Common use of Subsequent NH Receivables Clause in Contracts

Subsequent NH Receivables. As consideration for the conveyance of Subsequent NH Receivables pursuant to Section 2.2, CNHCR shall pay or cause to be paid to NH Credit on each Subsequent Transfer Date an amount (a "Subsequent NH Purchase Price") equal to the aggregate Contract Value of the Subsequent NH Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by NH Credit and CNHCR. Any Subsequent NH Purchase Price shall be payable as follows: (i) cash in the amount released to CNHCR in respect of the Subsequent NH Receivables from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to NH Credit on the related Subsequent Transfer Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, CNHCR from the Spread Account, the Negative Carry Account, and the Principal Supplement Account in accordance with the Sale and Servicing Agreement, or otherwise are available for such purpose.

Subsequent NH Receivables. As consideration for the conveyance of Subsequent NH Receivables pursuant to Section 2.2, CNHCR shall pay or cause to be paid to NH Credit on each Subsequent Transfer Date an amount (a "“Subsequent NH Purchase Price"”) equal to the aggregate Contract Value of the Subsequent NH Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by NH Credit and CNHCR. Any Subsequent NH Purchase Price shall be payable as follows: (i) cash in the amount released to CNHCR in respect of the Subsequent NH Receivables from the Pre-Funding Account pursuant to Section 5.7(a5.8(a) of the Sale and Servicing Agreement shall be paid to NH Credit on the related Subsequent Transfer Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, CNHCR from the Spread Account, the Negative Carry Account, and the Principal Supplement Account in accordance with the Sale and Servicing Agreement, or otherwise are available for such purpose.