Outstanding Purchase Price definition
Outstanding Purchase Price means, for any Purchased Asset, as of any date of determination, the Initial Purchase Price thereof, as reduced by any amount thereof repaid to the Purchaser pursuant to the terms of this Agreement and as increased by any Incremental Purchase Price related to such Purchased Asset.
Outstanding Purchase Price means an amount equal to (a) the aggregate amount of all Purchase Prices paid by the Purchaser hereunder with respect to all Purchased Receivables, minus (b) the aggregate amount of all Collections with respect to such Purchased Receivables deposited into the Purchaser Account or otherwise directly received by the Purchaser.
Outstanding Purchase Price has the meaning set forth in Section 7.03(c). "Party" means Department or Seller.
Examples of Outstanding Purchase Price in a sentence
In the event that the purchase of a whole Offered Receivable would cause the Outstanding Purchase Price to exceed the Program Limit, the Purchaser shall be deemed to have purchased a Participation Interest in such Offered Receivable.
Subject to the limited recourse described below and the other Recourse Obligations, the Purchaser agrees that it shall be responsible for the non-payment of any Purchased Receivable to the extent it is the result of an Insolvency Event or the general lack of creditworthiness of the applicable Account Debtor, such assumption of credit risk (with respect to the Outstanding Purchase Price relating thereto only) being effective as of the Purchase Date for such Purchased Receivables.
More Definitions of Outstanding Purchase Price
Outstanding Purchase Price means the Purchase Price then accrued but not yet paid.
Outstanding Purchase Price. (a) as to all the Purchasers at any date of determination, the aggregate Purchase Prices which at such date have been paid to purchase Purchased Receivables (or portions thereof) in accordance with this Agreement minus the amount of Principal Collections which have been received by the Purchasers (including, without limitation, Principal Collections which have been used to purchase additional Eligible Receivables pursuant to subsection 2.15(b)) minus the amount, if any, of Excess Spread which has been paid to the Purchasers pursuant to subsection 2.16(b)(vi)(2) and (b) as to any Purchaser, its pro rata share of the Outstanding Purchase Price, as determined pursuant to clause (a) above.
Outstanding Purchase Price means, on any given date, an amount equal to (a) the sum of the AA Shares Purchase Price and the L Shares Purchase Price minus (b) the sum of the payments received by Seller under Sections 2.02 and 2.04 as of such date minus (c) if applicable, the Early Purchase Price Amount.
Outstanding Purchase Price means, with respect to any Transaction, the original Purchase Price reduced by all principal payments and paydowns received by Buyer (other than payments with respect to accrued Price Differential) and plus any additional amounts advanced by Buyer with respect to the related Eligible Loans.
Outstanding Purchase Price. (x) The aggregate amount of all Purchase Prices paid by Buyer with respect to the Purchased Receivables, minus (y) the aggregate amount of all collections with respect to the Purchased Receivables deposited into the Collection Account.
Outstanding Purchase Price means, at any time, the amount equal to the product of (A) the aggregate Net Invoice Amounts, multiplied by (B) the applicable Advance Rates, with respect to (i) the Purchased Receivables or (ii) the Purchased Receivables relating to any Account Debtor Group, as the context may require, minus the aggregate amount of all Collections with respect to such Purchased Receivables deposited in the Collection Account up to but not exceeding, for any Purchased Receivable, the Net Invoice Amount with respect thereto; provided, that the Outstanding Purchase Price shall not equal less than zero.
Outstanding Purchase Price means, with respect to any Mortgage Loan and any date of determination, (i) the Initial Purchase Price of such Mortgage Loan (including, without limitation, with respect to any HELOC, the Initial Purchase Price of any Additional Balance related thereto sold, upon a Seller’s election, by such Seller to the Purchaser pursuant to Section 2.1(a) of the Mortgage Loan Purchase and Servicing Agreement on any Closing Date subsequent to the Closing Date for such HELOC), less (ii) the amounts of any payments received by the Purchaser in respect of Acquisition Date Accrued Interest, less (iii) all previous principal payments made on such Mortgage Loan after acquisition by the Purchaser and deposited into the Collateral Account prior to such date of determination (excluding with respect to any HELOC, any Excluded Amounts related thereto); provided, however, that after any Loan Termination Date or any date on which a Mortgage Loan is repurchased by a Seller or the Servicer pursuant to Sections 3.3, 3.5(c), 6.2 or 7.1 of the Mortgage Loan Purchase and Servicing Agreement, the Outstanding Purchase Price of such Terminated Loan or such repurchased Mortgage Loan shall be zero.