Common use of Purchase Price, Substitution Value and Repurchase Price Clause in Contracts

Purchase Price, Substitution Value and Repurchase Price. (a) The purchase price (the “Purchase Price”) for each Loan Asset Conveyed on each Conveyance Date shall be a dollar amount equal to the Market Value of such Loan Asset Conveyed as of such date. (b) The substitution value (the “Substitution Value”) for each Substitute Loan Asset Conveyed from the Seller to the Purchaser on each Conveyance Date shall be a dollar amount equal to the Market Value of such Substitute Loan Asset Conveyed as of such date. (c) The purchase price for each Repurchase (the “Repurchase Price”) shall be a dollar amount equal to the greater of the Market Value and the Purchase Price of such Loan Asset paid by the Purchaser, less all Principal Proceeds received in respect of such Loan Asset from the original Conveyance Date to the Repurchase Conveyance Date plus any such Principal Proceeds that the Purchaser shall have been required to repay to the Obligor with respect to such Loan Asset.