Past Due Purchase Obligations definition

Past Due Purchase Obligations means, with respect to each Secured Purchaser Bank, the aggregate amount of Purchase Obligations owing to such Secured Purchaser Bank that, as of such date of determination, are due and payable by PSI or any other Peregrine Party to such Secured Purchaser Bank and have not been paid to such Secured Purchaser Bank.
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Past Due Purchase Obligations means, with respect to each Purchaser, as of any date of determination thereof, the aggregate amount of Purchase Obligations owing to such Purchaser that, as of such date of determination, are due and payable by Peregrine or any other Peregrine Party to such Purchaser and have not then been paid to such Purchaser.
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Examples of Past Due Purchase Obligations in a sentence

  • Notwithstanding the date of this Note, in addition to the interest otherwise payable hereunder, on the first due date of interest hereunder, Maker shall pay interest on the outstanding Past Due Purchase Obligations during the period from August 1, 2002 through and including the date of this Note at the rate applicable to the principal amount hereof.

  • From and after the Effective Date, Trade Bank shall continue to collect all of the Trade Bank Purchased Accounts and shall be entitled to reconvey to Reorganized PSI any Trade Bank Purchased Accounts which become Past Due Purchase Obligations after the Effective Date, all as more fully set forth in the Trade Bank Collection/Repurchase Agreement.

  • From and after the Effective Date, Fleet shall continue to collect all of the Fleet Purchased Accounts and shall be entitled to reconvey to Reorganized PSI any Fleet Purchased Accounts which become Past Due Purchase Obligations after the Effective Date, all as more fully set forth in the Fleet Collection/Repurchase Agreement.

  • From and after the Effective Date, SVB shall continue to collect all of the SVB Purchased Accounts and shall be entitled to reconvey to Reorganized PSI any SVB Purchased Accounts which become Past Due Purchase Obligations after the Effective Date, all as more fully set forth in the SVB Collection/Repurchase Agreement.

  • Ultimately, after two (2) continued hearings, the Committee agreed to permit certain Interim Payments pursuant to modified terms (collectively, the "Modified Interim Payments") to be made to the Purchaser Banks, with respect to certain Past Due Purchase Obligations as to which the Purchaser Banks clearly have not "hell or high water rights" for rights superior to the Debtors to enforce the Past Due Purchase Obligations.

  • Interest on the Past Due Purchase Obligations shall accrue at a per annum rate of 6.00%; provided, however, that upon the occurrence and during the continuation of a New Event of Default, interest on the Past Due Purchase Obligations shall accrue at a per annum rate of 9.00%.

  • Without limiting the obligations of the Peregrine Parties to pay any amounts due hereunder or under any of the Purchase Documents, any such amount not paid when due shall (to the extent it is not already a part thereof, and without duplication) be added to the applicable Purchaser’s Past Due Purchase Obligations on the due date thereof, and shall thereafter accrue interest at the rate then applicable to Past Due Purchase Obligations.

  • Each Peregrine Party acknowledges and agrees that, immediately after the Forbearance Period expires, if the Past Due Purchase Obligations and all other Purchase Obligations of the Peregrine Parties have not been fully performed and paid, each Purchaser may, without further notice, exercise all or any of the rights and remedies contained in such Purchaser’s Purchase Documents, in the Forbearance Documents and available under applicable law with respect to the Existing Defaults.

  • If, after repurchasing such a Purchased Account, any Peregrine Party thereafter collects amounts with respect thereto, such amounts may be retained by such Peregrine Party to the extent necessary to recoup the repurchase price paid to the affected Purchaser, and, if and after such repurchase price fully is recouped, thereafter any excess collections shall be paid to such Purchaser for application to the Past Due Purchase Obligations in accordance with Section V.E.(c)(iii) below.

  • The then remaining balance of the Past Due Purchase Obligations owing to each Purchaser shall be evidenced by a Promissory Note.

Related to Past Due Purchase Obligations

  • Repurchase Obligations shall have the meaning specified in Section 7(b).

  • Repurchase Obligation has the meaning set forth in Section 8.6.

  • Purchase Obligation means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the terms of the VRDP Shares Purchase Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any Mandatory Purchase, in each case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Finance Lease Obligations of a Person means the amount of the obligations of such Person under Finance Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP.

  • Eligible Repurchase Obligations Repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) described in clauses (c)(ii) and (c)(iv) of the definition of Permitted Investments.

  • Securitization Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a Standard Securitization Undertaking, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance lease that would at such time be required to be capitalized and reflected as a finance lease on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Lease Obligations of a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property (net of rent from subleases thereof, but including taxes, insurance, maintenance and similar expenses which such Person, as the lessee, is obligated to pay under the terms of said leases, except to the extent that such taxes, insurance, maintenance and similar expenses are payable by sublessees), including rental commitments under Capital Leases.

  • Synthetic Lease Obligations means, with respect to any Person, the sum of (i) all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to principal and, without duplication, (ii) all rental and purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease property at the end of the lease term.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Capitalized Lease Obligation means, as to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in accordance with GAAP.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Company or any Subsidiary to make earn out or other contingency payments pursuant to the documentation relating to such Acquisition. The amount of any Earn Out Obligation shall be deemed to be the aggregate liability in respect thereof as recorded on the balance sheet of the Company and its Subsidiaries in accordance with Agreement Accounting Principles.

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Permitted Receivables Documents means all documents and agreements evidencing, relating to or otherwise governing a Permitted Receivables Financing.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Attributable Receivables Indebtedness at any time shall mean the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a secured lending agreement, would constitute the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.