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.
Any such purchase by the Servicer shall be at a price equal to the Purchased Amount.
Upon payment of such Purchased Amount by the Servicer, 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 Servicer or its designee any Receivable repurchased pursuant hereto.
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.
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, 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 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.
Purchased Amount means the total amount of Receipts purchased by MMP under a Merchant Agreement.
Purchased Amount means the total amount of the Specified Percentage of the Future Receipts that Seller shall be under obligation to deliver and pay over to Velocity Group USA Inc. pursuant to this Agreement. The Purchased Amount shall be the amount set forth under "Purchased Amount" in the preamble to this Agreement. e. "Purchase Price shall mean the total amount that Velocity Group USA Inc.. agrees to pay for the Purchased Amount. Note that theamount that Seller will actually receive from Velocity Group USA Inc. pursuant to this Agreement will be less than the Purchase Price by the total sum of the Applicable Fees, Prior Balance and the Origination Fee, if any, as set forth in subparagraphs i., j. and k. below. The Purchase Price is set forth in the Preamble to this Agreement. f. "Initial Weekly Installment" shall mean the fixed amount that Seller and Velocity Group USA Inc. agree to be a good faith approximation of the Specified Percentage of Seller's Weekly Future Receipts. Seller and Velocity Group USA Inc. further agree that the Initial Weekly Installment set forth in the Preamble to this Agreement is based upon the information provided by Seller to Velocity Group USA Inc. concerning Seller's most recent accounts receivables, including representations by the Seller to Velocity Group USA Inc. regarding the Seller's estimated Future Receipts, and subject to Seller's right of adjustment/reconciliation set forth in this Agreement. g. "Workday" shall mean Monday through Friday except on days when banking institutions are closed for the holidays and do not process ACH payments. h. "Applicable Fees" shall mean, collectively, all initial costs and fees that Seller agrees to pay to Velocity Group USA Inc. as consideration for agreeing to enter into this Agreement and that are described in Sections 17-19 of this Agreement. The total sum of the Applicable Fees will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller's authorization set forth in Rider 3 to this Agreement, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchase Price or Purchased Amount. i. "Prior Balance" shall mean the sum of all amounts that Seller may owe to Velocity Group USA Inc. and/or third party(s) as of the Effective Date of this Agreement. The Prior Balance, if any, is described in Section 18 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller's authorization set fo...