Purchase Amount. (i) If a Responsible Person of the Servicer has actual knowledge, or receives notice from the Depositor, the Issuer, the Owner Trustee or the Indenture Trustee, of a breach of the covenants set forth in Sections 3.1(c) or (d) and such breach is not cured in all material respects by the end of the second full Collection Period (or, at the Servicer’s option, the first full Collection Period) after the Responsible Person obtained actual knowledge or was notified of such breach, the Servicer will purchase each Receivable materially and adversely affected by such breach by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after such Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date).
(ii) Upon the occurrence of any of the conditions requiring purchase of a Receivable set forth in Section 3.1(b), the Servicer will repurchase the Receivable affected by such occurrence by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after the Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date) in which such modification is made.
(iii) If the Servicer, in its sole discretion, determines that as a result of a receivables systems error or receivables systems limitation or for any other reason the Servicer is unable to service any Receivable in accordance with the Credit and Collection Policy and the terms of this Agreement, the Servicer may purchase such Receivable by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after the Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date) in which such determination is made.
(iv) If Ford Credit is the Servicer, it may pay any Purchase Amounts in accordance with Section 4.3(c).
Purchase Amount. When a Subscription is made the Subscriber will: (i) be an “accredited investor” as defined in National Instrument 45- 106 Prospectus Exemptions (“NI 45-106”) by virtue of being a person, company or other entity of the type indicated in Part 4 of this Subscription Agreement (see Schedule “B”); or (ii) be able to subscribe for Units pursuant to an exemption that has been discussed with, and approved by, the Manager;
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closings set forth below, Investor hereby irrevocably agrees (pursuant to the terms of this Agreement below, including the Company Option), to purchase 525 Preferred Shares at $10,000.00 per share (“Face Value”) with a 5.0% original issue discount (“OID”) for the sum of $5,000,000.00 (“Purchase Amount”).
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to each Closing set forth below, Company hereby agrees to sell to Purchaser for the aggregate sum of $1,000,000.00 (“Purchase Amount”), and Purchaser hereby agrees to purchase from Company, an aggregate of 1,000 shares of Series G Preferred Stock (“Preferred Shares”) of Company, at a price of $1,000.00 per Preferred Share.
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, Investor hereby irrevocably agrees to purchase up to 211 Preferred Shares of Company at $10,000.00 per share with a 5.0% original issue discount (“OID”) for the sum of up to $2,000,000.00 (“Purchase Amount”).
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, for an aggregate purchase price of $3,000,000.00 (“Purchase Amount”), Investor hereby irrevocably agrees to purchase a Warrant and a Note with the aggregate Face Value of $4,250,000.00 including an original issue discount (OID), all in accordance with the terms, provisions, and schedule set forth in this Agreement and in the Transaction Documents.
Purchase Amount. 3.1. The Parties agree that the equity valuation of the Company is INR 64,91,94,65,000 (Six Thousand Four Hundred Ninety One Crores Ninety Four Lakhs Sixty Five Thousand).
3.2. In accordance with and subject to the terms and conditions of this Agreement, the relevant Purchasers shall and each Original Purchaser shall procure that the Purchasers shall:
(a) pay to the Seller 1, on the Closing Date, the Seller 1 Purchase Amount in the accounts designated in accordance with Clause 3.5 of the Agreement.
(b) pay to the Seller 2, on the Closing Date, the Seller 2 Purchase Amount in the accounts designated in accordance with Clause 3.5 of the Agreement.
3.3. Each Seller hereby acknowledges that, from the Closing Purchase Amount, certain payments shall be payable by such Seller to the Seller Advisors to the extent of 1.02% (One point Zero Two Percent) of the Closing Purchase Amount. The Sellers further acknowledge that the payment of such amounts is the sole obligation of the Sellers; and the Purchasers, the Original Purchasers or the Purchaser SPV shall not be liable or obligated to pay any such amounts.
3.4. It is hereby agreed between the Parties that the Per Sale Share Price payable to Sellers under this Agreement, and correspondingly, the Closing Purchase Amount shall be subject to change in accordance with clause 5.9 of the Restated Long Form SPA and clause 6.2.1(c) of the Restated Long Form SPA, to the extent applicable.
3.5. The Sellers shall notify a single bank account (which shall be an escrow bank account of the Sellers) into which the consideration for the Sale Shares held by them is to be remitted by the Purchasers. The Sellers shall enter into an escrow agreement to give effect to the arrangements contemplated under Clause 3.3, from the consideration received by the Sellers for the sale of their Sale Shares and for remittance of the balance amount to the respective Sellers. Upon the credit of the consideration for the Sale Shares held by the Sellers into such single bank account by the Purchasers, the obligation of the Purchasers to pay the consideration to the Sellers shall be fully discharged under this Agreement.
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, Investor hereby irrevocably agrees to purchase 444 Preferred Shares of Company at $10,000.00 per share with a 5.0% original issue discount for the sum of $4,217,412.00 (“Purchase Amount”) in cash.
Purchase Amount. The undersigned hereby agrees to purchase that number of Shares and Warrants for a Purchase Price as each is set forth opposite the undersigned’s name on Schedule A to this Securities Purchase Agreement, pursuant to and in accordance with the terms of this Securities Purchase Agreement.
Purchase Amount. “Purchase Amount” means the total amount being paid by a Buyer on the Closing Date to purchase Securities.
