Net Receivables Balance. As of each Purchase Date, after giving effect to the Purchase to be made on such date, the Net Receivables Balance is at least equal to the sum of (i) aggregate Capital outstanding, plus (ii) the Aggregate Reserves.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Eastman Chemical Co), Receivables Purchase Agreement (Eastman Chemical Co)
Net Receivables Balance. As of each Purchase Date, after giving prospective effect to the Purchase to be made on such date, the Net Receivables Balance is at least equal to the sum of (i) aggregate Capital outstanding, plus (ii) the Aggregate ReservesOvercollateralization Amount.
Appears in 1 contract
Sources: Receivables Sale Agreement (Wabash National Corp /De)