Common use of Initial Receivables Purchase Price Clause in Contracts

Initial Receivables Purchase Price. In consideration for the Initial Receivables, the other property described in Section 2.1(a) and delivery of the Yield Supplement Agreement, the Purchaser shall, on or prior to the Closing Date, pay to or upon the order of the Seller the Initial Receivables Purchase Price. An amount equal to $[ ] of the Initial Receivables Purchase Price shall be paid to the Seller in cash. The remainder of the Initial Receivables Purchase Price shall be paid by crediting the Seller with a contribution to the capital of the Purchaser. The portion of the Initial Receivables Purchase Price to be paid in cash shall be by federal wire transfer (same day) funds.

Appears in 3 contracts

Samples: Purchase Agreement (Mmca Auto Owner Trust 2000-2), Purchase Agreement (Mmca Auto Receivables Inc), Purchase Agreement (Mmca Auto Receivables Trust)

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Initial Receivables Purchase Price. In consideration for the Initial Receivables, the other property described in Section 2.1(a) and delivery of the Yield Supplement Agreement, the Purchaser shall, on or prior to the Closing Date, pay to or upon the order of the Seller the Initial Receivables Purchase Price. An amount equal to $[ ] 287,294,634 of the Initial Receivables Purchase Price shall be paid to the Seller in cash. The remainder of the Initial Receivables Purchase Price shall be paid by crediting the Seller with a contribution to the capital of the Purchaser. The portion of the Initial Receivables Purchase Price to be paid in cash shall be by federal wire transfer (same day) funds.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Inc)

Initial Receivables Purchase Price. In consideration for the Initial Receivables, the other property described in Section 2.1(a) and delivery of the Yield Supplement Agreement, the Purchaser shall, on or prior to the Closing Date, pay to or upon the order of the Seller the Initial Receivables Purchase Price. An amount equal to $[ ] __________ of the Initial Receivables Purchase Price shall be paid to the Seller in cash. The remainder of the Initial Receivables Purchase Price shall be paid by crediting the Seller with a contribution to the capital of the Purchaser. The portion of the Initial Receivables Purchase Price to be paid in cash shall be by federal wire transfer (same day) funds.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Trust)

Initial Receivables Purchase Price. In consideration for the Initial Receivables, the other property described in Section 2.1(a) and delivery of the Yield Supplement Agreement, the Purchaser shall, on or prior to the Closing Date, pay to or upon the order of the Seller the Initial Receivables Purchase Price. An amount equal to $[ [______________] of the Initial Receivables Purchase Price shall be paid to the Seller in cash. The remainder of the Initial Receivables Purchase Price shall be paid by crediting the Seller with a contribution to the capital of the Purchaser. The portion of the Initial Receivables Purchase Price to be paid in cash shall be by federal wire transfer (same day) funds.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Trust)

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Initial Receivables Purchase Price. In consideration for the Initial Receivables, the other property described in Section 2.1(a) and delivery of the Yield Supplement Agreement, the Purchaser shall, on or prior to the Closing Date, pay to or upon the order of the Seller the Initial Receivables Purchase Price. An amount equal to $[ ] 487,805,165.86 of the Initial Receivables Purchase Price shall be paid to the Seller in cash. The remainder of the Initial Receivables Purchase Price shall be paid by crediting the Seller with a contribution to the capital of the Purchaser. The portion of the Initial Receivables Purchase Price to be paid in cash shall be by federal wire transfer (same day) funds.

Appears in 1 contract

Samples: Purchase Agreement (Mmca Auto Receivables Trust)

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