Common use of Consideration and Payment for the Subsequent Purchased Assets Clause in Contracts

Consideration and Payment for the Subsequent Purchased Assets. The purchase price for the sale of the Subsequent Purchased Assets sold to XXXX on each Funding Date shall equal the estimated fair market value of the related Subsequent Purchased Assets on such Funding Date. Such purchase price shall be paid in cash to the Bank in an amount agreed to between the Bank and XXXX, and, 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 Subsequent Transferred Assets that increases its equity interest in XXXX in an amount equal to the excess of the estimated fair market value of the Subsequent Transferred Assets over the amount of cash paid by XXXX to the Bank.]

Appears in 4 contracts

Samples: Purchase Agreement (Capital One Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!