Common use of Purchase of Contracts Clause in Contracts

Purchase of Contracts. The Borrower shall not purchase or accept the contribution of any Contracts or Contract Assets which are not purchased using the proceeds of a Loan, unless (i) at the time of such purchase or contribution of Contracts or Contract Assets there is a Borrowing Base Deficiency and such Borrowing Base Deficiency would be cured after giving effect to such purchase or contribution or such purchase or contribution is effectuated to prevent the imminent occurrence of a Borrowing Base Deficiency, (ii) such purchase or contribution is effectuated in consideration of a combination of cash and equity, solely to the extent that cash proceeds of a Loan are not available therefor, as contemplated by Section 2.01(c) of the Receivables Sale Agreement, or (iii) the Borrower has obtained the prior written consent of the Program Agent (such consent not to be unreasonably withheld, conditioned or delayed).