Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Cash Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Cash Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale. (b) The CEF Cash Purchase Price for the CEF Assets sold by each Seller under this Agreement shall be payable in full in cash by the Purchaser on the Closing Date. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, make available to each of the Sellers the CEF Cash Purchase Price in same day funds.
Appears in 5 contracts
Samples: Receivables Sale Agreement (Cef Equipment Holding LLC), Loan Sale Agreement (Cef Equipment Holding LLC), Loan Sale Agreement (Cef Equipment Holding LLC)
Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Cash Purchase Price for the CEF Assets sold and transferred by such the Seller to the Purchaser on the Closing Date. The CEF Cash Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.
(b) The CEF Cash Purchase Price for the CEF Assets sold by each the Seller under this Agreement shall be payable in full in cash by the Purchaser on the Closing Date. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, make available to each of the Sellers Seller the CEF Cash Purchase Price in same day funds.. 700148750 06142559 Loan Sale Agreement
Appears in 2 contracts
Samples: Loan Sale Agreement (GE Equipment Transportation LLC, Series 2011-1), Loan Sale Agreement (GE Equipment Transportation LLC, Series 2011-1)
Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Cash Purchase Price for the CEF Assets sold and transferred by such the Seller to the Purchaser on the Closing Date. The CEF Cash Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.
(b) The CEF Cash Purchase Price for the CEF Assets sold by each the Seller under this Agreement shall be payable in full in cash by the Purchaser on the Closing Date. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, make available to each of the Sellers Seller the CEF Cash Purchase Price in same day funds.
Appears in 1 contract
Samples: Loan Sale Agreement (GE Equipment Midticket LLC, Series 2006-1)
Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Cash Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Cash Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.
(b) The CEF Cash Purchase Price for the CEF Assets sold by each Seller under this Agreement shall be payable in full in cash by the Purchaser on the Closing Date. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable Loan Sale Agreement conditions set forth in Article III, make available to each of the Sellers the CEF Cash Purchase Price in same day funds.
Appears in 1 contract
Samples: Loan Sale Agreement (Cef Equipment Holding Ge Commerical Equip Fin Series 2004-1)