Common use of Initial Purchase Clause in Contracts

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by Section 2.05, (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 VFC Certificate, in an amount equal to the Series 2000-1 Initial Invested Amount, or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date its Series 2000-1 VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 VFC Certificate, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date or, in any case, on or after the Series 2000-1 Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date to the Funding Agent for payment to the Trust.

Appears in 2 contracts

Sources: Pooling Agreement (Huntsman Ici Holdings LLC), Pooling Agreement (Huntsman Ici Chemicals LLC)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4 and 2.5, (i) ------------ on and after the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ 27 Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 all or a portion of a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Pro Rata Share of the Initial Series 20001998-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date applicable Business Day to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Second Amended and Restated Series 1998 1 Supplement (United Stationers Supply Co)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by Section 2.05notice in accordance with SECTION 2.4 and 2.5, (i) ------------ on and after the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20002003-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 all or a portion of a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Pro Rata Share of the Initial Series 20002003-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount after giving effect to the requested Increase and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20002003-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date applicable Business Day to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Pooling Agreement (United Stationers Supply Co)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, each of the Existing Series 2000-1 VFC Certificateholders agrees to surrender its Existing Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date in exchange for the issuance of new Series 2000-1 VFC Certificates and for the payments provided in the payment instruction letter among the Funding Agents, the Company and the Master Servicer entered into on or about the date hereof. Subject to the terms and conditions of this Supplement, including delivery of notice, notice (if any, ) required by Section 2.05, , (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, (A) the each Series 2000-1 Initial Conduit Purchaser may, in its sole discretion, purchase the Series 2000-1 VFC CertificateCertificate(s) denominated in the currency of each VFC Purchaser Currency Group to which it belongs, in an amount equal to its respective VFC Currency Pro Rata Share of the Series 2000-1 Initial Invested Amount, or (B) if the any Series 2000-1 Initial Conduit Purchaser shall have notified the Funding Agent for such Series 2000-1 Conduit Purchaser’s VFC Purchaser Group that it has elected not to purchase the a Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, each Series 2000-1 APA Bank for the applicable VFC Purchaser Group hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date its such Series 2000-1 VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's ’s Series 2000-1 Currency Commitment Percentage of the Series 2000-1 Initial Invested Amount and Amount; and (ii) thereafter, (A) if the any Series 2000-1 Initial Conduit Purchaser shall have purchased the a Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, the such Series 2000-1 Initial Conduit Purchaser may, in its sole discretion, maintain the such Series 2000-1 VFC Certificate, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks with respect to a VFC Purchaser Group shall have purchased a Series 2000-1 VFC Certificate Interest on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date or, in any case, on or after the Series 2000-1 Purchase Date, the each Series 2000-1 APA Banks Bank with respect to such VFC Purchaser Group hereby severally agree agrees to maintain their respective its Series 2000-1 VFC Certificate Interest Interest, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this SupplementSection 2.05 or Section 2.07 (as applicable). Payments by the Series 2000-1 Initial Purchaser Conduit Purchasers in respect of the Series 2000-1 VFC Certificate Certificates or the Series 2000-1 APA Banks in respect of their the Series 2000-1 VFC Certificate Interests shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date to the Funding Agent for payment to the Trust.

Appears in 1 contract

Sources: Pooling Agreement (Huntsman International LLC)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4, (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Initial Series 20001998-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Pooling Agreement (Wesco Distribution Inc)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4, (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial 2 Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Initial Series 20001998-1 Initial 2 Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 2 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 2 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Pooling Agreement (Core Mark International Inc)

Initial Purchase. Subject to the terms and conditions of this ---------------- Indenture Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.3, (i) ------------ on any Business Day during the Commitment Period (the "Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇ 1 Initial Funding Date"), (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the a Series 20001999-1 VFC Certificate, Investor Note in an amount equal to the Series 20001999-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the a Series 20001999-1 VFC Certificate Investor Note on the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇ 1 Initial Funding Date, each Series 2000-1 the APA Bank hereby severally agrees to shall purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date its Series 20001999-1 VFC Certificate Interest, which Initial Funding Date a Series 20001999-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, Investor Note in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 20001999-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the a Series 20001999-1 VFC Certificate Investor Note on the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇ 1 Initial Funding Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the its Series 20001999-1 VFC CertificateInvestor Note, subject to increase or decrease during the Series 2000-1 Revolving Commitment Period, in accordance with the provisions of this Series 2000-1 Indenture Supplement and (B) if the Series 2000-1 APA Banks Bank shall have purchased Series 20001999-1 VFC Certificate Interest Investor Notes on the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇ 1 Initial Funding Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the APA Bank shall maintain its Series 20001999-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Investor Note subject to increase or decrease during the Series 2000-1 Revolving Commitment Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Indenture Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Bank, as the case may be, in respect of the Series 20001999-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Investor Notes shall be made in immediately available funds on the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇ 1 Initial Funding Date to the Funding Agent for payment remittance to the Trust.Indenture Trustee for deposit into the Series 1999-1

Appears in 1 contract

Sources: Indenture Supplement (Fah Co Inc)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4 and 2.5, (i) ------------ on and after the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20002003-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 all or a portion of a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such APA Bank’s Pro Rata Share of the Initial Series 20002003-1 APA Bank's Series 2000-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount after giving effect to the requested Increase and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Effective Date or, in any case, on or after any assignment pursuant to the Series 2000-1 Asset Purchase DateAgreement, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20002003-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20002003-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date applicable Business Day to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Omnibus Amendment (United Stationers Inc)

Initial Purchase. On the Existing Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, PARCO purchased the Existing Series 2000-1 VFC Certificate. PARCO’s interest in the Series 2000-1 VFC Certificate has been transferred to the Existing Series 2000-1 VFC Certificateholder. Subject to the terms and conditions of this ---------------- Supplement, the Existing Series 2000-1 VFC Certificateholder agrees to surrender its Existing Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date in exchange for the issuance of new Series 2000-1 VFC Certificates and for the payment to be made pursuant to Section 5.11 of the Agreement. Subject to the terms and conditions of this Supplement, including delivery of notice, if any, required by Section 2.05, , (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, (A) the each Series 2000-1 Initial Conduit Purchaser may, in its sole discretion, purchase the a Series 2000-1 VFC Certificate, in an amount equal to its respective VFC Pro Rata Share of the Series 2000-1 Initial Invested Amount, or (B) if the any Series 2000-1 Initial Conduit Purchaser shall have notified the Funding Agent for such Series 2000-1 Conduit Purchaser’s VFC Purchaser Group that it has elected not to purchase the a Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, each Series 2000-1 APA Bank for the applicable VFC Purchaser Group hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date its such Series 2000-1 VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's ’s Series 2000-1 Commitment Percentage of the Series 2000-1 Initial Invested Amount and Amount; and (ii) thereafter, (A) if the any Series 2000-1 Initial Conduit Purchaser shall have purchased the a Series 2000-1 VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date, the such Series 2000-1 Initial Conduit Purchaser may, in its sole discretion, maintain the such Series 2000-1 VFC Certificate, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks with respect to a VFC Purchaser Group shall have purchased a Series 2000-1 VFC Certificate Interest on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date or, in any case, on or after the Series 2000-1 Purchase Date, the each Series 2000-1 APA Banks Bank with respect to such VFC Purchaser Group hereby severally agree agrees to maintain their respective its Series 2000-1 VFC Certificate Interest Interest, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with the provisions of this SupplementSection 2.05 or Section 2.07 (as applicable). Payments by the Series 2000-1 Initial Purchaser Conduit Purchasers in respect of the Series 2000-1 VFC Certificate Certificates or the Series 2000-1 APA Banks in respect of their the Series 2000-1 VFC Certificate Interests shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Date to the Funding Agent for payment to the Trust.

Appears in 1 contract

Sources: Series Supplement (Huntsman International LLC)

Initial Purchase. Subject to the terms and conditions of this ---------------- Supplement, including delivery of notice, if any, required by notice in accordance with Section 2.052.4 and 2.5, (i) ------------ on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, (A) the Series 2000-1 Initial Purchaser may, in its sole discretion, purchase the Series 2000-1 a VFC Certificate, Certificate in an amount equal to the Initial Series 20001998-1 Initial Invested Amount, Amount or (B) if the Series 2000-1 Initial Purchaser shall have notified the Funding Agent that it has elected not to purchase the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, each Series 2000-1 APA Bank hereby severally agrees to purchase on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date its Series 2000-1 a VFC Certificate Interest, which Series 2000-1 VFC Certificate Interest of each Series 2000-1 APA Bank will be reflected on the schedule attached as Schedule I to the Series 2000-1 VFC Certificate, in an amount equal to such Series 2000-1 APA Bank's Series 2000-1 Commitment Percentage of the Initial Series 20001998-1 Initial Invested Amount and (ii) thereafter, (A) if the Series 2000-1 Initial Purchaser shall have purchased the Series 2000-1 a VFC Certificate on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date, the Series 2000-1 Initial Purchaser may, in its sole discretion, maintain the Series 2000-1 its VFC Certificate, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Series 2000-1 Supplement and (B) if the Series 2000-1 APA Banks shall have purchased Series 2000-1 VFC Certificate Interest Certificates on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date or, in any case, on or after the Series 2000-1 APA Bank Purchase Date, the Series 2000-1 APA Banks hereby severally agree to maintain their respective Series 2000-1 VFC Certificate Interest Certificates, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. The Company hereby agrees to maintain ownership of the Series 20001998-1 Subordinated InterestsInterest, subject to increase or decrease during the Series 20001998-1 Revolving Period, in accordance with the provisions of this Supplement. Payments by the Series 2000-1 Initial Purchaser or the APA Banks, as the case may be, in respect of the Series 2000-1 VFC Certificate or the Series 2000-1 APA Banks in respect of their Series 2000-1 VFC Certificate Interests Certificates shall be made in immediately available funds on the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇ Issuance Date to the Funding Agent for payment to the TrustCompany.

Appears in 1 contract

Sources: Pooling Agreement (United Stationers Supply Co)