Related Committed Purchaser definition
Examples of Related Committed Purchaser in a sentence
Without limiting the foregoing, any advice, consent, concurrence or waiver granted by a Related Committed Purchaser pursuant to this Agreement or any other Transaction Document shall be deemed to have been granted by such Related Committed Purchaser in its individual capacity and by its Related Conduit Purchaser and by any assignee or other transferee of such Related Conduit Purchaser.
Each party to this Agreement may assume that (i) each Related Committed Purchaser is acting for the benefit and on behalf of its Related Conduit Purchaser, as well as for the benefit of each assignee or other transferee from any such Related Conduit Purchaser and (ii) each action taken by each Related Committed Purchaser has been duly authorized and approved by all necessary action on the part of its Related Conduit Purchaser and any assignee or other transferee of such Related Conduit Purchaser.
Any Conduit Purchaser’s Related Committed Purchaser or Liquidity Provider may freely assign its Loans or any portion thereof, or interest therein, to its Related Conduit Purchaser at any time without prior notice to, or any consent of, any other Person.
The applicable Related Committed Purchaser shall provide the Seller and the Administrative Agent written notice of any assignment of a Loan or any potion hereof pursuant to this clause (b) promptly but not later than one (1) Business Day thereafter.
Each Conduit Purchaser may freely assign its Loans or any portion thereof, or interest therein, to its Related Committed Purchaser or any of such Conduit Purchaser’s Liquidity Providers at any time without prior notice to, or any consent of, any other Person.