Purchase Price Credit definition

Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

Purchase Price Credit has the meaning specified in Section 2.03.

Purchase Price Credit shall have the meaning provided in Section 1.4 hereof.

Examples of Purchase Price Credit in a sentence

• If such Purchase Price Credit exceeds the original Outstanding Balance of the Receivables originated by the Originator on such day, then the Originator shall pay the remaining amount of such Purchase Price Credit in cash within 10 Business Days thereafter; provided that if the Termination Date has not occurred, the Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note to the extent permitted thereunder.

• For example, if CAWCD were to purchase the entire 1,070 acre-feet of the Quartzsite Entitlement and secure all regulatory approvals so as to make the purchase fully effective as of December 31st of the 15thYear of the Initial Lease Term (i.e., with 10 full Years remaining in the Initial Lease Term), the Purchase Price Credit would be $727,600.00 [(($1,700/acre-foot x 1,070 acre-feet) / 25 Years) x 10 Years].

• The Purchase Price Credit shall not be considered in determining whether CAWCD accepts or rejects an offer to purchase the Quartzsite Entitlement or a portion thereof on the same terms and conditions as a third party under Subarticle 4.1 of this Lease Agreement.

• Simultaneously with the granting or payment of any Purchase Price Credit by any Seller in respect of a Purchased Receivable under clause (ii) above, such Purchased Receivable and the Receivables Property with respect thereto shall immediately and automatically be sold, assigned, transferred and reconveyed (without recourse) by the Buyer to such Seller without any further action by the Buyer or any other Person.

• If the aggregate Purchase Price Credits in respect of the Seller exceeds the Purchase Price in respect of the Receivables of the Seller payable on any Purchase Date, or if the Termination Date has occurred, then the Seller agrees to pay the remaining amount of such Purchase Price Credit to the Buyer in cash on or prior to the first Settlement Date to occur after the date on which such Purchase Price Credit arises.

More Definitions of Purchase Price Credit

Purchase Price Credit has the meaning set forth in the Receivables Sale Agreement

Purchase Price Credit has the meaning set forth in Section 1.3(a).

Purchase Price Credit has the meaning set forth in SECTION 1.3.

Purchase Price Credit has the meaning set forth in Section 1.5 of the Agreement.

Purchase Price Credit. As defined in Section 1.4 of the Agreement.

Purchase Price Credit means a credit in favor of the Purchaser against the Purchase Price otherwise due and payable by the Purchaser hereunder.

Purchase Price Credit for each Defective Parcel (excluding any Environmentally Defective Parcel) that exceeds the applicable Threshold Amount shall equal $200 per acre with respect to such Defective Parcel, provided that the Purchase Price Credit with respect to all Defective Parcels (excluding any reduction in the Purchase Price on account of an Environmentally Defective Parcel pursuant to Section 6.12(b) hereunder and any Purchase Price credit provided pursuant to Sections 6.12(c) or 6.12(e) hereunder) shall not exceed $20 million in the aggregate, and (ii) “Deleted Parcel” shall mean, (A) the Environmentally Defective Parcel, if such Environmentally Defective Parcel is either an entire separate legal or deeded tract, or (if not) can be subdivided by the execution and recordation of a deed (in which event Purchaser and Seller, each acting reasonably, shall mutually agree on the boundaries and configuration of such Deleted Parcel, provided that such Deleted Parcel shall be configured to be merchantable timberlands and to not adversely affect the ability of Purchaser or its successors to operate and harvest the Timberlands contiguous thereto), or (B) otherwise, the full deeded or legal tract or tracts in which such Environmentally Defective Parcel is located (regardless of how much larger the Deleted Parcel is than the Environmentally Defective Parcel).