Common use of Initial Purchase Price Payment Clause in Contracts

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to Originator the Purchase Price for the purchase of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser on the Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT B to Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTE").

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Pilgrims Pride Corp), Purchase and Contribution Agreement (Warren S D Co /Pa/)

AutoNDA by SimpleDocs

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser from such Originator on the Closing Date under partially in cash (in an amount to be agreed between the Receivables Company and such Originator and set forth in the initial Purchase Agreement, Report) and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as each such promissory note note, as it may be amended, supplemented, indorsed 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 the a "COMPANY NOTECompany Note").

Appears in 2 contracts

Samples: Purchase and Sale Agreement (York International Corp /De/), Purchase and Sale Agreement (Worthington Industries Inc)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser from such Originator on the Closing Date under partially in cash (in an amount to be agreed between the Receivables Company and such Originator and set forth in the initial Purchase Agreement, Report) and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as each such promissory note note, as it may be amended, supplemented, indorsed 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 Purchase Documents, being herein called the a "COMPANY NOTECompany Note").

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Commercial Metals Co), Purchase and Sale Agreement (Commercial Metals Co)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser from such Originator on the Closing Date under partially in cash (in an amount to be agreed between the Receivables Company and such Originator and set forth in the initial Purchase Agreement, Report) and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as each such promissory note note, as it may be amended, supplemented, indorsed 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 the "COMPANY NOTE"a “Company Note”).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Worthington Industries Inc), Purchase and Sale Agreement (Fleetcor Technologies Inc)

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to Originator the Purchase Price for the purchase of Pool Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser on the Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT B to Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTE").

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Vanstar Corp)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in an amount agreed to by the amount Company and such Originator, in the case of IMO partially in consideration of all of the proceeds membership interest of the Purchase made by the Purchaser on the Closing Date under the Receivables Purchase AgreementCompany, and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the each a "COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Imo Industries Inc)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase purchase made by the Purchaser Issuer on the Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the ("COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sequa Corp /De/)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase Loan made by the Purchaser Lender on the Closing Date under the Receivables Purchase Loan and Servicing Agreement, 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 (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTE").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Allete)

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees agreed to pay to the Originator the Purchase Price for the purchase of Receivables to be made on the Original Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser Purchasers on the Original Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to the Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa Inc)

AutoNDA by SimpleDocs

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser from such Originator on the Closing Date under partially in cash (in an amount to be agreed between the Receivables Company and such Originator and set forth in the initial Purchase Agreement, Report) and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to such Originator with an initial principal balance equal to the remaining Purchase Price (as each such promissory note note, as it may be amended, supplemented, indorsed 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, being herein called the a "COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Brands Corp)

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to Originator the Seller the Purchase Price for the purchase of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase purchases made by the Purchaser Issuers on the Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to Originator the Seller with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTE").the

Appears in 1 contract

Samples: Purchase and Sale Agreement (Warnaco Group Inc /De/)

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to Originator the Purchase Price for the purchase of Receivables to be made on the Closing Effective Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser on the Closing Date from funds borrowed under the Receivables Purchase Secured Credit Agreement, partially by issuing Letters of Credit pursuant to Section 1.6 and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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 Loan Documents, being herein called the "COMPANY NOTEBorrower Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prosource Inc)

Initial Purchase Price Payment. 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 of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser on the Closing Date under the Receivables Purchase Agreement, and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to the Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note may be amended, supplemented, indorsed 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, being herein called the "COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Minnesota Power & Light Co)

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Company agrees to pay to Originator the Purchase Price for the purchase of Receivables to be made on the Closing Date, partially in cash in the amount of the proceeds of the Purchase made by the Purchaser from Originator on the Closing Date under partially in cash (in an amount to be agreed between the Receivables Company and Originator and set forth in the initial Purchase Agreement, Report) and partially by issuing a promissory note in the form of EXHIBIT Exhibit B to Originator with an initial principal balance equal to the remaining Purchase Price (as such promissory note note, as it may be amended, supplemented, indorsed or otherwise modified from time to time, together with all any promissory notes note issued from time to time in substitution therefor or renewal thereof in accordance with the Transaction Documentsthis Agreement, being herein called the "COMPANY NOTECompany Note").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

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