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.

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

• 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.

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

• The Servicer or the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account, on the date specified in Section 3.03 or Section 4.07, the aggregate Purchased Amount with respect to Purchased Receivables and the Servicer shall deposit therein all amounts to be paid under Section 4.07.

• In total, after selling $674,550 of its receivables to Petitioner, Merchant remitted only $231,998, leaving an outstanding balance of $442,552 on the Purchased Amount.

• The Merchant Agreement provided that “[e]ach Merchant and [Petitioner] agree that the Purchase Price under this Agreement is in exchange for the [] Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from [Petitioner] to any Merchant.” ( Id. § 15).

More Definitions of Purchased Amount

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 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 obtained by dividing the Aggregate Purchase Price by the Stated Value; (b) “Aggregate Purchase Price” shall mean Ten Million Dollars($10,000,000.00); which amount approximates the sum of (i) the total amount of Net Cash Consideration (as such term is defined in the Merger Agreement) payable pursuant to Section 3.1(a)(iii)(1) of the Merger Agreement (prior to the deduction of the Stockholder Representative Reserve (as such term is defined in the Merger Agreement)), (ii) the total amount of cash that the Company elects to pay pursuant to Section 3.1(a)(iii)(2) of the Merger Agreement, and (iii) the Note Obligation (as such term in defined in the Merger Agreement); and (c) “Conversion Price” means an amount equal to $0.6889.

Purchased Amount means the amount of PRODUCTS purchased by FIRST HORIZON from BAYER or a third party appointed by or affiliated with BAYER.

Purchased Amount means, at any time, with respect to any Collateral Debt Obligation in the Collateral that is a Revolving Obligation, the principal amount of the funded portion of such Revolving Obligation sold to the Borrower pursuant to the Purchase Agreement, less the cumulative Revolver Paydown Amounts received with respect to such Revolving Obligation since its Cut-Off Date.

Purchased Amount means with respect to any Receivable that became a Purchased Receivable, the unpaid principal balance owed by the Obligor thereon plus interest on such amount at the applicable APR to the last day of the Collection Period of repurchase.