Consideration and Payment for the Purchased Assets. The purchase price for the sale of the Purchased Assets sold to XXXX on the Closing Date shall equal the estimated fair market value of the Purchased Assets on the Closing Date. Such purchase price shall be paid (a) in cash to the Bank in an amount agreed to between the Bank and XXXX, (b) by delivery to or upon the order of CONA, the 144A Notes and, (c) to the extent not paid in cash by XXXX, shall be paid by a capital contribution by the Bank of an undivided interest in such Purchased Assets that increases its equity interest in XXXX in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by XXXX to the Bank and the value of the 144A Notes.
Appears in 13 contracts
Samples: Purchase Agreement (Capital One Prime Auto Receivables Trust 2022-2), Purchase Agreement (Capital One Prime Auto Receivables Trust 2023-2), Purchase Agreement (Capital One Prime Auto Receivables Trust 2023-2)