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 Participant agrees to pay to the Originator the Purchase Price in cash for the purchase to be made from the Originator on the Effective Date.

Initial Purchase Price Payment. On the terms and subject to the conditions set forth in this Agreement, the Participant Buyer agrees to pay to the each Originator the Purchase Price in cash for the purchase of Receivables and Related Rights to be made from the such Originator on the Effective DateInitial Funding Date in either cash or an intercompany credit for such Originator in the books and records of such Originator and the Buyer, at the election of the Buyer (in an amount to be agreed between the Buyer and such Originator and set forth in the initial Purchase Report).