Payment of Purchase Price by Lessor; Certain Additional Payments to the Servicer Sample Clauses

Payment of Purchase Price by Lessor; Certain Additional Payments to the Servicer. (a) Refinanced Vehicles and Eligible Receivables on Lease Commencement Date. With respect to the Refinanced Vehicles being refinanced on the Lease Commencement Date, subject to satisfaction of the requirements of Section 4, the Lessor shall, on the Lease Commencement Date, pay to the party specified in the Payoff Letter an amount equal to the sum of (x) the aggregate Net Book Value as of the Lease Commencement Date of the Refinanced Vehicles which are designated in the Payoff Letter as being refinanced hereunder on the Lease Commencement Date and (y) the face amount of the Eligible Receivables being refinanced hereunder on the Lease Commencement Date.
Sample 1
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Payment of Purchase Price by Lessor; Certain Additional Payments to the Servicer. (a) Upon receipt of the Manufacturer's invoice, certificate of origin, and other information required in respect of any Vehicle pursuant to Section 2.1, which receipt shall occur no later than 4:00 p.m., New York City time, on a day that is not less than one, nor more than five, Business Days prior to the proposed Vehicle Funding Date for such Vehicle, the Lessor or its agent shall, subject to Section 4, pay or cause to be paid to the dealer or the related Manufacturer in accordance with such Manufacturer's payment terms, as applicable, the Capitalized Cost of such Vehicle under the applicable Repurchase Program and the Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Vehicle to the extent that the same have not been included within the Capitalized Cost.
Sample 1
Payment of Purchase Price by Lessor; Certain Additional Payments to the Servicer. (a) Refinanced Vehicles and Eligible Receivables on Lease Commencement Date. With respect to the Refinanced Vehicles of National, Alamo, Value and Spirit being refinanced on the Lease Commencement Date, subject to satisfaction of the requirements of Section 4, the Lessor shall, on the Lease Commencement Date, (i) pay to the party specified in the National Payoff Letter an amount equal to (x) the aggregate Net Book Value as of the LeaseCommencement Date of the Refinanced Vehicles with respect to which National is the Lessee and (y) the face amount of the Eligible Receivables being refinanced by National on the Lease Commencement Date, (ii) pay to the party specified in the Alamo Payoff Letter an amount equal to (x) the aggregate Net Book Value as of the Lease Commencement Date of the portion of the Refinanced Vehicles with respect to which Alamo is the Lessee and (y) the face amount of the Eligible Receivables being refinanced by Alamo on the Lease Commencement Date, (iii) pay to the party specified in the Value Payoff Letter an amount equal to (x) the aggregate Net Book Value as of the Lease Commencement Date of the portion of the Refinanced Vehicles with respect to which Value is the Lessee and (y) the face amount of the Eligible Receivables being refinanced by Value on the Lease Commencement Date and (iv) pay to the party specified in the Spirit Payoff Letter an amount equal to (x) the aggregate Net Book Value as of the Lease Commencement Date of the portion of the Refinanced Vehicles with respect to which Spirit is the Lessee and (y) the face amount of the Eligible Receivables being refinanced by Spirit on the Lease Commencement Date.
Sample 1

Related to Payment of Purchase Price by Lessor; Certain Additional Payments to the Servicer

  • Payment of Purchase Price for the Mortgage Loans (a) In consideration of the sale of the Initial Mortgage Loans from each of the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the applicable Seller on the Closing Date the purchase price for the applicable Initial Mortgage Loans provided in the Adoption Annex attached as Annex 1 to this Agreement (the "Adoption Annex").

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Certain Additional Payments In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

  • Payments to the Transferor The Servicer shall on each Deposit Date withdraw from the Collection Account and pay to the Holders of the Transferor Certificates the following amounts:

  • SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE Section 2.01. Sale of the Mortgage Loans.......................................................4 Section 2.02. Obligations of Seller Upon Sale..................................................4 Section 2.03. Payment of Purchase Price for the Mortgage Loans.................................7

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Servicing Compensation; Payment of Certain Expenses by Master Servicer The Master Servicer may retain the Servicing Fee pursuant to Section 3.02 as compensation for its services in servicing the Mortgage Loans. Moreover, additional servicing compensation in the form of late payment charges or other receipts not required to be deposited in the Collection Account (other than Foreclosure Profits) shall be retained by the Master Servicer. The Master Servicer must pay all expenses incurred by it in connection with its activities under this Agreement (including payment of all other fees and expenses not expressly stated under this Agreement to be for the account of another person) and shall not be entitled to reimbursement under this Agreement except as specifically provided in this Agreement. Liquidation Expenses are reimbursable to the Master Servicer FIRST, from related Liquidation Proceeds and SECOND, from the Payment Account from funds attributable to the related Loan Group pursuant to Section 8.03(a)(x) of the Indenture.

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • AMOUNT AND PAYMENT OF PURCHASE PRICE The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.

  • Adjustments to the Purchase Price The Purchase Price shall be adjusted as of the Closing Date by:

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