Receivables Purchase Price Sample Clauses
The Receivables Purchase Price clause defines how the amount to be paid for purchased receivables is determined in a transaction. Typically, this clause outlines the calculation method, which may involve applying a discount rate to the face value of the receivables or deducting certain fees and adjustments based on the creditworthiness of the underlying accounts. By clearly specifying the purchase price mechanism, this clause ensures transparency and predictability for both buyer and seller, reducing the risk of disputes over payment amounts.
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Receivables Purchase Price. On the Closing Date or the applicable Subsequent Transfer Date, CNHCR shall have delivered to CNHCA the portion of the Initial Purchase Price or the Subsequent Purchase Price, as the case may be, payable on the Closing Date or such Subsequent Transfer Date pursuant to Section 2.5.
Receivables Purchase Price. On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).
Receivables Purchase Price. On the Purchase Date, WOAR shall have delivered to World Omni the Purchase Price to the extent provided in Section 2.02.
Receivables Purchase Price. On the Closing Date, Ally Auto shall pay to the Seller that portion of the Initial Aggregate Receivables Principal Balance as provided in Section 2.02.
Receivables Purchase Price. On the Transfer Date, the Depositor shall have delivered to the Seller the Purchase Price.
Receivables Purchase Price. On the Closing Date, CNHCR shall have delivered to CNHICA the portion of the Purchase Price payable on the Closing Date pursuant to Section 2.5.
Receivables Purchase Price. On the Closing Date, the Depositor shall have delivered to the Seller the Purchase Price specified in Section 2.01.
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,343,562,170.50. A portion of the Initial Aggregate Receivables Principal Balance, equal to $1,254,302,632.23, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $89,259,538.27. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Receivables Purchase Price. On the Initial Closing Date, ▇▇▇▇ shall pay to the Seller that portion of the Initial Aggregate Receivables Principal Balance and on each Subsequent Closing Date, ▇▇▇▇ shall pay the Seller that portion of the Aggregate Additional Receivables Principal Balance, in each case, as provided in Section 2.02.
Receivables Purchase Price. In consideration for the Receivables and other properties described in Section 2.1(a), the Purchaser shall, on the Closing Date, pay to the Seller the Receivables Purchase Price. An amount equal to approximately ___% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.