Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.42, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.48, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2011-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2011-3 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,388,362,239.55, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4893,551,244.20, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2011-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2011-2 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.42930,843,554.59, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.48459,977,029.65, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-2 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,192,760,930.58, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4889,290,909.51, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-1 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.42791,659,273.15, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.48376,793,811.37, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOURFOUR TERMINATION
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,440,688,639.53, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4897,776,621.28, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2013-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2013-4 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,786,733,863.09, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4813,566,188.63, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOURFour
Appears in 1 contract
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2002-2 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,348,642,226.32, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4864,877,505.08, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 1 contract
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2010-1 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,026,884,106.16, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.485,777,048.89, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 1 contract
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2002-4 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.421,789,179,359.18, the net cash proceeds from the public offering by the Purchaser of the Notes and (ii) $110,338,455.4828,646,671.52, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 1 contract
Samples: Receivables Purchase Agreement (American Honda Rec Corp Honda Auto Rec 03 3 Owner Trust)
Payment of Receivables Purchase Price. In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.01, on the Closing Date the Purchaser agrees to pay the Seller an amount equal to the Receivables Purchase Price. The Receivables Purchase Price shall be paid in the form of (i) $1,411,610,617.42853,207,334.04, the net cash proceeds from the public offering by the Purchaser of the Class A-2, Class A-3 and Class A-4 Notes and (ii) $110,338,455.48435,452,459.78, being deemed paid and returned to the Purchaser as a capital contribution. ARTICLE FOUR
Appears in 1 contract
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2010-2 Owner Trust)