Payment of Purchase Price etc. Subject to satisfaction of the relevant conditions referred to in clauses 3.1, 3.2 and 3.3 and to the satisfaction of the conditions set out in clause 3.11, in each case at the time then due or agreed to be due, the Lessor agrees:
Payment of Purchase Price etc. As of the Effective Date:
Payment of Purchase Price etc. At the Closing, (i) the Buyer Parties shall have caused the delivery of the Purchase Price, (ii) Canadian Buyer shall have assumed the Assumed Liabilities as provided in Section 2.3 and (iii) without duplication of clause (i) above, the Buyer Parties shall have made (or caused to be made) all of the payments referred to in Section 2.4(b).
Payment of Purchase Price etc. The purchase price shall be paid on closing by negotiable cheque certified by a Canadian chartered bank or trust company or official bank draft drawn on a Canadian chartered bank against receipt by the purchaser of the share certificate or certificates and other instruments representing the Securities being purchased, duly endorsed for transfer in blank with signatures guaranteed by a Canadian chartered bank or trust company, together with resignations by the vendor and his nominees, if any, as directors, officers and employees of the Corporation and releases in favour of the Corporation of all claims which such directors, officers and employees may have against the Corporation, other than in respect of any accrued and unpaid compensation to the closing date and accrued vacation pay.
Payment of Purchase Price etc. Upon each payment by the Servicer of the Purchase Price for the Receivables to be purchased by the Servicer from the Trust pursuant to subsection (c) above, the Trust shall automatically and without further action be deemed to sell, transfer, assign, set over and otherwise convey to the Servicer, without recourse, representation or warranty, all right, title and interest of the Trust in and to such Receivables, all monies due or to become due with respect thereto and all proceeds thereof and any related Collateral Security. The Trustee shall execute such documents and instruments of transfer or assignment and take such other actions as shall be reasonably requested by the Servicer to 'SS' 3.03 effect the conveyance of any such Receivables pursuant to this Section 3.03. The obligation of the Servicer to purchase such Receivables, and to make the deposits required to be made to the Collection Account as provided in subsection (c) above, shall constitute the sole remedy respecting the event giving rise to such obligation available to the Certificateholders or the Holder of the Variable Funding Certificate (or the Trustee on behalf of the Certificateholders and the Holder of the Variable Funding Certificate).
Payment of Purchase Price etc. Swift Leasing shall have paid the Purchase Price by wire transfer of funds to each Owner or executed the appropriate Lease with an Owner with respect to the Rolling Stock to be acquired pursuant to this Agreement.
Payment of Purchase Price etc. Upon each payment by the ------------------------------ Servicer of the Purchase Price for the Receivables to be purchased by the Servicer from the Trust pursuant to subsection (c) above, the Trust shall automatically and without further action be deemed to sell, transfer, assign, set over and otherwise convey to the Servicer, without recourse, representation or warranty, all right, title and interest of the Trust in and to such Receivables, all monies due or to become due with respect thereto and all proceeds thereof and any related Collateral Security. The Trustee shall execute such documents and
Payment of Purchase Price etc. Upon each payment by the Servicer of the Purchase Price for the Receivables to be purchased from the Trust pursuant to subsection (c) above, the Trust shall automatically and without further action be deemed to sell, transfer, assign, set over and otherwise convey to the Servicer, without recourse, representation or warranty, all the right, title and interest of the Trust in, to and under such Receivables and all monies due or to become due with respect thereto and all proceeds thereof. The Trustee shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by the Servicer to effect the conveyance of any such Receivables pursuant to this Section 3.03. The obligation of the Servicer to purchase such Receivables and to make the deposits required to be made to the Collection Account as provided in subsection (a) above, shall constitute the sole remedy respecting the event giving rise to such obligation available to the Certificateholders (or the Trustee on behalf of the Certificateholders). Section 3.04.
