Common use of Sale Price Clause in Contracts

Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay each Seller on the Closing Date, upon satisfaction of the applicable conditions set forth in Article III, an amount acknowledged by the applicable Seller and the Purchaser to be the fair market value of the CEF Assets that such Seller sold and transferred by such Seller to the Purchaser under this Agreement (together the “CEF Purchase Price”). Receivables Sale Agreement

Appears in 2 contracts

Samples: Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1), Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1)

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Sale Price. (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay each the Seller on the Closing Date, upon satisfaction of the applicable conditions set forth in Article III, an amount acknowledged by the applicable Seller and the Purchaser to be the fair market value of the CEF Assets that such the Seller sold and transferred by such Seller to the Purchaser under this Agreement (together the “CEF Purchase Price”). Receivables Sale Agreement.

Appears in 2 contracts

Samples: Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-2), Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-2)

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Sale Price. (a) As consideration for On the sale of the CEF Assets pursuant to Section 2.1 hereofClosing Date, the Purchaser shall pay each Seller on the Closing Dateshall, upon satisfaction of the applicable conditions set forth in Article III, pay the CEF Purchase Price in the form of (i) cash and (ii) an amount increase in the Seller’s equity interest in the Purchaser (together, the “CEF Purchase Price”) as consideration for the CEF Assets sold and transferred by the Seller to the Purchaser pursuant to Section 2.1 hereof, which CEF Purchase Price shall be acknowledged by the applicable Seller and the Purchaser to be the fair market value of the CEF Assets that such Seller sold and transferred by such Seller to the Purchaser under this Agreement (together the “CEF Purchase Price”). Receivables Sale Agreementthereof.

Appears in 2 contracts

Samples: Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-1), Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-1)

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