Program Unreimbursed Draw Amount definition
Program Unreimbursed Draw Amount means the sum of all draws under the Program LOC in connection with this transaction which have not been reimbursed (whether through the payment of cash or the exchange of assets), together with all interest thereon and all other amounts, if any, payable in connection therewith.
Program Unreimbursed Draw Amount means the sum of all draws in connection herewith under the applicable Program LOC which have not been reimbursed (whether through the payment of cash or the exchange of assets), together with all interest thereon and all other amounts, if any, payable in connection therewith.
Program Unreimbursed Draw Amount means the sum of all draws under the Program LOC in connection with this Transaction which have not been reimbursed (whether through the payment of cash or the exchange of assets), together with all interest thereon and all other amounts, if any, payable in connection therewith. "Purchase" is defined in Section 1.1(a). "Purchase Agreement" means the Receivables Purchase Agreement dated as of the date hereof among the Seller and each Originator. "Purchase Amount" is defined in Section 1.1(c). "Purchase Date" is defined in Section 1.1(c). "Purchase Interest" means, for a Purchaser, the percentage ownership interest in the Receivables and Collections held by such Purchaser, calculated when and as described in Section 1.1(a); provided, however, that (except for purposes of computing a Purchase Interest or the Sold Interest in Section 1.5 or 1.7) at any time the Sold Interest would otherwise exceed 100% each Purchaser then holding any Investment shall have its Purchase Interest reduced by multiplying such Purchase Interest by a fraction equal to 100% divided by the Sold Interest otherwise then in effect, so that the Sold Interest is thereby reduced to 100%. "Purchase Limit" means $80,000,000. "Purchase Price" means, for each Committed Purchaser for any Put, such Purchaser's Purchased Percentage for such Put multiplied by the sum of (a) (i) for the Enhancer, the amount of Windmill's Investment being transferred pursuant to such Put (the "Put Investment") and (ii) for each Liquidity Provider, the lesser of (A), the Put Investment and (B) the sum of (I) the product of (1) the amount of Windmill Investment being transferred pursuant to such Put divided by the Windmill Investment (before giving effect to such Put), (2) Windmill's Purchase Interest at such time, (3) the Eligible Receivables Balance as most recently calculated, provided, however, that Collections used to reduce such most recently computed Eligible Receivables Balance but not yet received by the Agent shall be added back to the Eligible Receivables Balance, and (II) the amount of Windmill Settlement being transferred pursuant to such Put plus (b)
Examples of Program Unreimbursed Draw Amount in a sentence
Nothing in this Section 5.2 shall be construed as a condition to or a limitation of the obligation to Windmill of the Program LOC Provider to pay, or exchange any Program Unreimbursed Draw Amount in connection with, its Loan Price, or of each Bank to pay its respective Loan Price, pursuant to Article III.