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.
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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 at least equal to $ 2,000,000.$10,000,000;
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Samples: Purchase and Sale Agreement (Church & Dwight Co Inc /De/)
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$3,000,000.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)
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$5,000,000.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)