Examples of Receivables Purchase Date in a sentence
The Purchaser shall pay, subject to Section 6.02, for property described in Section 2.03 sold by GMAC to the Purchaser on each Addition Date and property described in Section 2.01(b) sold by GMAC to the Purchaser on each Receivables Purchase Date, a price equal to the principal balance of the Eligible Receivables to be purchased on each such date.
The Servicer shall also notify each Purchaser Representative of such Conveyance in writing at least five days in advance of the date upon which such Conveyance is to occur specifying the designation of any Receivables Purchase Series to be created on the Receivables Purchase Date and the initial Receivables Purchase Interest (or the method for calculating such initial Receivables Purchase Interest) of such Receivables Purchase Series.
The Purchaser shall pay, subject to Section 6.02, for property described in Section 2.03 sold by the Original Seller to the Purchaser on each Addition Date and property described in Section 2.01(b) sold by the Original Seller to the Purchaser on each Receivables Purchase Date, a price equal to the principal balance of the Eligible Receivables to be purchased on each such date.
Triple-A shall, before 3:00 P.M. (New York City time) on the proposed Receivables Purchase Date of each Receivables Purchase, subject to the applicable conditions set forth in ARTICLE IV, make available to the Seller a wire transfer of such funds to the Seller in accordance with the Seller's written wire transfer instructions.
The Trustee, on behalf of the Trust, at the direction of the Servicer, may enter into a Receivables Purchase Agreement if the Servicer notifies the Trustee in writing at least five days in advance (a "Receivables Purchase Notice") of the date upon which the initial Conveyance of Receivables Purchase Interests pursuant to the applicable Receivables Purchase Agreement shall occur (a "Receivables Purchase Date").
Under no circumstances shall Triple-A make any Receivables Purchase if, after giving effect to such Receivables Purchase, the aggregate outstanding Capital hereunder would exceed the least of (i) the Facility Limit, (ii) the Capital Limit, or (iii) the sum, on such Receivables Purchase Date, of (a) the net proceeds from the sale of Commercial Paper PLUS (b) the proceeds of Advances.
After giving effect to the initial Receivables Purchase on the initial Receivables Purchase Date, and immediately after giving effect to each subsequent Receivables Purchase, the average Outstanding Balance of all Purchased Receivables hereunder shall not be less than 90% nor more than 110% of the average "Outstanding Balance" of "Pledged Receivables" (as each term is defined in the Definitions List to the Credit Agreement).
The Trust shall pay for the property purchased on any Receivables Purchase Date as set forth in Section 4.5(d)(iii), with the purchase price equal to the principal balance of the Receivables so purchased on such date.
The Purchaser shall deduct such amounts from the proceeds payable to the Seller on each such Receivables Purchase Date.
EagleFunding shall, before 3:00 P.M. (Boston, Massachusetts time) on the proposed Receivables Purchase Date of each Receivables Purchase, subject to the applicable conditions set forth in Article IV, make available to the Seller a wire transfer of such funds to the Seller in accordance with the Seller's written wire transfer instructions.