Common use of Receivables Purchase Price Clause in Contracts

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.

Appears in 2 contracts

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii), Purchase Agreement (Nissan Auto Receivables Corp Ii)

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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 be deemed paid by the Purchaser to the SellerSeller and then immediately returned by the Seller to the Purchaser as a contribution to capital.

Appears in 2 contracts

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii), Purchase Agreement (Nissan Auto Receivables Corp Ii)

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 ___94.721% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.279% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2006-a Owner Trust)

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 ___91.103% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___8.897% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2003-C Owner Trust)

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 ___94.94% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.06% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2006-B Owner Trust)

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 ___94.843% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.157% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2005-a Owner Trust)

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 ___94.9% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.1% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2004-C Owner Trust)

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 ___93.319% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___6.681% of the Receivables Purchase Price shall constitute evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2003-a Owner Trust)

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 ___94.99% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.01% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii)

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 ___97.843% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___2.157% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii)

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.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii)

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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 ___93.074% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___6.926% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2003-B Owner Trust)

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 ___93.853% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___6.147% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2009-1 Owner Trust)

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 ___94.763% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.237% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2004-B Owner Trust)

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 ___94.621% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.379% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2005-B Owner Trust)

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 ___99.271% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___0.729% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2008-B Owner Trust)

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 ___94.981% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___5.019% of the Receivables Purchase Price shall constitute be evidenced by an advance under a capital contribution by the Purchaser to the Sellersubordinated non-recourse promissory note.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables 2004-a Owner Trust)

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 ___95.35% of the Receivables Purchase Price shall be paid to the Seller in cash by federal wire transfer (same day) funds. The remaining approximately ___4.65% of the Receivables Purchase Price shall constitute a capital contribution by the Purchaser to the Seller.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii)

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