Common use of Purchased Contracts Clause in Contracts

Purchased Contracts. The Initial Purchase Price is payable as follows: (i) partially in cash on the Closing Date, and (ii) the remainder shall be deemed to have been added to the outstanding balance of the subordinated note, dated as of December 15, 2000, payable by CNHCR to CNHCA and executed in connection with the Liquidity Receivables Purchase Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2007-A), Purchase Agreement (CNH Equipment Trust 2006-A), Purchase Agreement (CNH Equipment Trust 2006-B)

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Purchased Contracts. The Initial Purchase Price is payable as follows: (i) partially in cash on the Closing Date, and (ii) the remainder shall be deemed to have been added to the outstanding balance of the subordinated note, dated as of December 15, 2000, payable paid by CNHCR to CNHCA and executed in connection with the Liquidity Receivables Purchase Agreementreturned by CNHCA to CNHCR as a contribution to capital.

Appears in 1 contract

Samples: Purchase Agreement (CNH Capital Receivables LLC)

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Purchased Contracts. The Initial Purchase Price is payable as follows: (i) partially in cash on the Closing Date, and (ii) the remainder shall be deemed to have been added to the outstanding balance of the subordinated note, dated as of December 15, 2000, payable by CNHCR to CNHCA and executed in connection with the Liquidity Receivables Purchase Agreement.,

Appears in 1 contract

Samples: Purchase Agreement (CNH Capital Receivables LLC)

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