Required Purchaser Agents definition

Required Purchaser Agents means, at any time, two or more Purchaser Agents representing Purchasers whose Commitments aggregate more than 50% of the aggregate of the Commitments of all Purchasers.
Sample 1Sample 2Sample 3
Required Purchaser Agents means at any time Purchaser Agents whose Related Banks and Purchasers hold in the aggregate Receivable Interests representing more than 66 2/3%, or, in the event no Receivable Interests are outstanding, whose Related Banks have aggregate Bank Commitments representing more than 66 2/3% of the Bank Commitments; provided, that, (i) solely for purposes of this definition, the Receivable Interests and Bank Commitment for the Related Bank and Purchasers of any Purchaser Agent whose Related Bank is a Defaulting Bank shall be zero for so long as such Bank remains a Defaulting Bank and (ii) solely for purposes of determining the Required Purchaser Agents for the waiver of the occurrence of a Liquidation Day under Section 1.04(b), the Receivable Interests held by any Bank that is a Delaying Bank at such time shall be zero until such time that Collections are applied in full under item “first” contained in the proviso at the end of Section 1.04(c)(x)(iii).
Sample 1Sample 2Sample 3
Required Purchaser Agents means, at any time, two or more Purchaser Agents representing Purchasers whose Commitments aggregate more than 50% of the aggregate of the Commitments of all Purchasers; provided that the unused Commitment of any Defaulting Purchaser shall be excluded for purposes of making a determination of “Required Purchaser Agents”.
Sample 1Sample 2Sample 3

Examples of Required Purchaser Agents in a sentence

  • Rescind or cancel any Receivable or related Contract or modify any terms or provisions thereof or grant any Dilution to an Obligor, except in accordance with the Applicable Originator’s Credit and Collection Policy or otherwise with the prior written consent of the Administrator and the Required Purchaser Agents, unless such Receivable has been deemed collected pursuant to Section 1.4(a) or repurchased pursuant to the Receivables Sale Agreement.


More Definitions of Required Purchaser Agents

Required Purchaser Agents means, for so long as (i) two Purchaser Agents are parties to this Agreement, either of such Purchaser Agents, (ii) more than two Purchaser Agents are parties to this Agreement, Purchaser Agents representing holders of at least 66 and 2/3% of the Net Investment at the time of any determination thereof and (iii) if only one Purchaser Agent is a party to this Agreement, such Purchaser Agent.
Sample 1
Required Purchaser Agents means, for so long as (i) only three Purchaser Agents are parties to this Agreement, at least two of such Purchaser Agents, (ii) fewer than three Purchaser Agents are parties to this Agreement, at least one of such Purchaser Agents and (iii) greater than three Purchaser Agents become parties to this Agreement, the number of Purchaser Agents or percentage of holders of the Net Investment which shall constitute "Required Purchaser Agents" shall be as agreed to by all Purchaser Agents then party to this Agreement, but shall be at least fifty percent of the holders of the Net Investment at the time of any determination thereof.
Sample 1
Required Purchaser Agents means at any time Purchaser Agents whose Related Banks and Purchasers hold in the aggregate Receivable Interests representing more than 66 2/3%, or, in the event no Receivable Interests are outstanding, whose Related Banks have aggregate Bank Commitments representing more than 66 2/3% of the Bank Commitments; provided, that, (i) solely for purposes of this definition, the Receivable Interests and Bank Commitment for the Related Bank and Purchasers of any Purchaser Agent whose Related Bank is a Defaulting Bank shall be zero for so long as such Bank remains a Defaulting Bank and (ii) solely for purposes of determining the Required Purchaser Agents for the waiver of the occurrence of a Liquidation Day under Section 1.04(b), the Receivable Interests held by any Bank that is a Delaying Bank at such time shall be zero until such time that Collections are applied in full under item “first” contained in the proviso at the end of Section 1.04(c)(x)(iii). Signature Page - Receivables Purchase Agreement for the four full fiscal quarters, treated as one period, for which financial information in respect thereof is available immediately preceding such date, in each case calculated with the pro forma adjustments as are appropriate and consistent with the pro forma adjustment provisions set forth in the Credit Agreement.
Sample 1
Required Purchaser Agents means at any time Purchaser Agents whose relatedRelated Banks and Purchasers hold in the aggregate Receivable Interests representing more than 66 2/3%, or, in the event no Receivable Interests are outstanding, whose Related Banks have aggregate Bank Commitments representing more than 66 2/3% of the Bank Commitments; provided, that, (i) solely for purposes of this definition, the Receivable Interests and Bank Commitment for the relatedRelated Bank and Purchasers of any Purchaser Agent whose relatedRelated Bank is a Defaulting Bank shall be zero for so long as such Bank remains a Defaulting Bank (ii) solely for purposes of determining the Required Purchaser Agents for the waiver of the occurrence of a Liquidation Day under Section 1.04(b), the Receivable Interests held by any Bank that is a Delaying Bank at such time shall be zero until such time that Collections are applied in full under item “first” contained in the proviso at the end of Section 1.04(c)(x)(iii).
Sample 1
Required Purchaser Agents means at any time Purchaser Agents whose relatedRelated Banks and Purchasers hold in the aggregate Receivable Interests representing more than 66 2/3%, or, in the event no Receivable Interests are outstanding, whose Related Banks have aggregate Bank Commitments representing more than 66 2/3% of the Bank Commitments; provided, that, (i) solely for purposes of this definition, the Receivable Interests and Bank Commitment for the relatedRelated Bank and Purchasers of any Purchaser Agent whose relatedRelated Bank is a Defaulting Bank shall be zero for so long as such Bank remains a Defaulting Bank (ii) solely for purposes of determining the Required Purchaser Agents for the waiver of the occurrence of a Liquidation Day under Section 1.04(b), the Receivable Interests held by any Bank that is a Delaying Bank at such time shall be zero until such time that Collections are applied in full under item “first” contained in the proviso at the end of Section 1.04(c)(x)(iii).
Sample 1

Related to Required Purchaser Agents

  • Purchaser Agent means each Person acting as agent on behalf of a Purchaser Group and designated as a Purchaser Agent for such Purchaser Group on the signature pages to this Agreement or any other Person who becomes a party to this Agreement as a Purchaser Agent pursuant to an Assumption Agreement or a Transfer Supplement.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Program Agent means Citicorp North America, Inc., as Program Agent under the Purchase Agreement, and its successors and assigns in such capacity.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • Controlling Noteholder Representative shall have the meaning assigned to such term in Section 6(a).

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.