Common use of Effect of Payment of Purchase Price Clause in Contracts

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or by an increase in the principal amount outstanding under the applicable Initial Purchaser Note) for any purchase of Receivables and Related Assets, title to such Receivables and Related Assets shall vest in the Initial Purchaser, whether or not the conditions precedent to such purchase were in fact satisfied; PROVIDED that the Initial Purchaser shall not be deemed to have waived any claim it may have under the Purchase and Sale Agreement for the failure by any Originator in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase (whether in cash through a capital contribution or by an increase in the principal amount outstanding under the applicable Initial Purchaser Note) for any purchase of Receivables and Related Assetsa Subordinated Loan or otherwise), title to such the Receivables and Related to the other related Purchased Assets subject to such Purchase shall vest in the Initial PurchaserBuyer, whether or not the conditions precedent to such purchase Purchase were in fact satisfied; PROVIDED provided, however, that if one or more conditions precedent to such -------- ------- Purchase was in fact not satisfied, the Initial Purchaser Buyer shall not be deemed to have waived any claim it may have under the Purchase and Sale this Agreement for the failure by any the Originator in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or cash, by an increase in the principal amount outstanding under the applicable Initial Purchaser a Buyer Note, or by issuance of a Letter of Credit, in each case pursuant to Section 3.1) for any purchase of Receivables and Related AssetsPurchase, title to such the Receivables and the Related Assets included in the Purchase shall vest in the Initial PurchaserBuyer, whether or not the conditions precedent to such purchase the Purchase were in fact satisfied; PROVIDED provided, however, that the Initial Purchaser Buyer shall not be deemed to have waived any claim it may have under the Purchase and Sale this Agreement for the failure by any Originator a Seller in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase (whether in cash through a capital contribution or by an increase in the principal amount outstanding under the applicable Initial Purchaser Note) for any purchase of Receivables and Related Assetsa Subordinated Loan), title to such the Receivables and Related to the other related Purchased Assets subject to such Purchase shall vest in the Initial PurchaserBuyer, whether or not the conditions precedent to such purchase Purchase were in fact satisfied; PROVIDED provided, however, that if one or more conditions precedent to such Purchase was in fact not satisfied, the Initial Purchaser Buyer shall not be deemed to have waived any claim it may have under the Purchase and Sale this Agreement for the failure by any the Originator in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or by an increase in the principal amount outstanding under the applicable Initial Purchaser Note) for any purchase of Receivables and Related Assets, title to such Receivables and Related Assets shall vest in the Initial Purchaser, whether or not the conditions precedent to such purchase were in fact satisfied; PROVIDED provided that the Initial Purchaser shall not be deemed to have waived any claim it may have under the Purchase and Sale Agreement for the failure by any Originator in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or by an increase in the principal amount outstanding under the applicable Initial Purchaser Note) for any purchase of Receivables and Related Assets, title to such Receivables and Related Assets shall vest in the Initial Purchaser, whether or not the conditions precedent to such purchase were in fact satisfied; PROVIDED that the Initial Purchaser shall not be deemed to have waived any claim it may have under the Purchase and Sale this Agreement for the failure by any applicable Originator in fact to satisfy any such condition precedent.