Common use of Effect of Payment of Purchase Price Clause in Contracts

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or by an increase in a Buyer Note pursuant to Section 3.1) for any Receivable or upon a transfer of a Receivable as a capital contribution, title to the Receivables included therein shall vest in Buyer, whether or not the conditions precedent to such purchase or contribution were in fact satisfied; provided, however, that Buyer shall not be deemed to have waived any claim it may have under this Agreement for the failure by Seller in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price (whether in cash or by an increase in a Buyer Note in each case pursuant to Section 3.1) for any Receivable or upon a transfer of a Receivable as a capital contributionPurchase, title to the Receivables and the Related Assets included therein in the Purchase shall vest in Buyer, whether or not the conditions precedent to such purchase or contribution the Purchase were in fact satisfied; provided, however, that Buyer shall not be deemed to have waived any claim it may have under this Agreement for the failure by a Seller in fact to satisfy any such condition precedent.

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase (whether in cash or by an increase in a Buyer Note pursuant to Section 3.1) for any Receivable or upon a transfer of a Receivable as a capital contributionthe applicable Seller's Subordinated Note), title to the Receivables and the Related Assets included therein in such Purchase shall vest in Buyerthe Purchaser, whether or not the conditions precedent to such purchase or contribution Purchase were in fact satisfied; provided, however, that Buyer the Purchaser shall not be deemed to have waived any claim it may have under this Agreement for the failure by any Seller in fact to satisfy any such condition precedent.