Payment of Sale Price. (i) In consideration for each Sale of Sold Receivables hereunder, Buyer shall pay to the Originator thereof on the Transfer Date therefor the applicable Sale Price therefor in Dollars in immediately available funds. All cash payments by Buyer under this Section 2.01(c)(i) shall be effected by means of a wire transfer on the day when due to such account or accounts as the Originators may designate from time to time.
(ii) To the extent that the Sale Price of Sold Receivables exceeds the amount of cash then available to Buyer, the applicable Originator hereby agrees to make a subordinated loan (each, a “Subordinated Loan”) to Buyer in an amount not to exceed the lesser of (i) the amount of such excess in satisfaction of the equivalent portion of the Sale Price not paid in cash and (ii) the maximum Subordinated Loan that could be borrowed without rendering Buyer’s Net Worth less than the Required Capital Amount. The Subordinated Loans of an Originator shall be evidenced by a subordinated promissory note substantially in the form of Exhibit 2.01(c)(ii) hereto (a “Subordinated Note”) executed by Buyer and payable to such Originator. The Subordinated Loans shall bear interest and be payable as provided in the Subordinated Note.
Payment of Sale Price. In consideration for each Sale of Sold Receivables hereunder, Receivables Purchaser shall pay to the Receivables Seller on the Transfer Date therefor the Sale Price in the following manner:
(i) for any Sale of Sold Receivables occurring on the initial Transfer Date:
(A) by delivery in Dollars in immediately available funds, to the extent of the amount of cash available to Receivables Purchaser; and
(ii) for any Sale of Sold Receivables occurring on any Transfer Date after the initial Transfer Date:
(A) by delivery in Dollars in immediately available funds, to the extent of the amount of cash available to Receivables Purchaser; and
(B) the balance, by delivery of the proceeds of a subordinated revolving loan from the Receivables Seller to Receivables Purchaser (each, a "Subordinated Loan" and collectively, the "Subordinated Loans") in an amount not to exceed the least of (A) the remaining unpaid portion of the Sale Price, (B) the maximum Subordinated Loan that could be borrowed without rendering the Receivables Purchaser's Net Worth Percentage to be less than 5% and (C) fifteen percent (15%) of the maximum then Outstanding Balance of the Transferred Receivables. On the date hereof, the Receivables Purchaser shall issue to the Receivables Seller, a subordinated note (the "Subordinated Note") substantially in the form of Exhibit 2.1(c) hereto. The Receivables Seller is hereby authorized by Receivables Purchaser to endorse on the schedule attached to the Subordinated Note an appropriate notation evidencing the date and amount of each advance thereunder, as well as the date of each payment with respect thereto, provided that the failure to make such notation shall not affect any obligation of Receivables Purchaser thereunder. Subject to the limitations set forth in this Section 2.1(c), the Receivables Seller irrevocably agrees to advance each Subordinated Loan requested by Receivables Purchaser on each applicable Transfer Date occurring on or prior to the Facility Termination Date. The Subordinated Loans shall be evidenced by, and shall be payable in accordance with the terms and provisions of the Subordinated Note and shall be payable solely from funds which Receivables Purchaser is not required under the Purchase Agreement to set aside for the benefit of, or otherwise pay over to, the Purchasers or the Administrative Agent.
Payment of Sale Price. (i) In consideration for each Sale of Sold Receivables hereunder, Buyer shall pay to the Originator thereof on the Transfer Date therefor the Sale Price therefor in Dollars in immediately available funds or, upon the request of an Originator, by causing an L/C Issuer to issue a Letter of Credit for the benefit of such Originator as more fully described in clause (iii) below. All cash payments by Buyer under this Section 2.01(c)(i) shall be effected by means of a wire transfer on the day when due to such account or accounts as the Originators may designate from time to time.
(ii) To the extent that the Sale Price of Sold Receivables exceeds the amount of cash then available to Buyer (and is not otherwise paid through the issuance of a Letter of Credit and a related L/C Note), the applicable Originator hereby agrees to make a subordinated loan (each, a “Subordinated Loan”) to Buyer in an amount up to the amount of such excess in satisfaction of the equivalent portion of the Sale Price not paid in cash; provided, that in no event shall the aggregate amount of all Subordinated Loans made at any time by all Originators exceed fifteen percent (15%) of the aggregate Outstanding Balance of Transferred Receivables at any time. The Subordinated Loans of an Originator shall be evidenced by a subordinated promissory note substantially in the form of Exhibit 2.01(c)(ii) hereto (a “Subordinated Note”) executed by Buyer and payable to such Originator. The Subordinated Loans shall bear interest and be payable as provided in the Subordinated Note.
(iii) If an Originator so requests, Buyer shall pay all or part of the Sale Price of Sold Receivables of such Originator to be paid by causing the Administrative Agent to arrange for the issuance by an L/C Issuer of a Letter of Credit in favor of one or more beneficiaries selected by AK Steel. In the event that an Originator requests that all or any portion of the Sale Price of Sold Receivables be paid for by issuance of a Letter of Credit, such Originator shall on a timely basis provide Buyer with such information as is necessary for Buyer to obtain such Letter of Credit from the applicable L/C Issuer (pursuant to the terms of the Funding Agreement). Such Originator shall reimburse Buyer for its expenses incurred in connection with obtaining such Letter of Credit and shall also pay to Buyer a fee in an amount equal to one-eighth of one percent of the face amount thereof for procuring such Letter of Credit; provided that such fee...
Payment of Sale Price. Subject to subparagraph (d) below, in consideration for each Sale of Sold Receivables by any Originator hereunder, its Related Buyer shall pay to such Originator on the Transfer Date therefor the applicable Sale Price therefor in Dollars in immediately available funds. All cash payments by a Related Buyer under this Section 2.01(c) shall be effected by means of a wire transfer on the day when due to such account or accounts as its Related Originator may designate from time to time.
Payment of Sale Price. Upon the receipt of payment from the Buyer of the above listed Sale Price by the Breeder, the Breeder agrees to transfer to Buyer the one above described puppy with registration papers as defined by the AKC (American Kennel Club). The remaining balance of the above listed Sale Price, minus any holding deposit paid by the Buyer is to be paid in full at the time of the transfer, paid either via Venmo, Cash App or Cash. Shipping or transportation charges are not included in the purchase price. Registration fee charges by the AKC are the sole responsibility of the Buyer.
Payment of Sale Price. Auto Pro Buys will pay Seller the Sale Price, less (i) the Listing Fee, (ii) the Listing Fee and/or cost of authorized repairs (if applicable), and any liens within 2 business days following the Vehicle’s title transfer to Auto Pro Buys.
Payment of Sale Price. In consideration for each Sale of Sold Receivables hereunder by an Originator, Buyer shall pay to the applicable Originator on the Transfer Date therefor the Sale Price therefor in Dollars in immediately available funds. All such payments by
A. M. Castle & Co., Total Plastics, Inc., Xxxxxx Steel Plate Co, and Keystone Tube Company, LLC Receivables Sale and Contribution Agreement Buyer under this Section 2.01(c) shall be effected by means of a wire transfer on the day when due to such account or accounts as the applicable Originator may designate.
Payment of Sale Price. In consideration for each Sale of Sold Receivables hereunder by an Originator, Buyer shall pay to the applicable Originator on the Transfer Date therefor the Sale Price therefor in Dollars in immediately available funds. All such payments by Buyer under this Section 2.01(c) shall be effected by means of a wire transfer on the day when due to such account or accounts as the applicable Originator may designate.
Payment of Sale Price. Payment of Sale Price.Payment of Sale Price.Payment of Sale Price.Payment of Sale Price.Payment of Sale Price.Payment of Sale Price.Payment of Sale Price.Payment of Sale Price. Payment of the Sale Price owed with respect to the purchase of any Interest offered or deemed offered, or otherwise purchased, under the terms of this Agreement shall be made in cash at settlement.
Payment of Sale Price. Rental The full price of $50,000.00 is payable in full at the closing. The rental of $1.00 per month will be payable in advance, as pro- vided in this section. Payment for the first month (or fraction of a month) and the next two months shall be payable at closing. The rent for each subsequent three- month period shall be payable on the first day of the third month following the month of the closing and on the first day of every third month thereafter, as follows: Payment Date Amount Period ----------------- ---------- ------------- Aug 1, 2006* $3.00 Aug, Sep, Oct 2006 Nov 1, 2006 3.00 Nov, Dec 2006; Jan 2007 Feb 1, 2007 3.00 Feb, Mar, Apr 2007 May 1, 2007 3.00 May, Jun, Jul 2007 Aug 1, 2007 3.00 Aug, Sep, Oct 2007 Nov 1, 2007 3.00 Nov, Dec 2007; Jan 2008 Feb 1, 2008 2.00 Feb, Mar 2008 * or the closing date, if later 7 Initial Payment on Purchase Purchase On July 17, 2006, Buyer provided funds of $20,000.00 to the company, and requested that the funds be recorded as an advance, to be treated as a partial payment toward the contemplated purchase of Company's equipment located at its facility in Amargosa Valley. This amount will be credited to Buyer at closing.
