Common use of Initial Purchase Price Payment Clause in Contracts

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Date in accordance with Section 2.2(a)(i) and (ii): (i) to the extent the Buyer has cash available therefor (and such payment is not prohibited by the RLSA), in cash (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report); and (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) to such Originator (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, an “RPSA Subordinated Note”) with an initial principal amount equal to that remainder.

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Initial Purchase Date in accordance with Section 2.2(a)(i) and (ii): (i) to the extent the Buyer has cash available therefor (and such payment is not prohibited by the RLSAReceivables Financing Agreement), partially in cash (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report); ) and (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) B to such Originator (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 thereofthereof in accordance with the Transaction Documents, an each being herein called a “RPSA Subordinated Note”) with an initial principal amount equal to that remainderthe remaining Purchase Price payable to such Originator not paid in cash.

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Date in accordance with Section 2.2(a)(i) and (ii): (i) to the extent the Buyer has cash available therefor (and such payment is not prohibited by the RLSA)therefor, partially in cash (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report); ) and (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) B to such Originator (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 thereofthereof in accordance with the Transaction Documents, an each being herein called a “RPSA Subordinated Note”) with an initial principal amount equal to that remainderthe remaining Purchase Price payable to such Originator not paid in cash.

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Date in accordance with Section 2.2(a)(i) and (ii): (i) partially in cash (to the extent the Buyer has cash available therefor (from the sale of Receivables to Borrower and such payment is not prohibited by the RLSA), in cash (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report); ) and (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) C to such Originator (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 thereofthereof in accordance with the Transaction Documents, an each being herein called a “RPSA Subordinated Demand Note”) with an initial principal amount balance equal to that remainderthe remaining Purchase Price payable to such Originator not paid in cash.

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Date in accordance with Section 2.2(a)(i) and (ii): (i) to the extent the Buyer has cash available therefor (and such payment is not prohibited by the RLSAReceivables Financing Agreement), partially in cash (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report); ) and (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) B to such Originator (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 thereofthereof in accordance with the Transaction Documents, an each being herein called a “RPSA Subordinated Note”) with an initial principal amount equal to that remainderthe remaining Purchase Price payable to such Originator not paid in cash.

Initial Purchase Price Payment. (a) On the terms and subject to the conditions set forth in this Agreement, the Buyer Company agrees to pay to each Originator the Purchase Price for the purchase to be made from such Originator on the Original Closing Initial Funding Date in accordance with Section 2.2(a)(i) and (ii): (i) to the extent the Buyer Company has cash available therefor (and such payment is not prohibited by the RLSA)thereof, partially in cash (in an amount to be agreed between the Buyer Company and such Originator and set forth in the initial Purchase Report); and , (ii) the remainder by issuing a subordinated promissory note (in the form of Exhibit A or as issued to such Originator on the Original Closing Date in the form of Exhibit A to the Existing Agreement) B to such Originator (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 thereofthereof in accordance with the Transaction Documents, an each being herein called a “RPSA Subordinated Note”) with an initial principal amount equal to that remainderthe remaining Purchase Price payable to such Originator not paid in cash or contributed to the Company’s capital, and (iii) in the case of the Contributing Originator, at the Contributing Originator’s election, by accepting a contribution to its capital.