Secured Notes Purchase Price Sample Clauses
The 'Secured Notes Purchase Price' clause defines the amount that a buyer must pay to acquire secured notes from a seller. Typically, this clause specifies the calculation method for the purchase price, which may include the principal amount of the notes, accrued interest, and any applicable premiums or adjustments. By clearly outlining the payment terms and components, this clause ensures both parties understand the financial obligations involved in the transaction, thereby reducing the risk of disputes over payment amounts.
Secured Notes Purchase Price. On the Closing Date, Ally Auto shall pay to the Seller the Secured Notes Purchase Price as provided in Section 2.02.
Secured Notes Purchase Price. In consideration for the First Step Purchased Property, Ally Auto shall, on or about the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Secured Note Principal Balance in respect of the Secured Notes (the “Secured Notes Purchase Price”), and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Secured Notes Assignment”). The Initial Aggregate Secured Note Principal Balance is equal to $1,253,396,075.11. A portion of the Secured Notes Purchase Price shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in the Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto). The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.
Secured Notes Purchase Price. On the Series 2005-SN1 Closing Date, ▇▇▇▇ shall pay to GMAC the Secured Notes Purchase Price as provided in Section 2.02.
Secured Notes Purchase Price. In consideration for the Purchased Property, ▇▇▇▇ shall, on or about the Series 200_-__ Closing Date, pay to GMAC an amount equal to the Initial Aggregate Secured Notes Principal Balance in respect of the COLT 200_-__ Secured Notes (the "Secured Notes Purchase Price"), and GMAC shall execute and deliver to ▇▇▇▇ an assignment in the form attached as Exhibit A (the "First Step Secured Notes Assignment"). A portion of the Secured Notes Purchase Price equal to $_______ shall be paid to GMAC in immediately available funds.
Secured Notes Purchase Price. In consideration for the First Step Purchased Property, Ally Auto shall, on or about the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Secured Note Principal Balance in respect of the Secured Notes (the “Secured Notes Purchase Price”), and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Secured Notes Assignment”). The Initial Aggregate Secured Note Principal Balance is equal to $ . A portion of the Secured Notes Purchase Price, equal to $ , shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from Ally Auto to the Seller under the Ally Auto Intercompany Advance Agreement (as a result of an advance made thereunder from the Seller to Ally Auto, equal to $ ), and (b) an increase in the Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto). The amount advanced under the Ally Auto Intercompany Advance Agreement and the amount of the deemed capital contribution, if any, shall be duly recorded by the Seller and Ally Auto.
Secured Notes Purchase Price. On the Series 20__-SN_ Closing Date, ▇▇▇▇ shall pay to Ally Financial the Secured Notes Purchase Price as provided in Section 2.02.
Secured Notes Purchase Price. In consideration for the First Step Purchased Property, ▇▇▇▇ shall, on or about the Series 20__-SN_ Closing Date, pay to Ally Financial an amount equal to the Initial Aggregate Secured Note Principal Balance in respect of the COLT 20__-SN_ Secured Notes (the “Secured Notes Purchase Price”), and Ally Financial shall execute and deliver to ▇▇▇▇ an assignment in the form attached as Exhibit A (the “First Step Secured Notes Assignment”). A portion of the Secured Notes Purchase Price equal to $[ ] shall be paid to Ally Financial in immediately available funds and the balance, if any, of the Secured Notes Purchase Price shall be recorded as an advance from Ally Financial to ▇▇▇▇ pursuant to the Intercompany Advance Agreement or as a capital contribution from Ally Financial to ▇▇▇▇.
Secured Notes Purchase Price. On the Closing Date, ▇▇▇▇ shall pay to the Seller the Secured Notes Purchase Price as provided in Section 2.02.
Secured Notes Purchase Price. In consideration for the First Step Purchased Property, ▇▇▇▇ shall, on or about the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Secured Note Principal Balance in respect of the Secured Notes (the “Secured Notes Purchase Price”), and the Seller shall execute and deliver to ▇▇▇▇ an assignment in the form attached hereto as Exhibit A (the “First Step Secured Notes Assignment”). The Initial Aggregate Secured Note Principal Balance is equal to $ . A portion of the Secured Notes Purchase Price, equal to $ , shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to the Seller under the ▇▇▇▇ Intercompany Advance Agreement (as a result of an advance made thereunder from the Seller to ▇▇▇▇, equal to $ ), and (b) an increase in the Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from Seller to ▇▇▇▇). The amount advanced under the ▇▇▇▇ Intercompany Advance Agreement and the amount of the deemed capital contribution, if any, shall be duly recorded by the Seller and ▇▇▇▇.