Purchaser Termination Date definition

Purchaser Termination Date means, with respect to each Purchaser Group or Non-Conduit Committed Purchaser, the earlier of (i) the date on which an Amortization Event or an Event of Default occurs and (ii) two Business Days prior to the Facility Termination Date with respect to such Purchaser Group or Non-Conduit Committed Purchaser.

Purchaser Termination Date means, with respect to any Purchaser, the earlier to occur of: (a) the Facility Termination Date and (b) the then current scheduled expiration of the commitments of the applicable Liquidity Provider for the Conduit Purchaser that is a member of such Purchaser’s Purchaser Group under the related Liquidity Agreement (such date as extended as described hereafter in the proviso to this clause (b), the “Extended Date”), provided, that if the commitments of the applicable Liquidity Provider for the Conduit Purchaser that is a member of such Purchaser’s Purchaser Group are extended under the related Liquidity Agreement, such date shall be automatically extended on the then current Extended Date for an additional period of not more than 364 days, which date the Seller shall be notified of by the related Purchaser Agent.

Purchaser Termination Date means, as to any Purchaser, the earliest of (a) the date that the commitments of all of the related Program Support Providers terminate under any related Program Support Agreement, or any related Program Support Agreement is terminated without being replaced, (b) the Termination Date or (c) in the case of any Term Purchaser, the first date on which the aggregate Investment for all Term Purchasers exceeds 40% of the aggregate Investment.

Examples of Purchaser Termination Date in a sentence

• Any funds so received by Tarion prior to the Purchaser Termination Date shall as applicable be held in trust for the applicable Purchasers.

• Each Purchaser Agent agrees to give the Seller and Servicer 30 days’ prior written notice if the then current Purchaser Termination Date will not be extended with respect to any Purchaser for which it acts as Purchaser Agent.

• For the avoidance of doubt, no Letter of Credit may be extended or renewed to a date that is later than twelve (12) months after the Purchaser Termination Date.

• Upon any assignment in whole by a Conduit Purchaser to the Committed Purchasers in its Purchaser Group on or after the Conduit Purchaser Termination Date as contemplated hereunder, such Conduit Purchaser shall cease to make any Incremental Fundings hereunder.

• At all times prior to a Conduit Purchaser’s Conduit Purchaser Termination Date, nothing herein shall prevent such Conduit Purchaser from making a subsequent Incremental Funding hereunder, in its sole discretion, following any assignment pursuant to this Section 11.04 or from making more than one assignment pursuant to this Section 11.04.

More Definitions of Purchaser Termination Date

Purchaser Termination Date set forth in Exhibit I to the Agreement is amended by replacing the date “June 4, 2012” where it appears therein with the date “June 3, 2013”.

Purchaser Termination Date means, with respect to any Purchaser, May 26, 2017,25, 2018, as such date may be extended from time to time with respect to such Purchaser pursuant to Section 1.21.

Purchaser Termination Date means, with respect to any Purchaser, May 30, 2016,26, 2017, as such date may be extended from time to time with respect to such Purchaser pursuant to Section 1.21.

Purchaser Termination Date has the meaning set forth in Section 6.01(b).

Purchaser Termination Date means if on the Seller Termination Date, an Antitrust Event has occurred, the first Business Day following the six-week anniversary of the Seller Termination Date (the “First Extension Date”); provided, however, that if on the First Extension Date, an Antitrust Event has occurred, the Purchaser Termination Date shall be first business Day following the twelve-week anniversary of the Seller Termination Date; and provided, further, that the Purchaser Termination Date shall otherwise be the Seller Termination Date.

Purchaser Termination Date means, as to any Purchaser, the earliest of (a) the date that the commitments of 50% or more (by commitment size of all of the Program Support Providers of Fairway under all of its Program Support Agreements related to this facility) of Fairway’s related Program Support Providers terminate (for the avoidance of doubt the occurrence of a Purchaser Termination Date under this clause (a) shall constitute a Purchaser Termination Date for all Purchasers), (b) the Termination Date or (c) in the case of any Term Purchaser, the first date on which the aggregate Investment for all Term Purchasers exceeds 40% of the aggregate Investment.

Purchaser Termination Date means, with respect to any Purchaser, the earlier to occur of: (a) the date such Purchaser’s commitment terminates pursuant to Section 1.12 and (b) March 21, 2008 (such date as extended as described hereafter in this clause (b), the “Extended Date”), provided, that if the commitments of the applicable Liquidity Provider for such Purchaser under the related Liquidity Agreement are extended or a new Liquidity Agreement is entered into by such Purchaser, such date shall be extended on the then current Extended Date for an additional period of up to 364 days, but no less than 7 days, from such Extended Date.