Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date, UGI shall, and hereby does, irrevocably and absolutely contribute to the capital of the Company Receivables and Related Rights consisting of each Receivable of UGI that existed and was owing to UGI on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be not less than $4,000,000. Notwithstanding anything in this Agreement to the contrary, UGI shall not be prevented from contributing Receivables to the Company from time to time. Contributions made in connection with the immediately preceding sentence (i) shall have no effect on the aggregate Purchase Price of any Receivables sold by UGI to the Company on the date of such contribution and (ii) shall not affect the aggregate outstanding balance of any Company Note.
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date the Originator shall, and hereby does, contribute to the capital of the Company Receivables and Related Rights with respect thereto consisting of each Receivable of the Originator that existed and was owing to the Originator on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be equal to $ 2,000,000.
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Original Closing Date, CB contributed to the capital of the Company, Contributed Receivables having an aggregate principal amount at least equal to $4,325,682, together with the associated Related Rights, and the Company accepted such contribution.
Contribution of Receivables and Initial Purchase Price Payment. On the Closing Date, each Originator shall, and hereby does, irrevocably and absolutely contribute to the capital of the Company Receivables and Related Rights with respect thereto consisting of each Receivable of CSS that existed and was owing to CSS on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be not less than the greater of (a) $1,000,000 and (b) 10% of (after giving effect to all purchases and contributions on the Closing Date) the Net Receivables Pool Balance (provided that no Receivables shall be contributed in part, but only in their entirety).
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date, KSI shall, and hereby does, irrevocably and absolutely contribute to the capital of the Company Receivables and Related Rights consisting of each Receivable of KSI that existed and was owing to KSI on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be not less than $6,000,000 (provided that no Receivables shall be contributed in part, but only in their entirety).
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date, FleetCor shall, and hereby does, contribute to the capital of the Company, either or a combination of (i) Receivables and Related Rights consisting of each Receivable of FleetCor that existed and was owing to FleetCor on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter and/or (ii) cash or other assets, in either case, such that the aggregate outstanding balance of all equity held by FleetCor in the Company, after giving effect to such contribution, shall be equal to $6,000,000.
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date, Xxxxxx shall, and hereby does, contribute to the capital of the Company, Receivables and Related Rights consisting of each Receivable of Xxxxxx that existed and was owing to Xxxxxx on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be equal to $10,000,000. (b) On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Closing Date partially in cash (in an amount to be agreed between the Company and such Originator and set forth in the initial Purchase Report) and partially by issuing a promissory note in the form of Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (each such promissory note, as it may be amended, supplemented, endorsed or otherwise modified from time to time, together with all promissory notes issued from time to time in substitution therefor or renewal thereof in accordance with the Transaction Documents, each being herein called a “Company Note”). SECTION 3.2
Contribution of Receivables and Initial Purchase Price Payment. (a) On the Closing Date, Cxxxxx shall, and hereby does, contribute to the capital of the Company, Receivables and Related Rights consisting of each Receivable of Cxxxxx that existed and was owing to Cxxxxx on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be equal to $10,000,000.
Contribution of Receivables and Initial Purchase Price Payment. (a) On -------------------------------------------------------------- the Closing Date KCI shall, and hereby does, contribute to the capital of the Company Receivables and Related Rights with respect thereto consisting of each Receivable of KCI that existed and was owing to KCI on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be equal to $14,000,000.
Contribution of Receivables and Initial Purchase Price Payment. On the Closing Date, Xxxxxxxxx shall, and hereby does, irrevocably and absolutely contribute to the capital of the Company Receivables and Related Rights consisting of each Receivable of Xxxxxxxxx that existed and was owing to Xxxxxxxxx on the Closing Date beginning with the oldest of such Receivables and continuing chronologically thereafter such that the aggregate Outstanding Balance of all such Contributed Receivables shall be not less than $8,000,000. Notwithstanding anything in this Agreement to the contrary, Xxxxxxxxx shall not be prevented from contributing Receivables to the Company from time to time; provided, however that Xxxxxxxxx shall provide the Administrator with prior written notice of the date and amount of each such contribution. Contributions made in connection with the immediately preceding sentence (i) shall have no effect on the aggregate Purchase Price of any Receivables sold by Xxxxxxxxx to the Company on the date of such contribution and (ii) shall not affect the aggregate outstanding balance of any Company Note. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to the Originator the Purchase Price for the purchase to be made from the Originator on the Closing Date partially in cash (in an amount to be agreed between the Company and the Originator and set forth in the initial Purchase Report) and partially by issuing a promissory note in the form of Exhibit B to the Originator with an initial principal balance equal to the remaining Purchase Price (each such promissory note, as it may be amended, supplemented, endorsed or otherwise modified from time to time, together with all promissory notes issued from time to time in substitution therefor or renewal thereof in accordance with the Transaction Documents, each being herein called a "Company Note").
