no later than 2:00 P.M. (New York time).

  • Each Series 2000-1 APA Bank hereby agrees to purchase from the Series 2000-1 Initial Purchaser such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 2000-1 Purchase Percentage of the PARCO Interest for a purchase price equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 2000- 1 Purchase Price on such Series 2000-1 Purchase Date (which date, subject to subsection 2.06(b), may be the same as the date of the Sale Notice).

  • On or prior to the Settlement Date, the Funding Agent shall establish a demand deposit account with Chase for the benefit of PARCO and the APA Banks (the "Funding Account"), into which all payments received in respect of the PARCO Interest shall be deposited.

  • On or prior to the Closing Date, the Funding Agent shall establish a demand deposit account with Chase for the benefit of PARCO and the APA Banks (the "Funding Account"), into which all payments received by the Funding Agent from the Collection Agent, C&A, any of the other Originators or the Transferor in respect of the PARCO Interest shall be deposited.

  • Each Sale Notice shall constitute an irrevocable offer by PARCO to sell all or a portion of the PARCO Interest at the Purchase Price; PROVIDED that, following a PARCO Wind-Down Event, the Assigned Percentage specified in any such Sale Notice shall be 100%.

  • Each APA Bank hereby agrees to purchase from PARCO its Pro Rata Share of the Purchase Percentage of the PARCO Interest for a purchase price equal to its Pro Rata Share of the Purchase Price on the Purchase Date (which date, subject to Section 2.1(b) below, may be the same as the date of the Sale Notice).

  • Without limiting the foregoing, PARCO may, in one or a series of transactions, transfer all or any portion of its PARCO Interest, and its rights and obligations under the Transaction Documents to a Conduit Assignee.

  • Each APA Bank hereby agrees to purchase from PARCO such APA Bank's Pro Rata Share of the Assigned Percentage of PARCO Interest for a purchase price equal to such APA Bank's Pro Rata Share of the Purchase Price on the Purchase Date (which date, subject to Section 5.1(b) below, may be the same as the date of the Sale Notice); PROVIDED that no such purchase shall be made on a Purchase Date if a PARCO Insolvency Event shall have occurred and be continuing.

  • Notwithstanding anything to the contrary set forth in this Agreement, no APA Bank shall have any obligation to purchase the PARCO Interest or any portion thereof from PARCO if, on such Purchase Date, a PARCO Insolvency Event shall have occurred and be continuing.


More Definitions of PARCO Interest

PARCO Interest shall have the meaning specified in the PARCO Asset Purchase Agreement.
Sample 1
PARCO Interest means, on any day, the beneficial interest of PARCO in the Loans and the Operative Documents.
Sample 1
PARCO Interest means, on any day, the portion of the beneficial interest of PARCO in the Receivables and Related Security, the Required Currency Hedge, Collections and Proceeds with respect thereto, which beneficial interest shall equal the product of (i) the Percentage Factor on such day multiplied by (ii) the quotient of (A) PARCO's Net Investment on such day divided by (B) the Aggregate Net Investment on such day multiplied by (iii) the Outstanding Balance of all Receivables.
Sample 1
PARCO Interest means, on any date of determination, PARCO’s security interest granted pursuant to Section 2.14 of the Asset Backed Loan Agreement in an amount equal to the percentage equivalent of a fraction, the numerator of which is the excess, if any, of (a) the aggregate amount advanced by PARCO pursuant to Section 2.1 of the Asset Backed Loan Agreement over (b) the sum of (i) the aggregate Purchase Amounts specified by PARCO in Sale Notices delivered pursuant to Section 2.1 and (ii) the aggregate amount of Collections received by the Funding Agent and remitted by the Funding Agent to PARCO in reduction of PARCO Net Investment pursuant to Section 2.4(a)(iii) of this Agreement or in reduction of PARCO’s Outstanding Loan pursuant to Section 2.3(c)(iii) of the Asset Backed Loan Agreement (unless the PARCO Net Investment or PARCO’s Capital shall have been restored because such distribution was rescinded or otherwise returned for any reason) and the denominator of which is the Net Investment.
Sample 1
PARCO Interest means, on any date of determination, the Series 2000-1 Invested Amount less any interest therein transferred to the Series 2000-1 APA Banks pursuant to Section 2.01 of the Series 2000-1 Asset Purchase Agreement. "PARCO Invested Amount" shall have the meaning assigned to such term in the Series 2000-1 Asset Purchase Agreement. "PARCO Termination Event" shall have the meaning assigned such term in the Series 2000-1 Asset Purchase Agreement. "Potential Series 2000-1 Early Amortization Event" shall mean an event which, with the giving of notice and/or the lapse of time, would constitute a Series 2000-1 Early Amortization Event. "Pro Rata Share" shall have the meaning assigned to such term in the Series 2000-1 Asset Purchase Agreement.
Sample 1

Related to PARCO Interest

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class B Interests As set forth in the Trust Agreement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Private interest means an interest held by an individual that is:

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Common Interest means employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Original Class B-1 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-2 Principal Balance, the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-1 Fractional Interest is specified in Section 11.16.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.