Purchased Amount definition

Purchased Amount means, with respect to any Purchased Receivable, the unpaid principal balance owed by the Obligor thereon plus interest on such amount at the applicable APR accrued to and including the last day of the Collection Period preceding the date that such Purchased Receivable was purchased by the Seller or the Servicer, as applicable.

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Purchased Amount means, at any time, an amount equal to (a) the aggregate Purchase Price, minus (b) the aggregate amount paid to WFBC hereunder on account of Purchased Accounts and Related Rights, net of all fees, interest, expenses and costs hereunder.

Purchased Amount is the amount identified above and refers to the total amount of Future Receipts that Seller shall be under obligation to deliver to Buyer pursuant to this Agreement.

Examples of Purchased Amount in a sentence

• Any such purchase by the Seller shall be at a price equal to the Purchased Amount.

• Upon payment of such Purchased Amount by the Seller, the Issuer and the Indenture Trustee shall release and shall execute and deliver such instruments of release, transfer or assignment, in each case without recourse or representation, as shall be reasonably necessary to vest in the Seller or its designee any Receivable repurchased pursuant hereto.

• In consideration for such repurchase, the Servicer shall make (or shall cause to be made) a payment to the Issuer equal to the Purchased Amount by depositing such amount into the Collection Account in accordance with Section 5.04 on the Business Day preceding such Payment Date (or, if the Servicer elects, an earlier Payment Date).

• In consideration for such repurchase, the Seller shall make (or shall cause to be made) a payment to the Issuer equal to the Purchased Amount by depositing such amount into the Collection Account on the Business Day preceding the Payment Date of repurchase (or, if the Seller elects, an earlier Payment Date).

• In consideration for such repurchase, the Seller shall make (or shall cause to be made) a payment to the Issuer equal to the Purchased Amount by depositing such amount into the Collection Account in accordance with Section 5.04 on the Business Day preceding the Payment Date of repurchase (or, if the Seller elects, an earlier Payment Date).

More Definitions of Purchased Amount

Purchased Amount the total amount of the Specified Percentage of the Future Receipts that the Seller shall be under obligated to deliver and pay to the Purchaser;

Purchased Amount means the amount designated as such in clause 7 of the "Sale and Purchase Agreement", which is the amount of the Merchant's Future Receivables, which it has sold to Retail Capital.

Purchased Amount means the monetary value of the Future Receivables being sold by Seller to Buyer. The Parties acknowledge, understand, and agree that the Purchased Amount shall be in the dollar amount shown in the “SUMMARY OF KEY FINANCIAL TERMS” on Page 1 of this Agreement.

Purchased Amount means, at any time, an amount equal to (a) the aggregate purchase price paid by WFBC for the Purchased Accounts and the Related Rights, minus (b) the aggregate amount paid to WFBC hereunder on account of Purchased Accounts and Related Rights, net of all fees, interest, expenses and costs hereunder, plus (c) all amounts which at any time must be returned for any reason to the Customer by WFBC.

Purchased Amount means the total amount of Receipts purchased by MMP under a Merchant Agreement.

Purchased Amount. Addendum (the “Addendum”) to the Purchase and Sale of Future Receivables Agreement (the “Agreement”) by: Seller(s): _______________ Purchaser: Agile Capital Funding (“Purchaser”) 1. Unless otherwise specifically defined herein, all capitalized terms in this Addendum shall have the meanings set forth in the Agreement.

Purchased Amount has the meaning provided in Section 2.04(b).