Sale Price. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the purchase price in the form of (i) the issuance and exchange of the Notes and (ii) an increase in the Seller’s equity interest in the Purchaser (together, the “Purchaser Purchase Price”) as consideration for the Purchaser Assets sold and transferred by the Seller to the Purchaser pursuant to Section 2.1 hereof, which Purchaser Purchase Price shall be acknowledged by the Seller and the Purchaser to be the fair market value thereof.
Appears in 12 contracts
Samples: Receivables Purchase and Sale Agreement (GE Equipment Transportation LLC, Series 2013-2), Receivables Purchase and Sale Agreement (Cef Equipment Holding LLC), Loan Purchase and Sale Agreement (GE Equipment Transportation LLC, Series 2012-2)
