Common use of Initial Receivables Purchase Price Clause in Contracts

Initial Receivables Purchase Price. In consideration for the Initial Receivables and the other Initial Transferred Property described in Section 2.1(a), the Transferor shall, on the Closing Date, pay to the Originator an amount equal to $ (the "Initial Receivables Purchase Price"). In addition, on the Closing Date, the Originator will be deemed to have made a capital contribution to the Transferor equal to the difference between the Principal Balance of the Receivables (as of the Initial Cut-off Date) transferred by the Originator to the Transferor on such date and the cash proceeds so received by the Originator in consideration thereof. All monies paid to the Originator pursuant to this Section 2.1(b) shall be paid by federal wire transfer (same day) funds.

Initial Receivables Purchase Price. In consideration for the Initial Receivables and the other Initial Transferred Property described in Section 2.1(a), the Transferor shall, on the Closing Date, pay to the Originator an amount equal to $ $[_____________] (the "Initial Receivables Purchase Price"). In addition, on the Closing Date, the Originator will be deemed to have made a capital contribution to the Transferor equal to the difference between the Principal Balance of the Receivables (as of the Initial Cut-off Date) transferred by the Originator to the Transferor on such date and the cash proceeds so received by the Originator in consideration thereof. All monies paid to the Originator pursuant to this Section 2.1(b) shall be paid by federal wire transfer (same day) funds.