Common use of Consideration for Initial Receivables Clause in Contracts

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 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 2.751.00% 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 Trust Contributed 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 Datefunds.