Payment to the Seller. An amount equal to the lesser of (A) the positive difference, if any, between the amount of the Seller Interest (determined as described below) and the Minimum Seller Interest and
Payment to the Seller. The SPV shall not acquire any Receivable other than through, under, and pursuant to the terms of, the Second Tier Agreement.
Payment to the Seller. With respect to any Asset acquired by the Borrower from the Seller, each GWG Party shall cause such conveyance to be effected under, and in compliance with the terms of, the Sale and Servicing Agreement, including, without limitation, the terms relating to the amount and timing of payments to be made to the Seller in respect of the purchase price for such Asset. With respect to any Asset purchased by the Seller from a Life Settlement Provider or Insured, as applicable, each GWG Party shall cause such sale to be effected under, and in compliance with the terms of, the applicable Purchase and Sale Agreement and Origination Agreement (if applicable), including, without limitation, the terms relating to the amount and timing of payments to be made to the Life Settlement Provider or Insured, as applicable, in respect of the purchase price for such Asset.
Payment to the Seller. With respect to any Receivable sold or contributed by the Seller to either Pledgor, the respective Pledgor shall, and shall cause the Seller to, effect such sale or contribution under, and pursuant to the terms of, the Receivables Purchase Agreement, including, without limitation, the payment by such Pledgor to the Seller of an amount equal to the purchase price for each such Receivable sold, as required by the terms of the Receivables Purchase Agreement.
Payment to the Seller. The Purchaser shall have paid the Seller the Initial Payment and Advance, in accordance with Section 2.6.
Payment to the Seller. With respect to any Receivable sold by the Seller to the Transferor, the Transferor shall, and shall cause the Seller to, effect such sale under, and pursuant to the terms of, the Receivables Purchase Agreement, including, without limitation, the payment by the Transferor (either in cash or by increase in the amount of the Subordinated Note) to the Seller of an amount equal to the purchase price for such Receivable as required by the terms of the Receivables Purchase Agreement.
Payment to the Seller. The Purchaser shall pay, in cash by direct wire transfer, to the Seller the amount set forth in Section 2.1.1(ii)(a).
Payment to the Seller. Upon payment by (or at the direction of) Buyer to the Seller of any amounts required to be delivered to the Seller in accordance with this Agreement: (a) such payments shall constitute full payment of such then-due amounts, in complete satisfaction of Buyer’s payment obligations to the Seller with respect thereto; (b) Buyer shall have no obligation or responsibility of any kind or nature to ensure that the Seller invests or properly accounts for the funds received from Buyer or to ensure that the funds are distributed to the Stockholders, or to oversee or otherwise be responsible for distribution or disbursement of such funds; and (c) Buyer shall be released, without further action by any of the parties, from all further payment obligations with respect to such payments.
Payment to the Seller. With respect to any Venture Loan or related Warrant purchased by the Borrower from the Seller, such sale shall be effected under, and in compliance with the terms of, the Purchase Agreement, including, without limitation, the terms relating to the amount and timing of payments to be made to the Seller in respect of the purchase price for such Venture Loan and related Warrants.
