Payments to the Seller. (a) On each date on which the Buyer is required to make a payment under this Agreement, the Buyer shall make the same available to the Seller for value on the due date and in Dollars settled through the New York Clearing House Interbank Payments System or such other funds as may be customary at the time for settlement of transactions in Dollars in New York City.
(b) All payments due to the Seller hereunder shall be made to the following account or to such other account as the Seller may direct: [*]
Payments to the Seller. With respect to each Asset transferred to the Borrower under the Sale and Servicing Agreement, the Borrower has given reasonably equivalent value to the Seller in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt. With respect to each Asset transferred to the Seller under a Purchase and Sale Agreement, the Seller has given reasonably equivalent value to applicable seller thereunder in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt.
Payments to the Seller. With respect to each Purchase hereunder, the Purchase Price received by the Seller in respect thereof constitutes reasonably equivalent value in consideration therefor and such transfer of the related Contract Assets was not made for or on account of an antecedent debt. No transfer by the Seller of any Contract Assets hereunder is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended.
Payments to the Seller. On each date on which any Transaction Document requires an amount to be paid by a Transaction Party to the Seller, such Transaction Party shall make the relevant amount available to the Seller by payment to the Seller to the account specified by the Seller for value on the due date no later than the time specified in the Relevant Transaction Document or, if no time is specified in the Transaction Document, by close of banking hours in the place of payment on the due date.
Payments to the Seller. 5.1.1 The Escrow Agent shall pay to the Seller from the Escrow Balance the Seller’s Amount referred to in any of Clauses 5.1.2, 5.1.3, 5.1.4 and 5.1.5 ultimately within one (1) Business Day after receipt by the Escrow Agent of:
(a) a Title of Enforcement evidencing that the Seller is entitled to payment of such Seller's Amount; or
(b) a duly executed Joint Notice from the Seller and the Purchaser.
5.1.2 On Payment Date 1, the Escrow Agent shall pay to the Seller from the Escrow Balance an amount equal to an aggregate of the following amounts:
(a) the Escrow Balance as it stands at the Payment Date 1; minus
(b) EUR 3,360,000 (three million three hundred sixty thousand euro); minus
(c) the aggregate amount of the outstanding Requests for Payment submitted by the Purchaser in accordance with Clause 5.2 prior to Payment Date 1, but only to the extent that such amounts have not been paid to the Purchaser prior to Payment Date 1; minus
(d) the aggregate amount of the outstanding requests submitted by the Purchaser for payments pursuant to Clause 5.3 prior to Payment Date 1, but only to the extent such amounts have not been paid to the Purchaser prior to Payment Date 1; but only if this calculation results in a positive amount ("Seller's Amount 1").
5.1.3 On Payment Date 2, the Escrow Agent shall pay to the Seller from the Escrow Balance an amount equal to an aggregate of the following amounts:
(a) the Escrow Balance as it stands at Payment Date 2; minus
(b) the aggregate amount of the outstanding Requests for Payment submitted by the Purchaser in accordance with Clause 5.2 prior to Payment Date 2, but only to the extent that such amounts have not been paid to the Purchaser prior to Payment Date 2; minus
(c) the aggregate amount of the outstanding requests submitted by the Purchaser for payments pursuant to Clause 5.3 prior to Payment Date 2, but only to the extent that such amounts have not been paid to the Purchaser prior to Payment Date 2; but only if this calculation results in a positive amount ("Seller's Amount 2").
5.1.4 If Seller's Amount 1 or Seller's Amount 2, as the case may be, is reduced pursuant to Clause 5.1.2(c) or Clause 5.1.3(b), respectively, and the relevant Request for Payment is deemed to be withdrawn pursuant to Clause 5.2.3, an amount equal to the amount of such deemed withdrawn request (a "Postponed Seller's Amount") shall be paid by the Escrow Agent to the Seller from the Escrow Balance on the Business Day following the date such request...
Payments to the Seller. The Seller shall have received the ---------------------- Purchase Price payable at Closing for the Purchased Assets.
Payments to the Seller. The Servicer shall on Deposit Dates withdraw from the Collection Account and pay to the Seller the following amounts:
(i) an amount equal to the Seller's Percentage for the related Due Period of Series 1997-1 Allocable Finance Charge and Administrative Collections to the extent such amount is deposited in the Collection Account; and
(ii) an amount equal to the Seller's Percentage for the related Due Period of Series Allocable Principal Collections deposited in the Collection Account, if the Seller's Participation Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds zero. The withdrawals to be made from the Collection Account pursuant to this Section 4.07(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 1997-1 Certificateholders' Interest pursuant to Section 8 of this Series Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.02 or 12.02 of the Agreement.
Payments to the Seller. With respect to each Asset transferred to the Borrower under the Sale and Servicing Agreement, the Borrower has given reasonably equivalent value to the Seller in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt. With respect to each Asset transferred to the Seller under a Purchase and Sale Agreement, the Seller has given reasonably equivalent value to applicable seller thereunder in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt. (u) Not an Investment Company. Such GWG Party is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended from time to time, or any successor statute.
Payments to the Seller. With respect to each Venture Loan transferred to the Borrower under the Purchase Agreement and (as applicable) the related Subsequent Transfer Instrument, the Borrower has given reasonably equivalent value to the Seller in consideration therefor and such transfer was not made for or on account of an antecedent debt.
Payments to the Seller. Any amounts payable to the Seller pursuant to this Agreement will be paid by telegraphic transfer to the Seller’s Solicitors account (as may be notified to the Buyer in writing by the Seller for this purpose from time to time).
