Revolving Purchaser definition
Examples of Revolving Purchaser in a sentence
In the event that less than all of a Revolving Purchaser's Investment is being transferred pursuant to this SECTION 6.3, and such transferring Revolving Purchaser has any Uninsured Investment outstanding at the time of such transfer, the agreement or instrument pursuant to which such transfer is being effected shall specify the portion of the transferred Investment that is Uninsured Investment.
In the event that less than all of a Revolving Purchaser's Investment is being transferred pursuant to this SECTION 1.12, and such transferring Revolving Purchaser has any Uninsured Investment outstanding at the time of such transfer, the agreement or instrument pursuant to which such transfer is being effected shall specify the portion of the transferred Investment that is Uninsured Investment.
In the event that less than all of a Revolving Purchaser’s Investment is being transferred pursuant to this Section 1.12, and such transferring Revolving Purchaser has any Uninsured Investment outstanding at the time of such transfer, the agreement or instrument pursuant to which such transfer is being effected shall specify the portion of the transferred Investment that is Uninsured Investment.
The Program shall have been approved by the ---------------- Revolving Purchaser and Program Administrator pursuant to their underwriting criteria.
The Parent or the Distributor shall ------------------------- have paid all reasonable fees and expenses of the Revolving Purchaser and the Program Administrator (including the reasonable accrued fees and expenses of counsel to the Purchaser and the Program Administrator) then due and payable in accordance herewith.
The Program Administrator and the Revolving Purchaser ---------- shall have received a copy of a certificate of the President or any Vice President of the Parent certifying that a true and complete copy of the current Prospectus for each Fund is attached and that no change therein has been proposed which if in effect on such Initial Revolving Purchase Date would cause the representation of the Parent set forth in Section 4.03(a) of the Master Agreement to be incorrect.
In addition, the Seller shall not carry any Revolving Purchaser's Purchased Portfolio Assets sold to the Revolving Purchaser on its accounting records, and the Seller agrees that all such Revolving Purchaser's Purchased Portfolio Assets have been and will be, as contemplated by the terms of this Agreement, transferred and sold to the Revolving Purchaser and carried on the Revolving Purchaser's accounting records.
Notwithstanding the foregoing, Shareholder Servicing Fees may be reflected as assets of the Distributor, the Transferor or the Seller if such treatment is required by GAAP and if all appropriate financial statements are footnoted to reflect the sale thereof to the Revolving Purchaser, in a manner reasonably satisfactory to the Program Administrator.
The Revolving Purchaser and the Program ------------- Administrator shall have completed and be reasonably satisfied with their due diligence review of each Federated Entity, Company and Fund.
In the event that less than all of a Revolving Purchaser’s Investment is being transferred pursuant to this Section 6.3, and such transferring Revolving Purchaser has any Uninsured Investment outstanding at the time of such transfer, the agreement or instrument pursuant to which such transfer is being effected shall specify the portion of the transferred Investment that is Uninsured Investment.