Common use of Subsequent Receivables Clause in Contracts

Subsequent Receivables. As consideration for the conveyance of Subsequent Receivables pursuant to Section 2.2, the Purchaser shall pay or cause to be paid to the Originator on each Subsequent Transfer Date an amount (a "Subsequent Purchase Price") equal to the aggregate Contract Value of the Subsequent Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon the Originator and the Purchaser. Any Subsequent Purchase Price shall be payable as follows: (i) cash in the amount released to the Purchaser from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to the Originator on the related Subsequent Transfer Date and the balance paid in cash as and when amounts are released to, or otherwise realized by, the Purchaser from the Spread Account and the Negative Carry Account in accordance with the Sale and Servicing Agreement; or (ii) as otherwise agreed by the Originator and the Purchaser.

Appears in 3 contracts

Samples: Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc)

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Subsequent Receivables. As consideration for the conveyance of Subsequent Receivables pursuant to Section 2.2, the Purchaser shall pay or cause to be paid to the Originator on each Subsequent Transfer Date an amount (a "Subsequent Purchase Price") equal to the aggregate Contract Value of the Subsequent Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by the Originator and the Purchaser. Any Subsequent Purchase Price shall be payable as follows: (i) cash in the amount released to the Purchaser from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to the Originator on the related Subsequent Transfer Date Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, the Purchaser from the Spread Account and the Negative Carry Account in accordance with the Sale and Servicing Agreement; , or (ii) as otherwise agreed by the Originator and the Purchaserare available for such purpose.

Appears in 2 contracts

Samples: Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc)

Subsequent Receivables. As consideration for the conveyance of Subsequent Receivables pursuant to Section 2.2, the Purchaser shall pay or cause to be paid to the Originator on each Subsequent Transfer Date an amount (a "Subsequent Purchase PriceSUBSEQUENT PURCHASE PRICE") equal to the aggregate Contract Value of the Subsequent Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by the Originator and the Purchaser. Any Subsequent Purchase Price shall be payable as follows: (i) cash in the amount released to the Purchaser from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to the Originator on the related Subsequent Transfer Date Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, the Purchaser from the Spread Account and Account, the Negative Carry Account, and the Principal Supplement Account in accordance with the Sale and Servicing Agreement; , or (ii) as otherwise agreed by the Originator and the Purchaserare available for such purpose.

Appears in 1 contract

Samples: Purchase Agreement (CNH Receivables Inc)

Subsequent Receivables. As consideration for the conveyance of Subsequent Receivables pursuant to Section 2.2, the Purchaser shall pay or cause to be paid to the Originator on each Subsequent Transfer Date an amount (a "Subsequent Purchase Price") equal to the aggregate Contract Value of the Subsequent Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by the Originator and the Purchaser. Any Subsequent Purchase Price shall be payable as follows: (i) cash in the amount released to the Purchaser from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to the Originator on the related Subsequent Transfer Date Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, the Purchaser from the Spread Account and Account, the Negative Carry Account, and the Yield Supplement Account in accordance with the Sale and Servicing Agreement; , or (ii) as otherwise agreed by the Originator and the Purchaserare available for such purpose.

Appears in 1 contract

Samples: Purchase Agreement (Case Receivables Ii Inc)

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Subsequent Receivables. As consideration for the conveyance of Subsequent Receivables pursuant to Section 2.2, the Purchaser shall pay or cause to be paid to the Originator on each Subsequent Transfer Date an amount (a "Subsequent Purchase Price") equal to the aggregate Contract Value of the Subsequent Receivables as of the related Subsequent Cutoff Date, plus any premium or minus any discount agreed upon by the Originator and the Purchaser. Any Subsequent Purchase Price shall be payable as follows: (i) cash in the amount released to the Purchaser from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement shall be paid to the Originator on the related Subsequent Transfer Date Date; and (ii) the balance shall be paid in cash as and when amounts are released to, or otherwise realized by, the Purchaser from the Spread Account and Account, the Negative Carry Account, and the Principal Supplement Account in accordance with the Sale and Servicing Agreement; , or (ii) as otherwise agreed by the Originator and the Purchaserare available for such purpose.

Appears in 1 contract

Samples: Purchase Agreement (CNH Capital Receivables Inc)

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