Subsequent Purchase Price Payments. On each Payment Date subsequent to the Closing Date, on the terms and subject to the conditions set forth in this Agreement, the Company shall pay to each Originator the Purchase Price for the Receivables generated by such Originator on such Payment Date:
Subsequent Purchase Price Payments. 5 SECTION 3.3 Settlement as to Specific Receivables and Dilution ........ 6 SECTION 3.4
Subsequent Purchase Price Payments. On each Payment Date falling after the Initial Closing Date, on the terms and subject to the conditions set forth in this Agreement, AFC shall pay to the Originator the Purchase Price for the Receivables generated by the Originator during the immediately preceding month in cash by depositing into such account as the Originator shall specify immediately available funds from monies then held by or on behalf of AFC from Collections, solely to the extent that such monies do not constitute Collections that are required to be segregated and held by the Servicer pursuant to the Receivables Purchase Agreement or to be distributed to the Servicer pursuant to the Receivables Purchase Agreement on the next Settlement Date or otherwise required to be paid to the Servicer on the next Settlement Date (collectively, the "AVAILABLE FUNDS"). Amounts paid to the Originator on account of the Purchase Price shall be reconciled on each Settlement Date by determining: (a) the Purchase Price payable pursuant to SECTION 2.1 with respect to all Receivables sold by the Originator hereunder on each Payment Date and (b) the sum of the amounts paid to the Originator pursuant to the foregoing sentence for such Receivables and the amount of any reduction under SECTION 3.3 and 3.4 in the Purchase Price of such Receivables. If the amount described in CLAUSE (A) is greater than the amount described in CLAUSE (B), AFC shall pay to the Originator, to the extent of Available Funds, the amount of such excess in immediately available funds on such Settlement Date. If the amount described in CLAUSE (A) is less than the amount described in CLAUSE (B), the Originator shall pay to AFC the shortfall in immediately available funds on such Settlement Date.
Subsequent Purchase Price Payments. On each Payment Date subsequent to the Initial Purchase Date, on the terms and subject to the conditions set forth in this Agreement, the Buyer shall pay to each Originator the Purchase Price for the Receivables and the Related Rights generated by such Originator since the immediately preceding Payment Date in accordance with Section 1.2(b):
Subsequent Purchase Price Payments. 5 3.3 Settlement as to Specific Receivables and Dilution ................ 6 3.4
Subsequent Purchase Price Payments. 8 SECTION 3.3 SETTLEMENT AS TO SPECIFIC RECEIVABLES............................9 SECTION 3.4 SETTLEMENT AS TO DILUTION........................................9 SECTION 3.5 RECONVEYANCE OF RECEIVABLES.....................................10
Subsequent Purchase Price Payments. On each Business Day falling after the Closing Date and on or prior to the Purchase and Sale Termination Date, on the terms and subject to the conditions set forth in this Agreement, the Company shall pay to the Seller the Purchase Price for the Receivables sold by the Seller to the Company on such Business Day, in cash, to the extent provided under Section 1.2 of the Receivables Purchase Agreement, and to the extent any of such Purchase Price remains unpaid, such remaining portion of such Purchase Price shall be paid by means of an automatic increase to the outstanding principal amount of the Subordinated Note. Servicer shall make all appropriate record keeping entries with respect to the Subordinated Note or otherwise to reflect the foregoing payments and to reflect adjustments pursuant to Section 3.4, and Servicer's books and records shall constitute rebuttable presumptive evidence of the principal amount of and accrued interest on any Subordinated Note at any time. Furthermore, Servicer shall hold the Subordinated Note for the benefit of the Seller, and all payments under the Subordinated Note shall be made to the Servicer for the account of the Seller. The Seller hereby irrevocably authorizes Servicer to xxxx the Subordinated Note "CANCELLED" and to return the Subordinated Note to the Company upon the final payment thereof after the occurrence of the Purchase and Sale Termination Date.
Subsequent Purchase Price Payments. On each Payment Date subsequent to the Closing Date, on the terms and subject to the conditions set forth in this Agreement, the Buyer shall pay the Purchase Price to each Originator for the Receivables and the Related Rights generated or otherwise acquired by such Originator (including each Receivable sold or purportedly sold by the Sub-Originator to an Originator pursuant to the Sub-Originator Sale Agreement) during the Interest Period (or portion thereof) most recently ended prior to such Payment Date:
Subsequent Purchase Price Payments. On each Business Day after the Initial Closing Date until the termination of this Agreement pursuant to SECTION 10.4 hereof, the Initial Purchaser shall pay to each Originator a portion of the Purchase Price due pursuant to SECTION 2.1 by depositing into such account as such Originator shall specify in immediately available funds from monies then held by or on behalf of the Initial Purchaser, solely to the extent that such monies do not constitute Collections that are required to be segregated and held by the Master Servicer pursuant to the Receivables Purchase Agreement or to be distributed to the Administrator pursuant to the Receivables Purchase Agreement on the next Settlement Date or required to be paid to the Master Servicer as the Servicer's Fee on the next Settlement Date, or paid to the Concentration Banks or the Liquidity Banks pursuant to the Receivables Purchase Agreement on the next Settlement Date, or otherwise necessary to pay current expenses of the Initial Purchaser (in its discretion) and provided that such Originator has paid all amounts then owing by it hereunder. The portion of the Purchase Price paid to each Originator shall be adjusted on each Settlement Date by the amount of the difference, if any, between (x) the amount due pursuant to SECTION 2.1 with respect to all Receivables created or originated by such Originator that arose during the corresponding Settlement Period and (y) the amount paid to such Originator during such Settlement Period pursuant to the foregoing sentence for such Receivables. If the amount for any applicable Originator described in CLAUSE (x) is greater than the amount described in CLAUSE (y), the Initial Purchaser shall pay to such applicable Originator the difference by increasing the principal amount outstanding under the Initial Purchaser Note payable to such Originator, effective as of the last day of the related Settlement Period. If the amount for any applicable Originator described in CLAUSE (x) is less than the amount described in CLAUSE (y), such applicable Originator shall pay to the Initial Purchaser the difference by a reduction in the principal amount of the Initial Purchaser Note payable to such Originator, effective as of the last day of the related Settlement Period; PROVIDED, HOWEVER, that if at any time the unpaid principal amount of such Initial Purchaser Note has been reduced to zero, the applicable Originator shall pay the Initial Purchaser the remainder owed with respect thereto in imm...
Subsequent Purchase Price Payments. On each Transfer Effective Date subsequent to the Effective Date, on the terms and subject to the conditions set forth in this Agreement, the Participant shall pay to the Originator the Purchase Price for the Participations being sold by the Originator on such Transfer Effective Date in cash.
