Related CP Issuer definition

Related CP Issuer means a multi-seller commercial paper conduit that issues commercial paper, the proceeds of which are loaned to or are otherwise the CP Lender’s source of funding for the CP Lender’s acquisition or maintenance of its funding obligations hereunder.

Related CP Issuer means, when used in relation to any Conduit Investor, any other entity that issues Commercial Paper for the purpose of funding all or part of such Conduit Investor’s interest in the Transferred Interest, as specified from time to time in a written notice by the Administrative Agent for such Conduit Investor to the Collection Agent, together with the successors and permitted assigns of such entity.

Related CP Issuer means, with respect to any Conduit Lender, any Affiliate of such Conduit Lender that issues Commercial Paper to fund advances made to such Conduit Lender, the proceeds of which are used by such Conduit Lender to fund or maintain Loans hereunder.

Examples of Related CP Issuer in a sentence

• An Issuer shall not be obligated to pay any amount pursuant to this Agreement unless such Issuer has excess cash flow from operations or has received funds with respect to such obligation which may be used to make such payment and which funds or excess cash flow are not required to repay when due its Commercial Paper Note or other short term funding backing its Commercial Paper Notes, or in the case of Xxxxxxx, those of its Related CP Issuer.

• This will include access to foundational learning programmes as well as adult education and training programmes (AET).

• A Variable Funding Noteholder may satisfy the Rating Requirement by virtue of the ratings of its Related CP Issuer and Related Liquidity Provider even through the Variable Funding Noteholder does not have a rating itself.

• While the Royal Bank of Scotland plc will be the holder of the Variable Funding Notes on the Issue Date, it is expected that the Variable Funding Notes (including the commitment to make further advances under the Variable Funding Note Purchase Agreement) will be transferred promptly following the Issue Date to a Variable Funding Noteholder which satisfies the Rating Requirement by virtue of its Related CP Issuer and Related Liquidity Provider.

• If any Variable Funding Noteholder (or its Related CP Issuer or Related Liquidity Provider) fails to satisfy the rating requirements set out in the Variable Funding Notes Purchase Agreement, the Variable Funding Noteholder shall be required to take action as set out more specifically in the Variable Note Purchase Agreement.

More Definitions of Related CP Issuer

Related CP Issuer means, with respect to any Purchaser, any commercial paper conduit approved by the Servicer which advances funds to such Purchaser for the purpose of funding or maintaining its interest in the Investment, together with their successors and permitted assigns.

Related CP Issuer means, with respect to any Conduit Purchaser, any asset backed commercial paper conduit that issues Commercial Paper to provide funding to such Conduit Purchaser in connection with its Capital hereunder.

Related CP Issuer means, with respect to Xxxxxxx, Cancara Asset Securitization Limited or any other commercial paper conduit approved by the Administrative Agent which advances funds to Xxxxxxx for the purpose of funding or maintaining its interest in the Advances, together with their successors and permitted assigns.

Related CP Issuer means, with respect to any Conduit Purchaser, any Affiliate of such Conduit Purchaser that issues Commercial Paper to fund advances made to such Conduit Purchaser, the proceeds of which are used by such Conduit Purchaser to fund its Investments hereunder.

Related CP Issuer means the commercial paper issuing company from which a Conduit Purchaser obtains funding.

Related CP Issuer means, when used in relation to Compass, Compass Securitization L.L.C., a Delaware limited liability company, together with its successors and permitted assigns.

Related CP Issuer means, with respect to any Class A1-R Noteholder, any commercial paper conduit designated by it for the purpose of funding or maintaining its participation in the Class A1-R Liquidity Facility.