PURCHASE AND SALE AGREEMENT
Dated as of April 17, 2001
between
VARIOUS ENTITIES LISTED ON SCHEDULE I,
as the Originators
and
KSI FUNDING CORPORATION
Purchase and Sale Agreement
TABLE OF CONTENTS
Page
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ARTICLE I
AGREEMENT TO PURCHASE AND SELL
SECTION 1.1 Agreement To Purchase and Sell ................................. 1
SECTION 1.2 Timing of Purchases ............................................ 3
SECTION 1.3 Consideration for Purchases .................................... 3
SECTION 1.4 Purchase and Sale Termination Date ............................. 3
SECTION 1.5 Intention of the Parties ....................................... 3
ARTICLE II
PURCHASE REPORT; CALCULATION OF PURCHASE PRICE
SECTION 2.1 Purchase Report ................................................ 4
SECTION 2.2 Calculation of Purchase Price .................................. 4
ARTICLE III
PAYMENT OF PURCHASE PRICE
SECTION 3.1 Contribution of Receivables and Initial Purchase
Price Payment .................................................. 5
SECTION 3.2 Subsequent Purchase Price Payments ............................. 5
SECTION 3.3 Settlement as to Specific Receivables and Dilution ............. 6
SECTION 3.4 Reconveyance of Receivables .................................... 7
ARTICLE IV
CONDITIONS OF PURCHASES
SECTION 4.1 Conditions Precedent to Initial Purchase ....................... 7
SE