Transaction Requests Sample Clauses
Transaction Requests. If Client proposes to request that Supplier arrange to supply or finance the purchase of any Goods, Client shall: (i) notify Supplier of the proposed transaction (the “Transaction”) in writing; and (ii) furnish to Supplier: (A) a copy of the purchase order(s) proposed to be entered into by and between the Seller and Supplier or Client for the purchase of the Goods (the “Supplier Order(s)”); (B) copies of the corresponding Customer Orders that Client proposes to fill using the Goods (all of which shall be subject to confirmation by Supplier and shall allow for partial shipment and/or fulfillment if the Goods necessary to fill them are to be provided by more than one Seller), accompanied by such assignments (the “Assignments”) as Supplier may require and remittance in full of any deposits made by Customers in connection with such Customer Orders; (C) originals of any letters of credit supporting the Customer Orders (“Customer Letters of Credit”), which letters of credit must be issued or confirmed by domestic banks acceptable to Supplier, must be payable in U.S. Dollars at the New York counters of such domestic banks, and must be in form, substance and amount satisfactory to Supplier, together with evidence satisfactory to Supplier that such letters of credit have been amended as requested by Supplier in its sole discretion and have been transferred or assigned to Supplier, (D) a copy of any factoring agreement to which Client is party, which factoring agreement (the “Factoring Agreement”) shall be with a factor that is acceptable to Supplier (the “Factor”) and shall be in form and substance satisfactory to Supplier, together with an intercreditor agreement duly executed by Client and the Factor in form and substance satisfactory to Supplier (an “Intercreditor Agreement”), and evidence satisfactory to Supplier that the Factor has assumed all the credit risk with respect to the accounts receivable arising from the sale of the Goods or that such accounts receivable are supported by Customer Letters of Credit or other supporting obligations that are satisfactory to Supplier; (E) evidence satisfactory to Supplier that all filings and registrations (including without limitation UCC-1 Financing Statements, security agreements, chattel mortgages and claims of lien) necessary to perfect Supplier’s lien on and security interest in the Goods, any Customer Letters of Credit or other supporting obligations, all accounts receivable arising from the sale of the Goods, and...
Transaction Requests. The following conditions and requirements shall apply with respect to any request for a Transaction:
(i) Sellers shall have delivered to the Agent (by fax (or by any electronic means acceptable to the Agent) to the Agent (a) a Transaction Request, (b) a Purchased Assets Schedule and (c) a Purchased Assets Report not later than
(i) 11:00 a.m. (New York City time) on the proposed Purchase Date in the case of ABR Transactions or LIBOR Transactions, (ii) 4:00 p.m. (New York City time) on the proposed Purchase Date in the case of each Swingline Transaction, and (iii) 11:00 a.m. (New York City time) three Business Days prior to the proposed Purchase Date in the case of each Eurodollar Transaction.
(ii) In no event shall a Transaction be entered into when the Repurchase Date for such Transaction would be later than the Termination Date.
(iii) Except as to Wet Loans, the Sellers shall deliver (or cause to be delivered) to the Custodian the Purchased Asset File pertaining to each Eligible Asset in accordance with the terms of the Custody Agreement.
(iv) Subject to the provisions of this Section 4, the Purchase Prices for the Purchased Assets subject to such Transaction will then be made available to a Seller by the Agent’s (on behalf of the Buyers) wire transferring immediately available funds in the aggregate amount of such Purchase Prices.
Transaction Requests. Subject to the terms and conditions of the Program Documents, Buyer shall, with respect to the Committed Amount, and may in its sole discretion, with respect to the Uncommitted Amount, from time to time, enter into Transactions with an aggregate Purchase Price for all Purchased Assets acquired by Buyer and subject to outstanding Transactions at any one time not to exceed the Maximum Aggregate Purchase Price. Notwithstanding anything contained herein to the contrary, ▇▇▇▇▇ shall have the obligation to enter into Transactions with an aggregate Outstanding Purchase Price of up to the Committed Amount and shall have no obligation to enter into Transactions with respect to the Uncommitted Amount. Unless otherwise agreed to between Buyer (or Agent on behalf of Buyer) and Seller in writing, all purchases of Eligible Loans subject to outstanding Transactions at any one time shall be first deemed committed up to the Committed Amount and then the remainder, if any, shall be deemed uncommitted up the Uncommitted Amount. Buyer shall not have the right, however, to terminate any Transactions with respect to the Uncommitted Amount after the Purchase Date until the related Repurchase Date. Unless otherwise agreed, with respect to any Loan other than a Wet-Ink Loan, Seller shall request that Buyer enter into a Transaction with respect to any Purchased Asset by delivering to the indicated required parties (each, a “Required Recipient”) the required delivery items (each, a “Required Delivery Item”) set forth in the table below by the corresponding required delivery time (the “Required Delivery Time”):