Types of Purchases. The three types of Purchases which can be made under this Agreement are an Initial Purchase, an Incremental Purchase and a Reinvestment Purchase. The first Purchase made by each Purchaser under this Agreement is the Initial Purchase with respect to such Purchaser. Any Purchase (other than the Initial Purchase) made by a Purchaser which causes the amount of the Investment to increase is an Incremental Purchase. The amount of each Incremental Purchase shall be $5,000,000 or greater. Any Purchase made by a Purchaser with Collections is a Reinvestment Purchase.
Appears in 2 contracts
Sources: Credit Card Receivables Purchase Agreement (Ultramar Diamond Shamrock Corp), Trade Receivables Purchase Agreement (Ultramar Diamond Shamrock Corp)
Types of Purchases. The three types of Purchases which can ------------------ be made under this Agreement are an Initial Purchase, an Incremental Purchase and a Reinvestment Purchase. The first Purchase made by each the Purchaser under this Agreement is the Initial Purchase with respect to such PurchaserPurchase. Any Purchase (other than the Initial Purchase) made by a the Purchaser which causes the amount of the Investment to increase is an Incremental Purchase. The amount of each Incremental Purchase shall be $5,000,000 or greater. Any Purchase made by a the Purchaser with Collections is a Reinvestment Purchase.
Appears in 1 contract
Sources: Receivables Sale Agreement (Unisource Worldwide Inc)