Common use of Deferred Purchase Price Clause in Contracts

Deferred Purchase Price. On the Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, as of the last day of the Accounting Period most recently completed, the amount (the "Deferred Purchase Price") equal to the Credit Enhancement Reserve, provided, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the Deferred Purchase Price shall be equal to the Deferred Purchase Price as computed on the Business Day immediately preceding the commencement of such Liquidation Period.

Appears in 1 contract

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

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Deferred Purchase Price. On the Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, as of the last day of the Accounting Period most recently completed, the amount (the "Deferred Purchase Price") equal to the sum of (1) the Credit Enhancement Reserve, plus (2) the Yield Reserve, plus (3) the Servicer's Compensation Reserve; provided, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the Deferred Purchase Price shall be equal to the Deferred Purchase Price as computed on the Business Day immediately preceding the commencement of such Liquidation Period...

Appears in 1 contract

Samples: Receivables Purchase Agreement (Volt Information Sciences Inc)

Deferred Purchase Price. On the Initial Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, calculate the Deferred Purchase Price as of the last day of the full Accounting Period most recently completed, the which shall be an amount (the "Deferred Purchase Price") equal to the sum of (1) the Credit Enhancement Reserve, plus (2) the Yield Reserve, plus (3) the Servicer's Compensation Reserve; provided, that on and after if a Liquidation Day and during the continuance of a Liquidation Periodoccurs, the Deferred Purchase Price shall will thereafter be equal to the amount of the Deferred Purchase Price as computed at the close of business on the Business Day day immediately preceding the commencement of such Liquidation PeriodDay.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

Deferred Purchase Price. On the Initial Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, calculate the Deferred Purchase Price as of the last day of the full Accounting Period most recently completed, the which shall be an amount (the "Deferred Purchase Price") equal to the sum of (1) the Credit Enhancement Reserve, plus (2) the Yield Reserve, plus (3) the Servicer’s Compensation Reserve; provided, that on and after if a Liquidation Day and during the continuance of a Liquidation Periodoccurs, the Deferred Purchase Price shall will thereafter be equal to the amount of the Deferred Purchase Price as computed at the close of business on the Business Day day immediately preceding the commencement of such Liquidation PeriodDay.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

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Deferred Purchase Price. On the Initial Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, calculate the Deferred Purchase Price as of the last day of the full Accounting Period most recently completed, the which shall be an amount (the "Deferred Purchase Price") equal to the sum of (1) the Credit Enhancement Reserve, plus (2) the Yield Reserve, plus (3) the Servicer’s Compensation Reserve; provided, that on and after if a Liquidation Day and during the continuance of a Liquidation Periodoccurs, the Deferred Purchase Price shall will thereafter be equal to the amount of the Deferred Purchase Price as computed at the close of business on the Business Day day immediately preceding the commencement of such Liquidation PeriodDay.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

Deferred Purchase Price. On the Closing Date, and, thereafter, in each Settlement Statement, the Servicer shall calculate, calculate the Deferred Purchase Price as of the last day of the full Accounting Period most recently completed, the which shall be an amount (the "Deferred Purchase Price") equal to the sum of (1) the Credit Enhancement Reserve, plus (2) the Yield Reserve, plus (3) the Servicer's Compensation Reserve; provided, that on and after if a Liquidation Day and during the continuance of a Liquidation Periodoccurs, the Deferred Purchase Price shall will thereafter be equal to the amount of the Deferred Purchase Price as computed at the close of business on the Business Day day immediately preceding the commencement of such Liquidation PeriodDay.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

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