Common use of Purchase Price Calculation Clause in Contracts

Purchase Price Calculation. The “Purchase Price” to be paid to Seller on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from Seller shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the sum of (x) the discount rate to be determined by the Buyer and Seller from time to time to account for credit risk and profit margin and (y) the quotient (expressed as a percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Purchase Price Calculation. The “Purchase Price” to be paid to Seller each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from Seller such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the sum of (x) the discount rate to be determined by the Buyer and Seller the applicable Originator from time to time to account for credit risk and profit margin and (y) the quotient (expressed as a percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Purchase Price Calculation. The “Purchase Price” to be paid to Seller each Originator on any Payment Date in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from Seller such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to [the sum of (x) the discount rate to be determined by the Buyer and Seller the applicable Originator from time to time to account for credit risk and profit margin and (y) the quotient (expressed as a percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

Purchase Price Calculation. The “Purchase Price” to be paid to Seller each Originator on any Payment Date (as defined below) in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from Seller such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the sum of (xa) the discount rate to be determined by the Buyer and Seller from time to time to account for credit risk and profit margin and (yb) the quotient (expressed as a percentage) of (ai) one, divided by (bii) the sum of (iA) one, plus (iiB) the product of (A1) the Prime Rate on such Payment Date, times (B2) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the calendar month Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.