Common use of Acquisition of Receivables Clause in Contracts

Acquisition of Receivables. In consideration for the Additional Receivables and the other related VZMT Transferred Property transferred by VZMT, the Depositor will (i) distribute to VZMT the Additional Receivables Cash Transfer Amount for such Additional Receivables on the related Acquisition Date, and (ii) make a distribution to, or at the written direction of, VZMT in an amount equal to the excess, if any, of the Additional Receivables Transfer Amount over the Additional Receivables Cash Transfer Amount for such Additional Receivables, in the form of an increase in the beneficial interest in the Issuer, as evidenced by the portion of the Class A Certificate allocated to VZMT, in proportion to the Additional Receivables transferred by VZMT on such Acquisition Date. VZMT, on the one hand, and the Depositor, on the other hand, represents and warrants to the other that the aggregate amount set forth in clauses (i) and (ii) of the immediately preceding sentence distributed by the Depositor to VZMT on such Acquisition Date will equal the fair market value of the Additional Receivables and the other related VZMT Transferred Property transferred by VZMT to the Depositor on such Acquisition Date.