Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 3 contracts
Samples: Subi Sale Agreement, Subi Sale Agreement (Volkswagen Auto Lease Trust 2012-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2012-A)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the SUBI Sale Agreement (2014-A) Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,487,456,338.17 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Vw Credit Leasing LTD), Subi Sale Agreement (Vw Credit Leasing LTD)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,293,853,322.38 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 [____________] and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Vw Credit Leasing LTD), Subi Sale Agreement (Vw Credit Leasing LTD)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,492,920,931.59 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,438,877,258.26 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease Trust 2015-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2015-A)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 993,970,105.19 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease Trust 2010-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2010-A)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 $ 995,233,460.11 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 993,991,995.80 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease Trust 2011-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2011-A)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,492,942,448.16 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 1,242,563,880.55 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 2 contracts
Samples: Subi Sale Agreement (Volkswagen Auto Lease Trust 2013-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2013-A)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 995,267,413.51 and (ii) if the SUBI Allocation Price exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 1 contract
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 [ ] and (ii) if the SUBI Allocation Price to be paid for the Units exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 1 contract
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Consideration and Payment. In consideration of the transfer of the Transaction SUBI, the Transaction SUBI Certificate and the other property conveyed to the Buyer pursuant to Section 2.1 on the Closing Date, the Buyer shall pay to the Seller on the Closing Date the SUBI Allocation Price with respect thereto by (i) making a cash payment to the Seller in an amount equal to $1,242,484,331.55 [_________] and (ii) if the SUBI Allocation Price to be paid for the Units exceeds the amount of any cash payment for the account of the Seller on such day pursuant to clause (i), such excess shall automatically be considered to have been contributed to the Buyer by the Seller as a capital contribution.
Appears in 1 contract
Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)