Purchase Price Due Date definition
Purchase Price Due Date means in respect of any Receivables purchased by the Purchaser under the Master Receivables Purchase Agreement, the Closing Date and, in respect of any subsequent purchase of Receivables by the Purchaser under the Master Receivables Purchase Agreement, the fifth (5th) Business Day immediately after the respective Data Retransfer Date on which the Purchase Price for such Receivable is payable by the Purchaser to the Seller. For the avoidance of doubt, a Purchase Price Due Date (other than the first Purchase Price Date) will also be a Settlement Date.