Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.35. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2019-1), Pooling Agreement (Ally Auto Receivables Trust 2019-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,118,470,195.45. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31998,302,473.00, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04120,167,722.45. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2018-2), Pooling Agreement (Ally Auto Receivables Trust 2018-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,108,940,649.63. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31768,448,391.91, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04340,492,257.72. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2023-1), Pooling Agreement (Ally Auto Receivables Trust 2023-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.35988,472,639.22. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31677,173,404.77, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04311,299,234.45. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2022-3), Pooling Agreement (Ally Auto Receivables Trust 2022-3)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,120,998,037.60. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31753,649,799.00, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04367,348,238.60. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2019-2), Pooling Agreement (Ally Auto Receivables Trust 2019-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,083,905,566.10. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31758,686,746.59, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04325,218,819.51. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2015-2), Pooling Agreement (Ally Auto Receivables Trust 2015-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,119,773,433.38. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,021,728,846.60, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0498,044,586.78. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2018-1), Pooling Agreement (Ally Auto Receivables Trust 2018-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,050,522,784.44. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31937,635,763.15, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04112,887,021.29. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2019-4), Pooling Agreement (Ally Auto Receivables Trust 2019-4)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,120,998,466.76. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31784,045,707.90, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04336,952,758.86. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2019-3), Pooling Agreement (Ally Auto Receivables Trust 2019-3)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.35559,999,919.78. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31497,959,162.81, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0462,040,756.97. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-5), Pooling Agreement (Ally Auto Receivables Trust 2017-5)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,061,279,380.05. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31754,970,358.04, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04306,309,022.00. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Receivables Trust 2013-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,071,953,466.28. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31734,590,923.64, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04337,362,542.64. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2022-2), Pooling Agreement (Ally Auto Receivables Trust 2022-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,259,419,436.55. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31895,996,841.93, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04363,422,594.62. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2013-1), Pooling Agreement (Ally Auto Receivables Trust 2013-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,054,350,237.90. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31790,736,532.07, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04263,613,705.83. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2016-1), Pooling Agreement (Ally Auto Receivables Trust 2016-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,343,562,170.50. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,254,302,632.23, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0489,259,538.27. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2012-5), Pooling Agreement (Ally Auto Receivables Trust 2012-5)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,121,999,935.31. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,056,038,477.34, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0465,961,457.97. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2024-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,119,013,479.86. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31998,847,539.55, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04120,165,940.31. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2018-3), Pooling Agreement (Ally Auto Receivables Trust 2018-3)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,084,569,770.68. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31967,997,739.93, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04116,572,030.75. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2022-1), Pooling Agreement (Ally Auto Receivables Trust 2022-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.352,014,324,510.27. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,387,039,330.28, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04627,285,179.99. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2014-1), Pooling Agreement (Ally Auto Receivables Trust 2014-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,116,603,712.29. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31[1,053,782,993.87], shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04[62,820,718.42]. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,019,852,295.52. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31990,707,741.69, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0429,144,553.83. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,116,603,712.29. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,084,379,234.59, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0432,224,477.70. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-1)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,057,998,087.93. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31[1,026,552,792.35], shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04[31,445,295.58]. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-3)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,107,866,076.72. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31988,910,271.15, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04118,955,805.57. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-4)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,057,998,087.93. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.311,026,552,792.35, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.0431,445,295.58. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-3)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,019,852,295.52. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31[959,937,842.25], shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04[59,914,453.27]. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-2)
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to $1,119,999,920.351,107,866,076.72. A portion of the Initial Aggregate Receivables Principal Balance, equal to $999,650,198.31991,679,936.34, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $120,349,722.04116,186,140.38. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Appears in 1 contract
Samples: Pooling Agreement (Ally Auto Receivables Trust 2017-4)