RECEIVABLES PURCHASE AGREEMENT
dated as of December 15, 2000
among
BAX FUNDING CORPORATION
BAX GLOBAL INC.
LIBERTY STREET FUNDING CORP.
and
THE BANK OF NOVA SCOTIA
TABLE OF CONTENTS
ARTICLE I. AMOUNTS AND TERMS OF THE PURCHASES
Section 1.1. Purchase Facility.
Section 1.2. Making Purchases.
Section 1.3. Purchased Interest Computation.
Section 1.4. Settlement Procedures.
Section 1.6. Payments and Computations, Etc.
Section 1.8. Requirements of Law.
Section 1.10. Accounting Terms.
ARTICLE II. REPRESENTATIONS AND WARRANTIES; COVENANTS; TERMINATION EVENTS
Section 2.1. Representations and Warranties; Covenants.
Section 2.2. Termination Events.
Section 3.1. Indemnities by the Seller.
Section 3.2. Indemnities by the Servicer.
ARTICLE IV. ADMINISTRATION AND COLLECTIONS
Section 4.1. Appointment of the Servicer.
Section 4.2. Duties of the Servicer.
Section 4.3. Establishment and Use of Certain Accounts.
Section 4.4. Enforcement Rights.
Section 4.5. Responsibilities of the Seller.
Section 5.4. Costs, Expenses and Taxes.
Section 5.5. No Proceedings; Limitation on Payments.
Section 5.6. GOVERNING LAW AND JURISDICTION.
Section 5.7. Execution in Counterparts.
Section 5.8. Survival of Termination.
Section 5.9. WAIVER OF JURY TRIAL.
Section 5.10. Entire Agreement.
Section 5.13. Confidentiality.
EXHIBIT I Definitions
EXHIBIT II Conditions of Purchases
EXHIBIT III Representations and Warranties
EXHIBIT IV Covenants
EXHIBIT V Termination Events
SCHEDULE I Credit and Collection Policy
SCHEDULE II Lock-box Banks and Lock-box Accounts
SCHEDULE III Trade Names
ANNEX A Form of Monthly Report
ANNEX B Form of Purchase Notice
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