Common use of Initial Receivables Clause in Contracts

Initial Receivables. The Initial Purchase Price is payable as follows: (i) $_____________ in cash on the Closing Date and (ii) $_________________ in cash, as provided in the subordinated note dated __________ __, 199_, payable by the Purchaser to the Originator.

Initial Receivables. The Initial Purchase Price is payable as follows: (i) $_____________ in cash on the Closing Date and (ii) $_________________ in cash, as provided in the subordinated note dated __________ __August 26, 199_1998, payable by the Purchaser to the Originator.