Common use of Payment of Purchase Price Clause in Contracts

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

AutoNDA by SimpleDocs

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables 20 - Exchange Note and the other Purchased Property.

Appears in 3 contracts

Samples: Exchange Note Purchase Agreement (CAB East LLC), Exchange Note Purchase Agreement (CAB East LLC), Exchange Note Purchase Agreement (CAB East LLC)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,307,746,617.31 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-C), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,493,208,613.90 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2018-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2018-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,265,832,805.03 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-B)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,310,146,674.33 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-C), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,044,553,105.49 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,309,397,170.04 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-D), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-D)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,045,013,821.46 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $995,551,479.81 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2018-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2018-B)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,572,231,325.76 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-B)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $2,080,643,914.08 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-B)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $831,742,859.00 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,310,087,302.91 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2021-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2021-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,571,269,282.57 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-C), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,832,092,413.47 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-C), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,307,356,841.90 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-B)

AutoNDA by SimpleDocs

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $894,583,960.82 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables 2016-A Exchange Note and the other Purchased Property.

Appears in 2 contracts

Samples: Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,624,483,943.99 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,303,405,426.08 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-C), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,560,436,516.75 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,572,102,801.74 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,048,109,104.42 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2019-B)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,048,022,320.84 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,540,589,650.36 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-A)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,310,033,633.49 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-C)

Payment of Purchase Price. In consideration for the Purchased Property, the Depositor will pay to the Sponsor $ $1,048,050,473.94 on the Closing Date. The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s 's capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-B)

Time is Money Join Law Insider Premium to draft better contracts faster.