Common use of Calculation of Purchase Price Clause in Contracts

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator for the Receivables that are purchased hereunder from such Originator shall be (i) determined in accordance with the following formula and (ii) subject to the reductions as provided in Sections 3.3(i): PP = OB x [1 - 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 = 2.07% or such other percentage as agreed to between such Originator and the Company to reflect a fair market price for the Receivables.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Vistra Corp.), Purchase and Sale Agreement (Vistra Energy Corp.), Purchase and Sale Agreement (Vistra Energy Corp.)

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Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator for the Receivables that are purchased hereunder from such Originator shall be (i) determined in accordance with the following formula and (ii) subject to the reductions as provided in Sections 3.3(i): PP = OB x [1 - 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 = 2.071.0% or such other percentage as agreed to between such Originator and the Company to reflect a fair market price for the Receivables.

Appears in 1 contract

Samples: Receivables Sale Agreement (NRG Energy, Inc.)

Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator for the Receivables that are purchased hereunder from such Originator shall be (i) determined in accordance with the following formula and (ii) subject to the reductions as provided in Sections 3.3(i): PP = OB x [1 - 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= 2.07% or such other percentage as agreed to between such Originator and the Company to reflect a fair market price for the Receivables.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vistra Corp.)

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Calculation of Purchase Price. The “Purchase Price” to be paid to each Originator for the Receivables that are purchased hereunder from such Originator shall be (i) determined in accordance with the following formula and (ii) subject to the reductions as provided in Sections 3.3(i): PP = OB x [1 - 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 = 2.072.072.47% or such other percentage as agreed to between such Originator and the Company to reflect a fair market price for the Receivables.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vistra Corp.)

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