Initial Purchase definition

Initial Purchase means the initial Purchase made by the Buyer hereunder.
Initial Purchase has the meaning assigned to such term in Section 3.2.
Initial Purchase shall have the meaning assigned thereto in Section 2(b)(i).

Examples of Initial Purchase in a sentence

This document shall constitute the Initial Purchase Agreement referred to in the Master Terms and, except as modified herein, each term used herein shall have the same meaning as in the Master Terms.

All references in the Master Terms to Loans, Eligible Loans, Initial Loans or Purchased Loans, as applicable, shall be deemed to refer to the Loans governed by this Initial Purchase Agreement.

If the terms of the Initial Purchase Agreement or an Additional Purchase Agreement conflict with the terms of these Master Terms, the terms of the Initial Purchase Agreement or the related Additional Purchase Agreement, as applicable, shall supersede and govern.

The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A subsequent Purchase Payment of $100,000 is received during Contract Year 1.

On the Rider Effective Date, the Protected Payment Base is equal to the Initial Purchase Payment or, if effective on a Contract Anniversary, the Contract Value on that Contract Anniversary.


More Definitions of Initial Purchase

Initial Purchase means the first Purchase completed under this Agreement.
Initial Purchase means the first Purchase made pursuant to this Agreement.
Initial Purchase shall have the meaning set forth in the preamble hereto.
Initial Purchase shall have the meaning assigned thereto in the Ground Segment Procurement Contract.
Initial Purchase is defined in Section 2.1(a).
Initial Purchase means: the time of initial purchase of the Covered Property from the Vendor.
Initial Purchase as defined in the recitals to this Agreement.