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

Consideration and Payment for the Subsequent Purchased Assets. In consideration of the sale of the Subsequent Purchased Assets sold to the Purchaser on each Funding Date, the Purchaser shall pay to Santander Consumer on such date an amount equal to the estimated fair market value of the related Subsequent Purchased Assets on such Funding Date. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Subsequent Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of such Subsequent Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

Consideration and Payment for the Subsequent Purchased Assets. In consideration of the sale of the Subsequent Purchased Assets sold to the Purchaser on each Funding Date, the Purchaser shall pay to Santander Consumer on such date an amount equal to the estimated fair market value of the related Subsequent Purchased Assets on such Funding Date. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Subsequent Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of such the Subsequent Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.