Subsequent Purchase Date definition
Examples of Subsequent Purchase Date in a sentence
From and after such Subsequent Purchase Date, such Subsequent Contracts shall be deemed to be Contracts hereunder.
The Issuer shall be obligated to purchase and acquire Additional Receivables for purposes of a replenishment only to the extent that the obligation to pay the Principal Component Purchase Price on such Subsequent Purchase Date can be satisfied in whole (but not in part) by the Issuer by applying the Available Principal Amount in accordance with item second of the Pre- Enforcement Principal Priority of Payments.
Upon the execution and delivery of any such Confirmation in connection with a Subsequent Purchase Date, such Confirmation shall supercede any previous confirmation executed and delivered in respect of the relevant Purchased Asset.
Upon the filing of the financing statements described in Section 4.1(r) and, in the case of Subsequent Contracts on the applicable Subsequent Purchase Date, the Buyer shall have a first priority perfected security interest in such property, subject only to Permitted Liens.
Pursuant to the terms of this Agreement, the Seller shall offer for sale to the Purchaser on each Subsequent Purchase Date all Eligible Receivables originated by the Seller in the calendar month preceding such Subsequent Purchase Date.