Initial Purchase Price Installment definition

Initial Purchase Price Installment means, for each Sale Date Loan Pool, the amount paid to the Seller on the Sale Date for such Sale Date Loan Pool.

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Initial Purchase Price Installment means, for each Sale Date Loan Pool, the cash amount paid to the Seller on the Sale Date for such Sale Date Loan Pool.

Initial Purchase Price Installment means, with respect to any Participation Certificate, the excess of the related Trade Principal over the Discount.

Examples of Initial Purchase Price Installment in a sentence

The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller in the Sale Notice.
The Buyer Purchase Confirmation shall specify items including the following (w) the Buyer Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y) the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer.
The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller.
The Buyer’s Purchase Confirmation shall specify items including the following (w) the Buyer’s Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y) the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer.
Notwithstanding the Minimum Committed Amount, Buyer shall not be obligated to purchase any Eligible Timeshare Loans such that the aggregate Initial Purchase Price Installment exceeds (i) twenty-two million five hundred thousand dollars ($22,500,000.00) within any thirty (30) day period and (ii) fifty-four million dollars ($54,000,000.00) within any one (1) year period.
The Buyer shall deposit the Initial Purchase Price Installment in LOAN SALE & SERVICING AGREEMENT immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller in the Sale Notice.
Notwithstanding the Minimum Required Amount, Buyer shall not be obligated to purchase any Eligible Timeshare Loans such that the aggregate Initial Purchase Price Installment exceeds (i) four million two hundred fifty thousand dollars ($4,250,000.00) within any thirty (30) day period and (ii) seventeen million dollars ($17,000,000.00) within any one (1) year period.

More Definitions of Initial Purchase Price Installment

Initial Purchase Price Installment means, with respect to any Participation Certificate, the excess of the related Trade Principal over the Discount. “Intercreditor Agreement” means that certain Fourth Amended and Restated Intercreditor Agreement, dated as of August 16, 2016, as amended through that certain Amendment No. 7 and Joinder to Fourth Amended and Restated Intercreditor Agreement, dated as of the date hereof, by and among Seller, Purchaser and the other parties thereto, as the same may be amended, supplemented or otherwise modified from time to time. “Issuance Date” means, with respect to a Security, the first day of the month in which the Security is issued. “Joint Securities Account Control Agreement” means that certain Fourth Amended and Restated Joint Securities Account Control Agreement, dated as of August 16, 2016, as amended through that certain Amendment No. 7 and Joinder to Fourth Amended and Restated Joint Securities Account Control Agreement, dated as of the date hereof, by and among Seller, Purchaser and the other parties thereto, as the same may be amended, supplemented or otherwise modified from time to time. “Jumbo Mortgage Loan” means a first lien Mortgage Loan which (i) conforms with all requirements of Seller’s underwriting guidelines, which are subject to Purchaser’s approval in its sole good faith discretion, as the same may be amended, supplemented or otherwise modified 1521 The definition of “▇▇▇▇▇ Investors” was added by Amendment No. 1, dated as of September 24, 2021.

Initial Purchase Price Installment shall have the meaning set forth in Section 3.1(b)(i) of this Agreement.