Purchase Discount Rate Cap means a rate equal to eighty percent (80%); provided, that the Purchase Discount Rate Cap may be changed at any time by the Administrative Agent, using its good faith and commercially reasonable credit judgment following a detailed analysis of the Transferred Receivables (or upon receipt of additional information with respect thereto); provided that, as long as no Termination Event has occurred, the Administrative Agent shall give advance written notice to the Seller with respect to such modification.
Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%).
Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%); PROVIDED THAT the Purchase Discount Rate Cap may be changed at any time as determined by the Administrative Agent in its reasonable credit judgment exercised in good faith.
More Definitions of Purchase Discount Rate Cap
Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%) with respect to that portion of the Investment Base which consists of Eligible Receivables; provided, that the Purchase Discount Rate Cap may be changed at any time at the sole discretion of the Operating Agent, exercised in good faith (other than solely as a result of the filing of the Chapter 11 Cases).
Purchase Discount Rate Cap set forth in Annex X to the Purchase Agreement shall be amended and restated to read as follows:
Purchase Discount Rate Cap means, as of any date of determination, the amount set forth in the table below opposite the applicable Purchase Rate Ratio: Purchase Rate Ratio Purchase Discount Rate Cap Greater than or equal to 1.25x 80.0 % Greater than or equal to 1.00x 75.0 % Greater than or equal to 0.75x 70.0 % Less than 0.75x 65.0 %
Purchase Discount Rate Cap. Receivables Availability", "Related Documents" and "Reserves" and "Unused Facility Fee" and by substituting in lieu thereof the following new respective definitions of such terms:
Purchase Discount Rate Cap and "Special Limit" and by substituting the following new respective definitions of such terms in lieu thereof:
Purchase Discount Rate Cap means a rate equal to eighty-two and one-half percent (82.5%) with respect to that portion of the Investment Base which consists of Eligible Receivables other than Xxxx and Hold Receivables and fifty percent (50%) with respect to that portion of the Investment Base which consists of Eligible Receivables which are Xxxx and Hold Receivables; provided, that (i) the Purchase Discount Rate Cap -------- with respect to that portion of the Investment Base which consists of Eligible Receivables other than Xxxx and Hold Receivables shall be reduced to eighty percent (80%) if the Excess Liquidity is less than $5,000,000 on any date during any Amortization Testing Period and (ii) the Purchase Discount Rate Cap with respect to any portion of the Investment Base may be changed at any time at the sole discretion of the Operating Agent, exercised in good faith, and, in the case of an increase only, upon satisfaction of the Rating Agency Condition with respect thereto.
Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%); PROVIDED, that the Purchase Discount Rate Cap may be changed at any time by the Administrative Agent, using its good faith and commercially reasonable credit judgment following a detailed analysis of the Transferred Receivables (or upon receipt of additional information with respect thereto), and, in the case of an increase only, upon satisfaction of the Rating Agency Condition with respect thereto; PROVIDED that, as long as no Termination Event has occurred, the Administrative Agent shall give advance written notice to the Seller with respect to such modification.