Incremental Purchase definition

Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

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Incremental Purchase is defined in Section 1.1(b).

Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Capital hereunder. “Indebtedness” of a Person means such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade), (iii) obligations, whether or not assumed, secured by liens or payable out of the proceeds or production from property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances, or other instruments, (v) capitalized lease obligations, (vi) net liabilities under interest rate swap, exchange or cap agreements, (vii) Contingent Obligations and (viii) liabilities in respect of unfunded vested benefits under plans covered by Title IV of ERISA.

Examples of Incremental Purchase in a sentence

Following receipt of a Purchase Notice, the applicable Purchaser Agent will determine whether the related Uncommitted Purchaser will fund the requested Incremental Purchase.
If such sale relates to an Incremental Purchase, all information set forth on the related Purchase Notice is true and correct as of the date of such Incremental Purchase.
Seller shall provide the Administrator and each Purchaser Agent with at least one (1) Business Day’s prior written notice in a form set forth as Exhibit II hereto of each Incremental Purchase (each, a “Purchase Notice”) by 12:00 noon (New York time) on the Business Day prior to the Purchase Date.
The conditions precedent to the initial Incremental Purchase of a Receivable Interest under the Original Agreement were satisfied on the date on which all of the conditions precedent set forth in Section 6.1 of the Original Agreement were satisfied or waived by the Administrator and each Purchaser Agent.
If such Uncommitted Purchaser (in its sole discretion) elects not to fund an Incremental Purchase, the Incremental Purchase shall be funded ratably by its Related Committed Purchasers (in accordance with such Related Committed Purchasers’ Available Commitments).

More Definitions of Incremental Purchase

Incremental Purchase shall have the meaning specified in Section 2.02 hereof.

Incremental Purchase. Any Purchase that increases the aggregate outstanding Capital hereunder.

Incremental Purchase means a purchase of a Purchaser Interest which increases the total outstanding Aggregate Capital hereunder.

Incremental Purchase means a purchase of one or more Investor Interests, including the initial purchase of Investor Interest, which increases the total outstanding Aggregate Capital hereunder. “Indebtedness” of a Person means such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of property or services (other than accounts payable arising in the ordinary course of such Person’s business), (iii) obligations of another Person of the types described in the foregoing clauses (i) and (ii), whether or not assumed, secured by liens or payable out of the proceeds or production from property now or hereafter owned or acquired by such Person, and (iv) capitalized lease obligations.

Incremental Purchase means any Purchase (other than an Initial Purchase) which causes the amount of the Investment to increase.

Incremental Purchase shall have the meaning ascribed to such term in Section 2.01A hereof.

Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Capital hereunder.

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