Purchase Periods definition
Examples of Purchase Periods in a sentence
On or after the Termination Date, the Deal Agent shall have the right to allocate outstanding Capital to Purchase Periods of such duration as shall be selected by the Deal Agent.
If and to the extent the Purchaser elects to make such Yield Rate(s) available to the Seller (such election to be submitted to the Agent and the Seller, then, upon the expiration of the then current Purchase Period, the Purchaser shall reallocate the Purchase Price previously allocated to such Purchase Period to such other Purchase Periods as the Agent shall select in accordance with the terms hereof, each accruing Yield at the applicable Yield Rate requested in accordance with this Section 2.01(d).
Each Offering Period shall consist of one or more Purchase Periods, as determined by the Committee.
At all times hereafter until the Termination Date, the Seller shall, subject to the Deal Agent's and the Purchaser's approval and the limitations described below, select (a) Purchase Periods and allocate a portion of the outstanding Capital to each selected Purchase Period, so that the outstanding Capital is at all times allocated to a Purchase Period and (b) Yield Rates to apply to such Capital for such Purchase Periods.
The Purchaser shall allocate such Purchase Price to such Purchase Periods as it shall select in accordance with the terms of this Agreement.