McKesson 2005 Annual Report Download - page 294

Receivables Balance (less the Aggregate Reserves) on the applicable purchase date over the aggregate outstanding amount of Capital
determined as of the date of the most recent Monthly Report, taking into account such proposed Incremental Purchase.
“Purchaser” means any Conduit Purchaser or Committed Purchaser, as applicable.
“Purchaser Group” means a group consisting of one or more Conduit Purchasers, the related Committed Purchasers and the related
Managing Agent. As of the date hereof, the Purchaser Groups are (i) the Bank One Purchaser Group, consisting of PREFCO and Falcon, as
Conduit Purchasers and Bank One, as Committed Purchaser and Managing Agent, (ii) the Wachovia Purchaser Group, consisting of Blue
Ridge, as a Conduit Purchaser and Wachovia, as Committed Purchaser and Managing Agent, (iii) the Scotia Purchaser Group, consisting of
Liberty Street, as Conduit Purchaser and Scotia, as Committed Purchaser and Managing Agent, (iv) the SunTrust Purchaser Group, consisting
of Three Pillars, as Conduit Purchaser and Committed Purchaser and STCM, as Managing Agent, (v) the BTM Purchaser Group, consisting of
Gotham, as Conduit Purchaser and BTM, as Committed Purchaser and as Managing Agent and (vi) the Rabobank Purchaser Group, consisting
of Nieuw Amsterdam, as Conduit Purchaser and Rabobank, as Committed Purchaser and Managing Agent.
“Purchaser Group Limit” means, for any Purchaser Group at any time, the aggregate amount of the Commitments of the Committed
Purchasers in such Purchaser Group at such time.
“Purchaser Interest” means, at any time, an undivided percentage ownership interest (computed as set forth below) associated with a
designated amount of Capital, Discount Rate and Tranche Period selected pursuant to the terms and conditions hereof in (i) each and every
Receivable, (ii) all Related Security with respect to the Receivables, and (iii) all Collections with respect to, and other proceeds of the
Receivables. Each such undivided percentage interest shall equal:
Such undivided percentage ownership interest shall be initially computed on its date of purchase. Thereafter, until its Amortization Date, each
Purchaser Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to its Amortization Date. The variable
percentage represented by any Purchaser Interest as computed (or deemed recomputed) as of the close of the business day immediately
preceding its Amortization Date shall remain constant at all times after such Amortization Date.
I-19
C
N
RB - AR
where:
C = the Capital associated with such Purchaser Interest
AR = Aggregate Reserves
NRB = the Net Receivables Balance.