Common use of Purchase Price Payments Clause in Contracts

Purchase Price Payments. On the Closing Date, and on the Business Day following each other day on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $10 million or (iv) any combination of the foregoing. Such $10 million cap may be increased upon the occurrence of and in the amount of any cash capital contributions made by the Seller to the Purchaser.

Purchase Price Payments. On the Closing Date, and on the Business Day following each day other day than the Closing Date on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $10 30 million or (iv) any combination of the foregoing. Such $10 million cap may be increased upon the occurrence of and in the amount of any cash capital contributions made by the Seller to the Purchaser.

Purchase Price Payments. On the Closing Date, and on the Business Day following each day other day than the Closing Date on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $10 35 million or (iv) any combination of the foregoing. Such $10 million cap may be increased upon the occurrence of and in the amount of any cash capital contributions made by the Seller to the Purchaser.

Purchase Price Payments. On the Closing Date, and on the Business Day following each other day on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, Purchaser and (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $10 million or (iv) any combination of the foregoingmillion. Such $10 million cap may be increased upon the occurrence of and in the amount of any cash capital contributions made by the Seller to the Purchaser.

Purchase Price Payments. On the Closing Date, and on the Business Day following each day other day than the Closing Date on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $10 million _____ or (iv) any combination of the foregoing. Such $10 million cap may be increased upon the occurrence of and in the amount of any cash capital contributions made by the Seller to the Purchaser.