Purchase Price Payments Sample Clauses
The Purchase Price Payments clause defines the terms and schedule for how the buyer will pay the agreed-upon price to the seller in a transaction. Typically, this clause outlines whether the payment will be made in a lump sum or in installments, specifies due dates, and may address acceptable payment methods such as wire transfer or check. Its core function is to ensure both parties have a clear understanding of when and how payments will be made, thereby reducing the risk of disputes and ensuring smooth completion of the transaction.
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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 Payments. 23 Section 10.02. The Purchaser Note ..................................... 23 ARTICLE XI Confidentiality ................................................ 24 ARTICLE XII Term .......................................................... 24
Purchase Price Payments. Seller agrees to sell the Goods to Buyer for {{total}}. Seller will provide an invoice to Buyer at the time of delivery. All invoices must be paid, in full, within thirty (30) days. Any balances not paid within thirty (30) days will be subject to a five percent (5%) late payment penalty.
Purchase Price Payments. On the Business Day following each day other than the Closing Date on which any Mortgage Loans are purchased from the Seller by the Purchaser pursuant to Article II hereof or Additional Balances relating to Mortgage Loans are funded by the Seller, on the terms and subject to the conditions of this Agreement, the Purchaser shall pay to the Seller the applicable Purchase Price by (i) making or causing to be made a cash payment to the Seller or its designee in such amount determined by the Purchaser, (ii) crediting the Seller with an additional capital contribution to the Purchaser, (iii) automatically increasing the principal amount outstanding under the Purchaser Note by the amount of the excess of the Purchase Price to be paid to the Seller for such purchased assets over the amount of any cash payment made on such day to the Seller and/or any capital contribution made by the Seller to the Purchaser, subject to a cap on such note at any time equal to $30 million or (iv) any combination of the foregoing.
Purchase Price Payments. For each Lot, the Purchase Price shall be the sum of the “Initial Purchase Price” of: (i) Twenty Thousand and 00/100 Dollars ($20,000.00) per Townhome Lot, and (ii) Twenty-Nine Thousand and 00/100 Dollars ($29,000.00) per SFD 45’ Lot, paid by Purchaser to Seller by wire transfer or other immediately available and collectible funds (“Good Funds”), and the “Deferred Purchase Price” of (A) Forty Thousand and 00/100 Dollars ($40,000.00) per Townhome Lot, and (B) Fifty-Eight Thousand and 00/100 Dollars ($58,000.00) per SFD 45’ Lot, paid by Purchaser to Seller in Good Funds, for a total of (1) Sixty Thousand and 00/100 Dollars ($60,000.00) per Townhome Lot and (2) Eighty-Seven Thousand and 00/100 Dollars ($87,000.00) per SFD 45’ Lot (subject to adjustment as hereinafter provided in Section 2(b) of this Contract). As more particularly described in Section 5(c)(iv), below, the Deferred Purchase Price for the Lots acquired by Purchaser at the First Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the First Closing, the Deferred Purchase Price for the Lots acquired by Purchaser at the Second Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the Second Closing, the Deferred Purchase Price for the Lots acquired by Purchaser at the Third Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the Third Closing, and the Deferred Purchase Price for the Lots acquired by Purchaser at the Fourth Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the Fourth Closing.
Purchase Price Payments. 5 3.2 The Purchaser Notes......................................... 6 3.3 Application of Collections and Other Funds.................. 6 3.4 Servicing of Receivables and Related Assets................. 7 3.5
Purchase Price Payments. Lessee acknowledges that it has signed and received a copy of the Supplier Agreement. If Lessee is required to make payments to Supplier under the Supplier Agreement prior to the Commencement Date ("Purchase Price Payments"), Lessee requests Lessor to pay such payments subject to the following terms and conditions. The Price will be increased by adding a price adjustment for each Purchase Price Payment. Each such price adjustment shall be computed by multiplying the Purchase Price Payment paid by Lessor to Supplier by a rate equal to the "Base Lending Rate" from time to time designated by Citibank N.A., NY, NY in effect on the date Lessor makes the first Purchase Price Payment plus two and one-half percent, divided by 360, and multiplied by the actual number of days elapsed from the date of the Purchase Price Payment to the Commencement Date or, if the Lease does not commence, to the date Lessee refunds the Purchase Price Payments to Lessor in accordance with Section 3. In no event will all or any price adjustment(s) exceed any limits imposed by applicable law. The periodic Rent shall be increased as a result of adding to the Price of the System an amount equal to the total price adjustment(s).
Purchase Price Payments. (a) The purchase price for each Contract shall be the amount set forth on Addendum II to the ▇▇▇▇ of Sale with respect to such Contract (the "Purchase Price"). Upon satisfaction of the conditions in Section 2.4 and Section 2.5 hereof with respect to each Contract, Purchaser shall pay the Purchase Price for such Contract to Seller.
(b) For each Contract purchased by Purchaser, Purchaser shall be entitled to all payments on such Contract received on and after the related Cut-Off Date, including accrued interest. In addition, all payments on each Contract received by Seller prior to the related Cut-Off Date which (i) have not been applied to the amount due on such Contract as of the related Cut-Off Date, and (ii) were not utilized to calculate the unpaid principal balance of such Contract, shall be the property of Purchaser and forwarded to Purchaser by Seller on the Closing Date, or promptly thereafter when received by Seller.
Purchase Price Payments. The Seller agrees to sell the Goods to the Buyer. The Seller will provide an invoice to the Buyer at the time of delivery. All invoices must be paid, in full, before the delivery of the products.
Purchase Price Payments. In consideration of the sale of the Interests pursuant to Section (i), Purchaser agrees to pay Seller at the Closing the aggregate amount of THREE MILLION FOUR HUNDRED THOUSAND DOLLARS ($3,400,000.00) (the “Purchase Price”).