Amounts and Terms of the Purchase Sample Clauses
The "Amounts and Terms of the Purchase" clause defines the specific financial details and conditions under which a purchase will occur. It typically outlines the total purchase price, payment schedule, and any applicable adjustments or contingencies, such as deposits, installment payments, or conditions for final payment. By clearly stating these terms, the clause ensures both parties understand their financial obligations and helps prevent disputes over payment expectations or timing.
Amounts and Terms of the Purchase. Section 1.1 [Reserved].
Amounts and Terms of the Purchase. Section 1.1 Purchase of Receivables. Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, each Original Seller does hereby sell, assign, transfer, set-over and otherwise convey to Interface, without recourse (except to the extent expressly provided herein), and Interface does hereby purchase from each Original Seller, all of such Original Seller's right, title and interest in and to all of such Original Seller's Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Interface shall acquire all of such Original Seller's right, title and interest in and to all of such Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Interface shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.2. In connection with consummation of the Purchase Price for any Receivables purchased hereunder, Interface may request that each Original Seller deliver, and each Original Seller shall deliver, such approvals, opinions, information, reports or documents as Interface may reasonably request.
(a) It is the intention of the parties hereto that the Purchase of Receivables made hereunder shall constitute a sale, which sale is absolute and irrevocable and provides Interface with the full benefits of ownership of the Receivables. Except for the Purchase Price Credits owed pursuant to Section 1.3, the sale of Receivables hereunder is made without recourse to any Original Seller; provided, however, that (i) each Original Seller shall be liable to Interface for all representations, warranties, covenants and indemnities made by such Original Seller pursuant to the terms of the Transaction Documents to which such Original Seller is a party, and (ii) such sale does not constitute and is not intended to result in an assumption by Interface or any assignee thereof of any obligation of any Original Seller or any other Person arising in connection with the Receivables, th...
Amounts and Terms of the Purchase. 2 Section 1.1 Purchase of Receivables.......................................................................2 Section 1.2 Payment for the Purchase......................................................................3 Section 1.3
Amounts and Terms of the Purchase. 1
Section 1.1 Initial Contribution of Receivables 1
Section 1.2 Purchase of Receivables 2 Section 1.3 Payment for the Purchases 3
Section 1.4 Purchase Price Credit Adjustments 4
Section 1.5 Payments and Computations, Etc 5 Section 1.6 License of Software 5 Section 1.7 Characterization 6
Amounts and Terms of the Purchase. 2 Section 1.1 Initial Dividend and Contribution of Receivables2
Amounts and Terms of the Purchase. 1.1 Purchase of Receivables 2 1.2 Payment for the Purchase 3
1.3 Purchase Price Credit Adjustments 4
1.4 Payments and Computations, Etc. 5 1.5 Transfer of Records 5 1.6 Characterization 5
Amounts and Terms of the Purchase. 23 SECTION 2.01. Facility .............................................23 SECTION 2.02. Making Purchases .....................................23 SECTION 2.03. Transfers of Interests in Purchased Assets............24 SECTION 2.04. Termination or Reduction of the Purchase Limit........24 SECTION 2.05.
Amounts and Terms of the Purchase. [Reserved].
Amounts and Terms of the Purchase. Section 1.1 Initial Contribution of Receivables; Specified Originator.
(a) On the date hereof, Parent does hereby contribute, assign, transfer, set-over and otherwise convey to Buyer, and Buyer does hereby accept from Parent, Receivables Originated By Parent and existing as of the close of business on the Business Day immediately prior to the date hereof (the "INITIAL CUTOFF DATE") having an aggregate Outstanding Balance of $8,000,000 (the "INITIAL CONTRIBUTED RECEIVABLES"), together with all Related Security relating thereto and all Collections thereof.
(b) For purposes hereof, certain Originators may be designated by Parent as "Specified Originators." Each Specified Originator will convey Receivables Originated By it to Parent, rather than conveying such Receivables directly to Buyer. Parent, in turn, will convey such Receivables to Buyer as provided herein. Midwest will be the initial Specified Originator. Parent may designate additional Originators (other than Parent) as Specified Originators upon not less than 10 days' prior written notice to Buyer and the Agent, provided that (before giving effect to such designation) such Originator shall have (i) assumed in writing the obligations of a Specified Originator hereunder, in a form satisfactory to Buyer and the Agent, and (ii) executed and filed all financing statements, instruments and other documents reasonably necessary to perfect the interests of Parent (and of Buyer and the Agent, as assignees of Parent) in the Receivables Originated By such Originator and the associated Related Security (except for Excluded Items) and Collections.
Amounts and Terms of the Purchase. Section 1.1 Initial Contribution of Receivables. On the date hereof, Parent does hereby contribute, assign, transfer, set-over and otherwise convey to Buyer, and Buyer does hereby accept from Parent, Receivables originated by Parent and existing as of the close of business on the Business Day immediately prior to the date hereof (the "INITIAL CUTOFF DATE") having an aggregate Outstanding Balance of $39,651,962 (the "INITIAL CONTRIBUTED RECEIVABLES"), together with all Related Security relating thereto and all Collections thereof.