Common use of Payment for the Purchases Clause in Contracts

Payment for the Purchases. (a) The Purchase Price for the purchase of Receivables in existence on the Initial Cutoff Date shall be payable in full by Buyer to Originator on the date hereof, and shall be paid to Originator in the manner provided in the following paragraphs (b), (c) and (d). Each Receivable coming into existence after the Initial Cutoff Date, shall be sold or contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable shall be due and owing in full by Buyer to Originator or its designee on such Business Day (except that Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by Originator to Buyer hereunder and which have become due but remain unpaid) and shall be paid to Originator in the manner provided in the following paragraphs (b), (c) and (d).

Payment for the Purchases. (a) The Purchase Price for the purchase Receivables of Receivables each Originator in existence on the close of business on the Business Day immediately preceding the date hereof (including all Receivables of such Originator reconveyed to such Originator on the date hereof pursuant to the Termination Agreement) (the “Initial Cutoff Date shall be payable in full Date”) are hereby sold and assigned to Buyer by Buyer to such Originator on the date hereof, and shall be paid to Originator in the manner provided in the following paragraphs (b), (c) and (d). Each Receivable of each Originator coming into existence after the Initial Cutoff Date, shall be sold or contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated originated, and the Purchase Price for such Receivable shall be due and owing in full by Buyer to such Originator or its designee on such Business Day (except provided, that Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by such Originator to Buyer hereunder and which have become due but remain unpaid) and shall be paid to such Originator in the manner provided in the following paragraphs (b), (c) ), and (d).

Payment for the Purchases. (a) The Purchase Price for the purchase of Receivables in existence each Purchase occurring on the Initial Cutoff Closing Date shall be payable in full by Buyer the applicable Transferee to Originator the applicable Seller on the date hereofClosing Date, and shall be paid to Originator such Seller in the manner provided described in the following paragraphs (b), (c) and (dSection 1.2(c). Each The Purchase Price for each Receivable coming into existence after the Initial Cutoff Date, shall be sold or contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable Date shall be due and owing in full (but not necessarily payable) by Buyer the applicable Transferee to Originator the applicable Seller or its designee on such the Purchase Date immediately following the Business Day on which such Receivable comes into existence (except that Buyer each Transferee may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by Originator such Seller to Buyer such Transferee hereunder and which have become due but remain unpaid) and shall be paid to Originator such Seller in the manner provided in the following paragraphs (b), (c) and (d).