Initial Receivables Purchase Price. Simultaneously with the conveyance of the Initial Receivables and the Initial Other Conveyed Property with respect thereto by Triad to the Company, on the Closing Date, the Company shall pay to Triad the Purchase Price of the Initial Receivables sold by Triad to the Company.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Asset Backed Securities Corp), Receivables Purchase Agreement (Triad Financial Corp)