Common use of Consideration and Payment Clause in Contracts

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] of the Exchange Note Purchase Price.

Appears in 4 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

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Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 811,683,814.15 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2020-A), Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2020-A)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 978,715,444.19 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 809,148,276.74 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Auto Leasing LLC), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 790,958,391.31 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2020-B), Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2020-B)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 791,937,121.25 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2019-B), Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2019-B)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 762,978,119.66 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 698,493,978.60 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 807,890,752.15 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2019-A), Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2019-A)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 813,011,327.81 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

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Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 794,187,836.79 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2018-B), Exchange Note Sale Agreement (World Omni Automobile Lease Securitization Trust 2018-B)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 793,932,178.08 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 867,661,168.65 of the Exchange Note Purchase Price.

Appears in 2 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 728,176,229.02 of the Exchange Note Purchase Price.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (World Omni LT)

Consideration and Payment. In consideration of the transfer of the Exchange Note to the Buyer on the Closing Date, the Buyer shall pay to the Seller on the Closing Date, the Exchange Note Purchase Price with respect thereto. If the Exchange Note Purchase Price to be paid for the Exchange Note exceeds the amount of any cash payment for the account of the Seller on such day, such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution. As of the Closing Date, the Buyer paid in cash $[ ] 776,889,019.14 of the Exchange Note Purchase Price.

Appears in 1 contract

Samples: Exchange Note Sale Agreement (World Omni LT)

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