Examples of Portfolio Purchase Agreement in a sentence
FMO shall transfer its Portfolio to the Company and the Company shall accept such transfer and pay a purchase price for the Portfolio to FMO in accordance with Clause 10 (Related Party Transactions) and the Portfolio Purchase Agreement.
In accordance with the terms of the Auto Portfolio Purchase Agreement, in certain circumstances the receipt by the Purchaser of a Deemed Collection will result in the relevant Purchased HP Contract being automatically re-assigned to the Seller on the next Payment Date following the payment of the Deemed Collection.
In accordance with the terms of the Auto Portfolio Purchase Agreement, in certain circumstances the receipt by the Issuer of a Deemed Collection will result in the relevant Purchased Auto Loan and Related Collateral related thereto being automatically re-assigned to the Seller on the next Payment Date following the payment of the Deemed Collection.
The amount of Collections received by the Issuer under the Auto Portfolio Purchase Agreement will vary during the life of the Notes as a result of the level of delinquencies, defaults, repayments and prepayments in respect of, inter alia, the Purchased Auto Loans.
As soon as reasonably possible after the contribution of FMO's NL Business and the State's capital contribution into the Company, the Company shall enter into the Portfolio Purchase Agreement, with FMO to acquire FMO's Portfolio.
Guarantor desires to sell and BT Commercial Corporation, a Delaware corporation ("BTCC"), desires to purchase such loans and certain other related assets of Guarantor pursuant to the terms of that certain Loan Portfolio Purchase Agreement, dated as of even date herewith (the "Purchase Agreement").
The Purchaser will apply the proceeds of the Loan to pay the Seller for the Initial Portfolio which the Seller will sell and assign to the Purchaser on the Note Issuance Date pursuant to a purchase agreement entered into between, among others, the Purchaser and the Seller (the "Auto Portfolio Purchase Agreement" ).Interest The amount of interest payable to the Issuer in respect of each Tranche on each Payment Date will be calculated by the Servicer and/or the Cash Administrator, as applicable.
Deemed Collections Pursuant to the Auto Portfolio Purchase Agreement, the Seller hasundertaken to pay to the Purchaser (or to its order) as a Deemed Collection the Outstanding Principal Amount (or the affected portion thereof) of any Purchased HP Contract (plus accrued and unpaid interest) if such Purchased HP Contract becomes a Disputed HP Contract, such PurchasedHP Contract is rescheduled or modified other than in accordance with the Servicing Agreement or certain other events occur.
The Issuer will use amounts received in respect of the Transaction Cost Fee under the Auto Portfolio Purchase Agreement exclusively to pay principal of and interest on the Expenses Loan.
Xxxxxx hereby acknowledges that the consideration he is receiving hereunder and under that certain Domain Portfolio Purchase Agreement executed this even date herewith is greater than he would otherwise have received had he not signed this Severance Agreement and that the consideration thus received is given in exchange for all of the provisions hereof.