Initial Purchase Sample Clauses

Initial Purchase. The Seller shall give the Purchaser at least one Business Day’s notice of its request for the initial Purchase hereunder, which request shall specify the date of such Purchase (which shall be a Business Day) and the proposed Purchase Price for such Purchase. On the date of such Purchase, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the Purchase Price for such Purchase in the manner provided in Section 2.02(c).
Initial Purchase. In consideration for the Initial Purchased Property, CARI shall, on the Initial Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Initial Receivables and the Seller shall execute and deliver to CARI an assignment in the form attached hereto as Exhibit A (the “First Step Initial Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,072,399,400.83. A portion of the Initial Aggregate Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from CARI to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to CARI) and (b) an increase in Seller’s capital account in CARI (as a result of a deemed capital contribution from the Seller to CARI). The amount advanced under the Intercompany Advance Agreement and the amount of the deemed capital contribution shall be duly recorded by the Seller and CARI.
Initial Purchase. The Seller shall give the Purchaser at least one Business Day's notice of its request for the initial Purchase, which request shall specify the date of such Purchase (which shall be a Business Day) and the proposed Purchase Price for such Purchase. The Purchaser shall promptly notify the Seller whether it has determined to make such Purchase. On the date of such Purchase, the Seller shall sell or contribute to the capital of Purchaser (i) all Receivables (other than Government Receivables) acquired by the Seller pursuant to the Originator Purchase Agreement and (ii) all Participation Interests acquired by the Seller pursuant to the Originator Purchase Agreement, and the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the Purchase Price for such Purchase in the manner provided in Section 2.02(d). Effective upon such payment, the Seller hereby sells, conveys, transfers and assigns to the Purchaser (i) all Receivables (other than Government Receivables) acquired by it and in existence on the date of the initial Purchase and (ii) all Participation Interests in all Government Receivables acquired by it and in existence on the date of the initial Purchase.
Initial Purchase. In consideration for the [Initial] Purchased Property, Ally Auto shall, on the [Initial] Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the [Initial] Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step [Initial] Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $[ ]. A portion of the Initial Aggregate Receivables Principal Balance, equal to $[ ], shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of [(a) an increase in the amount owing from Ally Auto to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to Ally Auto), equal to $[ ] and (b)] an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from the Seller to Ally Auto), equal to $[ ]. The amount [advanced under the Intercompany Advance Agreement and the amount] of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.