Common use of Calculation of Purchase Price Clause in Contracts

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 9 contracts

Samples: Canadian Purchase and Sale Agreement (NCR Atleos Corp), Purchase and Sale Agreement (NCR Atleos Corp), Purchase and Sale Agreement (Integra Lifesciences Holdings Corp)

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Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Compass Minerals International Inc), Purchase and Sale Agreement (Lamar Media Corp/De), Purchase and Sale Agreement (Lamar Media Corp/De)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Days Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Gray Television Inc), Receivables Sale and Contribution Agreement (StarTek, Inc.), Receivables Sale Agreement (Nabors Industries LTD)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as a percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 3 contracts

Samples: Sale and Contribution Agreement (Evoqua Water Technologies Corp.), Sale and Contribution Agreement (EnLink Midstream Partners, LP), Sale and Contribution Agreement (EnLink Midstream, LLC)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month immediately calendar month next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Fleetcor Technologies Inc), Purchase and Sale Agreement (Fleetcor Technologies Inc), Purchase and Sale Agreement (Arch Western Resources LLC)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x × FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (NCR Corp), Canadian Purchase and Sale Agreement (NCR Corp)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x × FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lamar Media Corp/De)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Alliance Resource Partners Lp)

Calculation of Purchase Price. The “Purchase Price” to be paid to each theeach Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such thesuch Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. 740816958 17540157 4 OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of of: (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month immediately calendar month next preceding such Payment Date) and the denominator of which is 365 or 366365, plus (iii) the percentage agreed to from time to time between the Originator and the Company as applicablethe “Historical Loss Percentage”.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times Date plus 0.25% and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately Accrual Period next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Worthington Industries Inc)

Calculation of Purchase Price. The "Purchase Price" to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Average Portfolio Turnover (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Celanese Corp)

Calculation of Purchase Price. The “Purchase Price” "PURCHASE PRICE" to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times Date plus 0.25% and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Turnover Rate (calculated as of the last day of the Fiscal Month immediately Settlement Period next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Worthington Industries Inc)

Calculation of Purchase Price. The "Purchase Price" to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = FMVD= Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times Date plus 0.25% and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Turnover Rate (calculated as of the last day of the Fiscal Month immediately Yield Period next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable12.

Appears in 1 contract

Samples: Purchase and Sale Agreement (York International Corp /De/)

Calculation of Purchase Price. The "Purchase Price" to be paid to each the Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such the Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times Date plus 0.25% and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Turnover Rate (calculated as of the last day of the Fiscal Month immediately Settlement Period next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable12.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carpenter Technology Corp)

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Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Average Portfolio Turnover (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Celanese Corp)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NuStar Energy L.P.)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (LyondellBasell Industries N.V.)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD FMD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one1.005, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Omnibus Amendment (NuStar Energy L.P.)

Calculation of Purchase Price. The "Purchase Price" to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times Date plus 0.25% and (B) a fraction, the numerator of which is the Days’ Sales Outstanding Turnover Rate (calculated as of the last day of the Fiscal Month immediately Settlement Period next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CSS Industries Inc)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III Transferor for the Receivables and the Related Rights that are purchased hereunder from such Originator the Transferor shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Alliance Resource Partners Lp)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article ARTICLE III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Volt Information Sciences, Inc.)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month immediately calendar month next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable365.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Triumph Group Inc)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, one divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times and (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day Business Day of the Fiscal Month immediately calendar month next preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.365. 9205569 09039541

Appears in 1 contract

Samples: Joinder Agreement (Patriot Coal CORP)

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