Aggregate Receivables definition
Examples of Aggregate Receivables in a sentence
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.
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”).
A portion of the Initial Aggregate Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from the Seller to ▇▇▇▇).
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.
In consideration for the Initial Purchased Property, ▇▇▇▇ shall, on the Initial Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Initial Receivables and the Seller shall execute and deliver to ▇▇▇▇ an assignment in the form attached hereto as Exhibit A (the “First Step Initial Receivables Assignment”).