Purchase Price of Debts Clause Samples

Purchase Price of Debts. 4.1 The Purchase Price of each Debt vesting in us shall be the amount paid to us in or towards discharge of the Debt less: 4.1.1 any Allowance due to or taken by the Customer; and 4.1.2 Factor's Discount, Fees and any other amounts due from you to us under this Agreement or any other agreement. 4.2 Unless otherwise agreed by us, the Purchase Price shall be payable in Sterling. If a Debt is expressed in a currency other than Sterling: 4.2.1 we may provisionally calculate the Purchase Price at the rate of exchange quoted by our bankers for them to purchase the relevant currency on the date we credit the Debt to the Sales Ledger Control Account; 4.2.2 when converting any Collection to Sterling we may calculate the Purchase Price at the rate of exchange quoted by our bankers for them to purchase the relevant currency on the date we debit the Collection to the Sales Ledger Control Account; and 4.2.3 you will indemnify us for any exchange rate losses which we suffer and the amount of such losses shall be debited to your Client and Sales Ledger Control Accounts.
View SourceView Similar (6)
Purchase Price of Debts. 4.1 The Purchase Price of the Debts covered by this Agreement is to be the amount received by us towards the discharge of the Debts but less: 4.1.1 Customers' prompt settlement discounts later claimed; and 4.1.2 any other later claimed Customers' deductions, abatements or set-offs; and 4.1.3 the discounting charges and commission charges; and 4.1.4 all other sums due to us.
View SourceView Similar (3)
Purchase Price of Debts. The Purchase Price of any Debts purchased by us will be the Notified Value of such Debt less any Discount, Service Charge and the amount of any other Liabilities, adjusted to take account of:
View SourceView Similar (2)
Purchase Price of Debts. 4.1 The purchase price of each Debt will be the amount paid to discharge the Debt less the Discount and Service Charge. 4.2 The purchase price of a Covered Debt will be the amount for which Barclays has accepted the Credit Risk if this is greater than the amount payable under Standard Term 4.1. 4.3 Barclays may pay the purchase price of a Debt in a Permitted Currency other than Sterling in either the currency of the Debt or in Sterling. If paid in Sterling: 4.3.1 on the date the Debt is credited to the Debtors Control Account, Barclays will provisionally calculate the purchase price at its current spot-buying rate of exchange; 4.3.2 on the date the purchase price is credited to the Payment Account, Barclays will calculate the purchase price at its current spot-buying rate of exchange; and 4.3.3 the Customer will receive any gains and bear any losses resulting from fluctuations in the exchange rate. 4.4 Early Payments will be made in Sterling or the Permitted Currency of the Debt unless Barclays agrees to make payment in another Permitted Currency.
View SourceView Similar (2)
Purchase Price of Debts. 3.1. The Purchase Price of each Debt shall be the amount received by us towards the discharge of the Debt but less any trade, prompt settlement or retrospective discounts that may apply and less the Discount and less the Service Charge. 3.2. If you have our Non-Recourse Facility then the Purchase Price in respect of a Covered Debt shall be the amount for which we have assumed the Credit Risk, if this shall be greater than the amount referred to in Condition 3.1. 3.3. The Purchase Price of any Debt expressed in a currency other than sterling will normally be paid in sterling unless otherwise agreed. Accordingly: (i) we shall provisionally calculate the Purchase Price at the spot buying rate of exchange for the currency of the Purchase Price for the date we shall credit the Debt to the Debtor Control Account; and (ii) we shall finally calculate the Purchase Price at the spot buying rate of exchange for the currency of the Purchase Price for the date that any part of the Purchase Price shall be credited to the Payment Account; and (iii) any exchange rate losses incurred by us shall be Your Responsibility and will accordingly be reflected in the Debtor Control Account and the Payment Account.
View SourceView Similar (2)
Purchase Price of Debts. The Purchase Price of the Debts payable by the Bank is the amount received by the Bank towards the discharge of the Debts less: Customers’ prompt settlement discounts later claimed. any other later claimed Customers’ deductions, abatements or set-offs. the Discounting Charges and Administration Fee. all other sums due to the Bank.
View SourceView Similar (2)
Purchase Price of Debts. 4.1. The purchase price of each debt shall be the gross amount of that debt less: (a) the value of any credit note issued to the customer; (b) the amount of any other deduction, discount or allowance taken or claimed by the customer; (c) any discounting and other charges (excluding service charges) payable to us under this Agreement, so far as attributable to the debt; and (d) bank charges incurred by us in collecting and/or converting into sterling any foreign currency debt. 4.2. The purchase price of a foreign currency debt shall be calculated in sterling or such other currency as we may agree with you. 4.3. If we agree that the purchase price is to be calculated in any currency other than that in which the debt is expressed, then: (a) the purchase price shall be provisionally calculated at the rate of exchange quoted to us (or, at our discretion, at the rate of exchange quoted to you by your bankers) at the time of notification; and (b) the purchase price shall be finally calculated at the rate of exchange quoted to us on the date when you may take the balance from the current account in accordance with the provisions of Condition 6 or, where applicable, we exercise recourse; and (c) any gains or losses resulting from fluctuation in exchange rates will be for your account.
View Source
Purchase Price of Debts. 5.1 The Purchase Price of each Debt is the Net Invoice Amount of that Debt, subject to adjustments and deductions provided in other provisions of condition 5. 5.2 For any Credit Protected Debt in respect of which a Credit Protection Event occurs, the Purchase Price of such Debt shall be adjusted to be the aggregate of:- (a) the amount, if any, actually received by the Bank in clear funds towards the discharge of the Debt prior to the Credit Protection Event; and (b) the Credit Cover Percentage of the unpaid invoice amount of the Debt (after deduction of the Excluded Amount) (or its equivalent in any other currency as determined by the Bank) actually due and owing by the Customer at the time of the Credit Protection Event less any First Loss, subject to the deductions provided in other provisions of condition 5. Any amount payable pursuant to sub-clause (b) above may at the absolute discretion of the Bank be converted into the Credit Cover Currency at the Credit Cover Exchange Rate. 5.3 The Bank is only obliged to pay the Purchase Price in relation to a Debt on the day and in the amount as follows:- (a) on the Business Day following the Bank's receipt of clear funds towards discharge of the Debt, the Bank is obliged to pay the Purchase Price (or part of it) for the Debt equal to the amount of such clear funds actually received by the Bank in respect of the Debt; and (b) where the Debt is a Credit Protected Debt in respect of which any Credit Protection Event occurs, the Bank is obliged to pay the Purchase Price (or part of it) for the Debt (i) in the amount stipulated in condition 5.2 (a) on the Business Day following the Bank's receipt of the relevant clear funds towards discharge of the Debt; and (ii) in an amount stipulated in condition 5.2(b) on the day falling on the 150th Business Day after the occurrence of the Credit Protection Event.
View Source

Related to Purchase Price of Debts

  • Purchase Price The Purchase Price for the Mortgage Loans in a Mortgage Loan Package shall be equal to the sum of (a) the percentage of par as stated in the related Purchase Price and Terms Letter (subject to adjustment as provided therein), multiplied by the aggregate Scheduled Principal Balance of Mortgage Loans as of the related Cut-off Date listed on the related Mortgage Loan Schedule plus (b) accrued interest on the aggregate Scheduled Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Loan Remittance Rate of such Mortgage Loans from and including the related Cut-off Date to but not including such Closing Date (the "Purchase Price"). If so provided in the related Purchase Price and Terms Letter, portions of each Mortgage Loan Package shall be priced separately. The Purchase Price as set forth in the preceding paragraph for the Mortgage Loans in a Mortgage Loan Package shall be paid on the related Closing Date by wire transfer of immediately available funds. With respect to each Mortgage Loan, the Purchaser shall be entitled to (1) the principal portion of all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected on or after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans at the related Mortgage Loan Remittance Rate (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The Scheduled Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the related Cut-off Date shall not be applied to the principal balance as of the related Cut-off Date. Such Monthly Payments shall be the property of the Purchaser. The Seller shall deposit any such Monthly Payments into the Custodial Account.

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Purchase Price Payments (a) On each Payment Date, on the terms and subject to the conditions of this Agreement, the Initial Purchaser shall pay to KBK the Purchase Price for the Receivables and Related Assets to be purchased on such day by (i) making a cash payment to or at the direction of KBK to the extent that the Initial Purchaser has cash available to make such payment pursuant to SECTION 3.3, and (ii) automatically increasing the principal amount outstanding under the Purchaser Note issued to KBK by the amount of the excess, if any, of the Purchase Price to be paid to KBK for such Receivables and Related Assets OVER the amount of any payment made on such day pursuant to CLAUSE (I) next above. (b) On each Payment Date, the Initial Purchaser shall reduce the Purchase Price payable to KBK for the Receivables and Related Assets that the Initial Purchaser is to purchase on such day by an amount (the "PURCHASE PRICE ADJUSTMENTS") equal to the difference between (i) the sum of (A) the Dilution Adjustment (as defined in SECTION 3.5(B)), if any, for the immediately preceding Business Day, PLUS (B) the Noncomplying Receivables Adjustment (as defined in SECTION 3.5(A)), if any, for the immediately preceding Business Day, MINUS (ii) the amount of any payments that the Initial Purchaser shall have received on the immediately preceding Business Day on account of Collections due with respect to Noncomplying Receivables that have been included in an Purchase Price Adjustment previously deducted or paid in accordance with this SECTION 3.1. (c) If the Purchase Price Adjustments on any Payment Date exceed the Purchase Price payable by the Initial Purchaser to KBK on such day, then the principal amount of the Purchaser Note shall be automatically reduced by the amount of such excess; PROVIDED, that if the Purchaser Note has been reduced to zero, then KBK shall pay to the Initial Purchaser in cash the amount of such Purchase Price Adjustments on the next succeeding Business Day; and PROVIDED FURTHER, HOWEVER, that at any time (y) when a Liquidation Event or Unmatured Liquidation Event exists or (z) on or after the Purchase Termination Date, the amount of any such credit shall be paid by KBK to the Initial Purchaser by deposit in immediately available funds into the Collection Account for application by Servicer to the same extent as if Collections of the applicable Receivable in such amount had actually been received on such date.

  • Purchase Price and Payment The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.