Amounts and Terms of the Purchase. Section 1.1 [Reserved].
Amounts and Terms of the Purchase. 2 Section 1.1 Purchase of Receivables.......................................................................2 Section 1.2 Payment for the Purchase......................................................................3 Section 1.3
Amounts and Terms of the Purchase. Section II.1Purchase of the Assigned Continuously Owned RioPrevi Oil Revenues and the Assigned Continuously Owned RioPrevi Oil Revenue Rights .
(a) In consideration of (i) the payment by the Purchaser of a cash purchase price equal to the aggregate net proceeds of the Series 2014-1 Notes (the “Cash Purchase Price”) and each other Series of Securities other than the Series 2014-1 Notes or the Series 2014-2 Notes (each other such payment of a cash purchase price, an “Additional Payment”) and (ii) the issuance and delivery by the Purchaser of Sponsor Notes, initially to be held by the Sponsor, on the terms and subject to the conditions set forth herein and the Xxxx of Sale, the Sponsor pursuant to the Xxxx of Sale sells, assigns, transfers, sets-over and otherwise conveys to the Purchaser on the Closing Date, without recourse (except to the extent expressly provided herein or in the Xxxx of Sale), and the Purchaser hereby purchases from the Sponsor on the Closing Date, all of the Sponsor’s right, title, interests and benefits in, to and under all of the related Assigned Continuously Owned RioPrevi Oil Revenues and the related Assigned Continuously Owned RioPrevi Oil Revenue Rights. Such purchase and sale is effected by the Xxxx of Sale as of the Closing Date. The Cash Purchase Price and each Additional Payment are a prepayment against the current and future delivery of the Assigned Oil Revenues and the Assigned Oil Revenue Rights that are assigned, transferred, sold and conveyed hereby.
(b) It is the intention of the parties hereto that the purchase of the Assigned Continuously Owned RioPrevi Oil Revenues and the related Assigned Continuously Owned RioPrevi Oil Revenue Rights from the Sponsor pursuant to this Section 2.1 shall constitute a sale as of the Closing Date, which sale is absolute and irrevocable and provides the Purchaser with the full benefits of title and ownership of such Assigned Continuously Owned RioPrevi Oil Revenues and the related Assigned Continuously Owned RioPrevi Oil Revenue Rights. The sale of Assigned Continuously Owned RioPrevi Oil Revenues and the related Assigned Continuously Owned RioPrevi Oil Revenue Rights hereunder by the Sponsor is made without recourse (except to the extent expressly provided herein) to the Sponsor; provided, however, that (i) the Sponsor shall be liable to the Purchaser for all representations, warranties, covenants and indemnities made by the Sponsor pursuant to the terms of the Transaction Documents to wh...
Amounts and Terms of the Purchase. Section 1.1. Purchase of Receivables 1 Section 1.2. Payment for the Receivables 2 Section 1.3. Purchase Price Credit Adjustments 4 Section 1.4. Payments and Computations, Etc 4 Section 1.5. Transfer of Records 4 Section 1.6. Characterization 5
Amounts and Terms of the Purchase. 2 Section 1.1 Initial Dividend and Contribution of Receivables2
Amounts and Terms of the Purchase. [Reserved].
Amounts and Terms of the Purchase. Section 1.1 Initial Contribution of Receivables. On the date hereof, Parent does hereby contribute, assign, transfer, set-over and otherwise convey to Buyer, and Buyer does hereby accept from Parent, Receivables originated by Parent and existing as of the close of business on the Business Day immediately prior to the date hereof (the "INITIAL CUTOFF DATE") having an aggregate Outstanding Balance of $39,651,962 (the "INITIAL CONTRIBUTED RECEIVABLES"), together with all Related Security relating thereto and all Collections thereof.
Amounts and Terms of the Purchase. 1.1 Purchase of Receivables 2 1.2 Payment for the Purchase 3
1.3 Purchase Price Credit Adjustments 4
1.4 Payments and Computations, Etc. 5 1.5 Transfer of Records 5 1.6 Characterization 5
Amounts and Terms of the Purchase. 23 SECTION 2.01. Facility .............................................23 SECTION 2.02. Making Purchases .....................................23 SECTION 2.03. Transfers of Interests in Purchased Assets............24 SECTION 2.04. Termination or Reduction of the Purchase Limit........24 SECTION 2.05.
Amounts and Terms of the Purchase. Section 1.1 Initial Contribution of Receivables; Specified Originator.
(a) On the date hereof, Parent does hereby contribute, assign, transfer, set-over and otherwise convey to Buyer, and Buyer does hereby accept from Parent, Receivables Originated By Parent and existing as of the close of business on the Business Day immediately prior to the date hereof (the "INITIAL CUTOFF DATE") having an aggregate Outstanding Balance of $8,000,000 (the "INITIAL CONTRIBUTED RECEIVABLES"), together with all Related Security relating thereto and all Collections thereof.
(b) For purposes hereof, certain Originators may be designated by Parent as "Specified Originators." Each Specified Originator will convey Receivables Originated By it to Parent, rather than conveying such Receivables directly to Buyer. Parent, in turn, will convey such Receivables to Buyer as provided herein. Midwest will be the initial Specified Originator. Parent may designate additional Originators (other than Parent) as Specified Originators upon not less than 10 days' prior written notice to Buyer and the Agent, provided that (before giving effect to such designation) such Originator shall have (i) assumed in writing the obligations of a Specified Originator hereunder, in a form satisfactory to Buyer and the Agent, and (ii) executed and filed all financing statements, instruments and other documents reasonably necessary to perfect the interests of Parent (and of Buyer and the Agent, as assignees of Parent) in the Receivables Originated By such Originator and the associated Related Security (except for Excluded Items) and Collections.
