Minimum Price Differential definition

Minimum Price Differential means, for each Accrual Period, the amount obtained by daily application of the Pricing Rate to an amount equal to sixty percent (60%) of the Maximum Amount in effect for each day in such Accrual Period.

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Minimum Price Differential means, on any day, the aggregate amount obtained by daily application of the Weighted Average Pricing Rate (or, during the continuation of an Event of Default, by daily application of the Weighted Average Post‑Default Rate) to the Minimum Purchase Amount on a 360 day per year basis for the actual number of days during the period commencing on (and including) the first day of the prior calendar month and ending on (but excluding) the last day of such prior calendar month.

Minimum Price Differential shall have the meaning set forth in the Pricing Letter.

Examples of Minimum Price Differential in a sentence

Notwithstanding the foregoing, the payment of any Price Differential for any Price Differential Collection Period shall be at least equal to the Minimum Price Differential Amount.
To the extent the aggregate Price Differential paid by Seller to Buyer (the “Actual Price Differential”) is less than the Minimum Price Differential, Seller shall pay to Buyer each calendar month on a date to be agreed between the parties, in immediately available funds, the excess of the Actual Price Differential over the Minimum Price Differential, in each case, for such calendar month.
Upon such termination, (i) Buyer (or Agent on behalf of Buyer) shall promptly refund to Seller the pro-rated portion of any prepaid Commitment Fee relating to any period from (and including) and after the Elected Facility Termination Date and (ii) Seller shall have no further liability for the Commitment Fee, non-utilization fee or Minimum Price Differential Payment or to pay further installments thereof.
To the extent the aggregate Price Differential paid by Sellers to Buyer (the “Actual Price Differential”) is less than the Minimum Price Differential, Sellers shall pay to Buyer each calendar month on a date to be agreed between the parties, in immediately available funds, the excess of the Actual Price Differential over the Minimum Price Differential, in each case, for such calendar month.
To the extent the aggregate Price Differential paid by Seller to Buyer over any Accrual Period (the “Actual Price Differential”) is less than the Minimum Price Differential for such Accrual Period, Seller shall pay to Buyer on a date to be agreed between the parties following such Accrual Period, in immediately available funds, the excess, if any, of the Minimum Price Differential over the Actual Price Differential, in each case, for such prior Accrual Period.

More Definitions of Minimum Price Differential

Minimum Price Differential means, on any day, the greater of the aggregate amount obtained by daily application of the Weighted Average Pricing Rate (or, during the continuation of an Event of Default, by daily application of the Weighted Average Post-Default Rate) to the Minimum Facility Amount on a 360 day per year basis for the actual number of days during the period commencing on (and including) the first day of the prior calendar month and ending on (but excluding) the last day of such prior calendar month; provided, however, that on and after the date on which Buyer has refused to purchase any Eligible Mortgage Loan properly submitted by Seller pursuant to a Transaction Request with respect to which all conditions precedent have been satisfied, the Minimum Price Differential shall be equal to zero.