Types of Purchases. Each purchase of undivided percentage ownership interests in the Receivables Assets by the Program Agent on behalf of the Purchasers hereunder shall consist of either (i) a purchase made by the Program Agent on behalf of the applicable Purchasers with new funds provided by such Purchasers (each, a "Capital Purchase") or (ii) a purchase made by the Program Agent on behalf of the applicable Purchasers in consideration for the allocations made in accordance with Section 2.04 (each, a "Reinvestment Purchase"). The first purchase hereunder shall be a Capital Purchase.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (At&t Wireless Services Inc), Receivables Purchase Agreement (At&t Wireless Services Inc)