Uncommitted Purchase and Sales Sample Clauses

Uncommitted Purchase and Sales. On any date when the aggregate of the Outstanding Account Debtor Purchase Amounts for all Account Debtors and all Purchased Receivables at such time, exceeds the Committed Facility Sublimit, then, Seller may from time to time, thereafter, make an offer to sell to Purchaser certain additional Proposed Receivables by submitting to Purchaser a Purchase Request at least three Business Days prior to any purchase under this clause (ii), and Purchaser, in its sole discretion, may accept such offer and purchase from the Seller the Proposed Receivables identified in such Purchase Request. If the Purchaser accepts such Purchase Request, then subject to the satisfaction of the conditions precedent set forth in Section 2(c) hereof, Purchaser shall and hereby does, but solely up to the Uncommitted Facility Sublimit, purchase from Seller, and Seller shall and hereby does sell to Purchaser, without representation, warranty, covenant or recourse except as expressly provided herein, all of Seller’s right, title and interest in such Proposed Receivables and all Related Rights with respect thereto as of the applicable Purchase Date which Proposed Receivables and Related Rights, once sold and purchased hereunder shall become Purchased Receivables hereunder. The Seller shall not request more than one (1) purchase per week. No single request for purchase hereunder shall be for an amount less than $250,000. Notwithstanding the foregoing or anything else in this Agreement to the contrary (and in addition to the conditions precedent set forth in Section 2(c) hereof), no purchases shall be made or permitted under this clause (ii), unless on the date of such purchase, after giving effect to such proposed purchase, the aggregate of the Outstanding Account Debtor Purchase Amounts for all Account Debtors and all Purchased Receivables at such time, exceeds the Committed Facility Sublimit. In addition, THE PURCHASES AND SALES DESCRIBED IN THIS CLAUSE (ii) DO NOT CONSTITUTE A COMMITMENT, OBLIGATION OR OTHER UNDERTAKING OF PURCHASER TO PURCHASE ANY RECEIVABLES OFFERED FROM SELLER UNDER THIS CLAUSE (ii) OR OTHERWISE EXTEND CREDIT OR PROVIDE ANY FINANCIAL ACCOMMODATION TO SELLER.