PAYMENT TO THE TRANSFEROR Sample Clauses
The 'Payment to the Transferor' clause defines the obligation of the transferee to pay the agreed consideration to the transferor as part of a transfer transaction. Typically, this clause outlines the amount, timing, and method of payment, such as specifying that funds must be transferred via wire within a certain number of days after closing. Its core function is to ensure that the transferor receives the appropriate compensation for the assets or rights being transferred, thereby providing clarity and reducing the risk of disputes over payment terms.
PAYMENT TO THE TRANSFEROR. After payment in full of the Collateral Amount of the Series 2003-1 Notes, any amount remaining on deposit in the Interest Funding Account will be paid to the Transferor.
PAYMENT TO THE TRANSFEROR. Upon payment in full of the Collateral Amount of the Series 2003-2 Notes, any remaining amount on deposit in the Principal Funding Account will be paid to the Transferor.
PAYMENT TO THE TRANSFEROR. The Seller shall not acquire any Receivable other than through, under, and pursuant to the terms of, the Sale and Conveyance Agreement, either as a capital contribution from the Transferor or in exchange for the payment by the Seller in cash, or a combination of the two of an amount equal to the purchase price for such Receivable as required by the terms of the Sale and Conveyance Agreement.