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Title: |
Receivables Purchase Agreement |
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Entities: |
Affinia Group Intermediate Holdings Inc.; AutoZone, Inc.; Genuine Parts Co.; Goldman Sachs Credit Partners LP; JPMorgan Chase Bank; Bank of New York; Simpson Thacher & Bartlett |
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Date: |
2005 |
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Size: |
Preview shows 5KB of 220KB total |
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Price: |
$64 |
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ID: |
#1345021 |
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RECEIVABLES PURCHASE AGREEMENT
dated as of November 30, 2004
among
AFFINIA RECEIVABLES LLC, as Finance Subsidiary,
AFFINIA GROUP INC., a Delaware corporation, as Servicer,
PARK AVENUE RECEIVABLES COMPANY LLC
and
JPMORGAN CHASE BANK, N.A.,
as Agent
TABLE OF CONTENTS
Page
----
ARTICLE I
PURCHASE ARRANGEMENTS
Section 1.1 Purchase Facility.................................................1
Section 1.2 Increases.........................................................2
Section 1.3 Decreases.........................................................2
Section 1.4 Payment Requirements..............................................2
ARTICLE II
PAYMENTS AND COLLECTIONS
Section 2.1 Payments; Due Dates of Payments...................................3
Section 2.2 Collections Prior to Amortization.................................4
Section 2.3 Collections Following Amortization................................4
Section 2.4 Application of Collections........................................4
Section 2.5 Payment Rescission................................................5
Section 2.6 Maximum Purchaser Interests.......................................5
Section 2.7 Clean Up Call.....................................................5
ARTICLE III
CONDUIT FUNDING
Section 3.1 CP Costs .........................................................6
Section 3.2 Calculation of CP Costs...........................................6
ARTICLE IV
FINANCIAL INSTITUTION FUNDING
Section 4.1 Financial Institution Funding.....................................6
Section 4.2 Yield Payments....................................................6
Section 4.3 Selection and Continuation of Tranche Periods.....................6
Section 4.4 Financial Institution Discount Rates..............................7
Section 4.5 Suspension of the LIBO Rate.......................................7
ARTICLE V
REPRESENTATIONS AND WARRANTIES
Section 5.1 Representations and Warranties of The Seller Parties..............7
Section 5.2 Financial Institution Representations and Warranties.............12
ARTICLE VI
CONDITIONS OF PURCHASES
Section 6.1 Conditions Precedent to Initial Incremental Purchase.............13
Section 6.2 Conditions Precedent to All Purchases............................13
ARTICLE VII
COVENANTS
Section 7.1 Affirmative Covenants of The Seller Parties......................14
Section 7.2 Negative Covenants of The Seller Parties.........................22
ARTICLE VIII
ADMINISTRATION AND COLLECTION
Section 8.1 Designation of Servicer..........................................24
Section 8.2 Duties of Servicer...............................................24
Section 8.3 Control Notices..................................................25
Section 8.4 Responsibilities of Finance Subsidiary...........................26
Section 8.5 Reporting Periods................................................26
Section 8.6 Reports .........................................................26
Section 8.7 Servicing Fees...................................................26
ARTICLE IX
AMORTIZATION EVENTS
Section 9.1 Amortization Events..............................................27
Section 9.2 Remedies ........................................................29
ARTICLE X
INDEMNIFICATION
Section 10.1 Indemnities by The Seller Parties...............................29
Section 10.2 Increased Cost and Reduced Return...............................31
Section 10.3 Other Costs and Expenses........................................32
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