Purchase Amount Sample Clauses
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, 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. Subject to the terms and conditions herein and the satisfaction of the conditions to Closings set forth below, Investor hereby irrevocably agrees to purchase 1,684 Preferred Shares of Company at $10,000.00 per share with a 5.0% original issue discount (“OID”) for the sum of $16,000,000.00 (“Purchase Amount”).
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). In accordance with and subject to the terms and conditions of this Agreement, the Purchaser shall and the Original Purchasers shall procure that the Purchaser shall pay to the Sellers, an aggregate amount equivalent to Sale Shares multiplied by the Per Sale Share Price (the Purchase Amount) (in the manner as set out in Schedule 1), net of the Withholding Tax Amounts, if applicable (as set out in the Final Tax Certificate) in respect of the relevant portion of the Purchase Amount payable to each of the Sellers (each such amount paid to the Sellers to be referred as the Net Purchase Amount) for the Sale Shares by depositing the Net Purchase Amount (i) for the XX Xxxxxxx, in the accounts designated by the respective XX Xxxxxxx to the Purchaser; and (ii) for the Sellers (except the XX Xxxxxxx), in the account mentioned in Clause 3.6 below. It is hereby clarified that, an amount equivalent to the Withholding Tax Amount (as set out in the Final Tax Certificate) shall be withheld from the Purchase Amount and shall be dealt with in accordance with Clause 3.5 below.
3.2. Each Seller hereby acknowledges that, from the Net Purchase Amount, certain payments shall be payable by such Seller (i) to Seller Advisors to the extent of 1.02% (One point Zero Two Percent) of the Purchase Amount; and additionally (ii) towards the payment of the costs, expenses and fees (except as set out in Clause 12.1 of this Agreement) incurred / to be incurred by the Sellers, in relation to the transactions contemplated under this Agreement and / or the Transaction Documents in a form and manner agreed between the Sellers. The Sellers further acknowledge that the payment of such amounts as mentioned in (i) and (ii) above is the sole obligation of the Sellers; and the Purchaser, or the Purchaser SPV or the Original Purchasers shall not be liable or obligated to pay any such amounts as mentioned in (i) and / or (ii) above.
3.3. In addition to Clause 3.2 above, certain Sellers agree to make payments to Mr. V Xxxxxxxxxxx which shall be in accordance with the terms of the profit sharing arrangement agreed between, inter-alia, such Sellers and Mr. V
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 purchase amount for the supply of the transformers Purchaser may elect to purchase as set forth in Exhibit N (the “Purchase Amount”). The Purchase Amount shall be paid in accordance with Article VI and is subject to increases or decreases only as provided in Section 5.3. Exhibit N lists options, prices and times by which the options must be exercised by Purchaser. If an option is exercised by Purchaser, the applicable option amount as set forth in Exhibit N shall be used to adjust the Purchase Amount. Seller shall prepare the initial invoices in the name of Purchaser and forward such invoices to Agent for approval and payment pursuant to Section 6.1.1. 5.2
Purchase Amount. In full consideration for the sale, contribution, assignment, transfer, conveyance and granting of the Purchased Receivables, and subject to the terms and conditions set forth herein, the Purchaser shall pay (or cause to be paid) to the Seller, or the Seller’s designee, the following:
(a) on the Initial Closing Date, the sum of fifty million dollars ($50,000,000), in immediately available funds by wire transfer to an account designated in writing by the Seller to the Purchaser prior to the Initial Closing (the “Purchase Amount”); and
(b) on the Subsequent Closing Date, the sum of one hundred million dollars ($100,000,000), and the term “Purchase Amount” shall thereafter be deemed amended to include the funds paid on the Subsequent Closing Date (i.e., an aggregate of one hundred fifty million dollars ($150,000,000)), less the amount owed by the Seller pursuant to Section 3.7, in immediately available funds by wire transfer to an account designated in writing by the Seller to the Purchaser prior to the Subsequent Closing Date, except to the extent the Purchaser has delivered notice of termination of its obligations pursuant to Section 7.2(a) or the events set forth in Section 7.2(b) have occurred.