Purchase Price Credit definition

Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

Purchase Price Credit has the meaning set forth in Section 1.4 of the Agreement.

Purchase Price Credit has the meaning specified in Section 2.03.

Examples of Purchase Price Credit in a sentence

• If such Purchase Price Credit exceeds the original Outstanding Balance of the Receivables originated by the Originator on such day, then the Originator shall pay the remaining amount of such Purchase Price Credit in cash within 10 Business Days thereafter; provided that if the Termination Date has not occurred, the Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note to the extent permitted thereunder.

• If such Purchase Price Credit exceeds the Original Balance of the Receivables to be sold hereunder on any date, then the Originator shall pay the remaining amount of such Purchase Price Credit in cash on the next succeeding Business Day; PROVIDED THAT, if the Termination Date has not occurred, the Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under the Subordinated Note.

• Simultaneously with the granting or payment of any Purchase Price Credit by any Seller in respect of a Purchased Receivable under clause (ii) above, such Purchased Receivable and the Receivables Property with respect thereto shall immediately and automatically be sold, assigned, transferred and reconveyed (without recourse) by the Buyer to such Seller without any further action by the Buyer or any other Person.

• If the aggregate Purchase Price Credits in respect of the Seller exceeds the Purchase Price in respect of the Receivables of the Seller payable on any Purchase Date, or if the Termination Date has occurred, then the Seller agrees to pay the remaining amount of such Purchase Price Credit to the Buyer in cash on or prior to the first Settlement Date to occur after the date on which such Purchase Price Credit arises.

• Simultaneously with the granting or payment of any Purchase Price Credit by the Seller in respect of a Purchased Receivable under clause (ii) above, such Purchased Receivable and the Receivables Property with respect thereto shall immediately and automatically be sold, assigned, transferred and reconveyed (without recourse) by the Buyer to the Seller without any further action by the Buyer or any other Person.

More Definitions of Purchase Price Credit

Purchase Price Credit shall have the meaning provided in Section 1.4 hereof.

Purchase Price Credit has the meaning set forth in Section 1.3(a).

Purchase Price Credit has the meaning set forth in SECTION 1.3.

Purchase Price Credit has the meaning set forth in the Receivables Sale Agreement

Purchase Price Credit has the meaning set forth in the Receivables Contribution and Sale Agreement.

Purchase Price Credit. As defined in Section 1.4 of the Agreement.

Purchase Price Credit means a credit in favor of the Purchaser against the Purchase Price otherwise due and payable by the Purchaser hereunder.