Consideration for Initial Receivables Sample Clauses
The 'Consideration for Initial Receivables' clause defines the payment or compensation terms for the transfer or sale of initial receivables from one party to another. Typically, this clause outlines how the purchase price for these receivables is calculated, the timing and method of payment, and any adjustments that may apply based on the value or collectability of the receivables. By clearly specifying the financial arrangements for the initial batch of receivables, this clause ensures both parties understand their obligations and helps prevent disputes over payment terms or valuation.
Consideration for Initial Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Initial Receivables and the other Trust Property relating thereto described in Section 2.01(a) the Purchaser shall pay or cause to be paid to the Transferor, on the Closing Date, an amount equal to the Receivables Purchase Price with respect to Initial Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.90% of the Aggregate Receivables Balance of such Receivables as of the applicable Cutoff Date.
Consideration for Initial Receivables. In consideration of the Receivables and the related Deposited Assets described in Section 2.01(a), the Depositor shall, on the Closing Date, receive an amount equal to the Receivables Purchase Price in immediately available funds.
Consideration for Initial Receivables. In consideration of the Receivables and the Trust Property described in Section 2.01(a), the Seller shall, on the Closing Date, receive an amount equal to the Receivables Purchase Price in the form of cash by federal wire transfer funds and the Seller shall make a capital contribution to the Trust on the Closing Date of Initial Receivables in an amount equal to 2.75% of the Aggregate Receivables Balance of such Receivables as of the applicable Cutoff Date.
Consideration for Initial Receivables. In consideration of the Receivables and the related Contributed Assets described in Section 2.01(a), the Contributor shall, on the Closing Date, receive (i) an amount equal to the Receivables Purchase Price in immediately available funds to the extent of the net proceeds received from the Noteholders from the sale of the Notes under the Note Purchase Agreement, and (ii) to the extent that the value of such Contributed Assets exceeds such Receivables Purchase Price, an increase in the value of the stock of the Depositor, which is a wholly-owned subsidiary of the Contributor.
Consideration for Initial Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Initial Receivables and the other Transferred Property relating thereto described in Section 2.01(a) the Purchaser shall pay or cause to be paid to the Transferor, on the Closing Date, an amount equal to the Receivables Purchase Price with respect to Initial Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds.
Consideration for Initial Receivables. In consideration of the Receivables and the Trust Property described in Section 2.01(a), the Seller shall, on the Closing Date, receive an amount equal to the Receivables Purchase Price in the form of cash by federal wire transfer funds and the Seller shall make a capital contribution to the Trust on the Closing Date of Initial Receivables in an amount equal to 3.90% of the Aggregate Receivables Balance of such Receivables as of the applicable Cutoff Date.