First Payment. As of the Cut-off Date, the related Obligor has made the initial payment on such Receivable. Review Materials Servicing System Records/Data File Tests
First Payment. On the First Payment Date, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period beginning on the Sharing Start Date and ending on the last day of the month before the First Payment Date.