Purchaser Parties definition
Examples of Purchaser Parties in a sentence
The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Transaction Document in accordance with a request or at the direction of the Majority Purchasers, and such request or direction and any action taken or failure to act pursuant thereto shall be binding upon all Purchaser Parties.
The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Seller, the Servicer, the Administrative Agent, the Purchasers, and the other Purchaser Parties shall treat each Person whose name is recorded in the Register pursuant to the terms of this Agreement as a Purchaser under this Agreement for all purposes of this Agreement.
Each remittance of Collections by or on behalf of the Seller to the Purchaser Parties under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and (ii) made in the ordinary course of business or financial affairs of the Seller.
None of the Purchaser Parties shall have any obligation or liability with respect to any Supporting Assets, nor shall any of them be obligated to perform any of the obligations of the Seller, the Servicer or any Originator thereunder.
Nothing contained herein or in any other Transaction Document, and no action taken by any Purchaser Party pursuant thereto, shall be deemed to constitute the Purchaser Parties as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Parties are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents.