Net Purchase Price definition
Examples of Net Purchase Price in a sentence
On the related Transfer Date, Purchaser shall pay to Seller the Net Purchase Price for each Transferred Loan identified in the related Assignment and Conveyance Agreement.
Subject to the foregoing conditions, on the applicable Transfer Date, the Purchaser shall pay the applicable aggregate Net Purchase Price pursuant to Article II of this Agreement, by wire transfer of immediately available funds to the account or accounts designated in wire instructions provided by the Seller to the Purchaser.
Base Purchase Price: Community Recourse Loans $ (calculated on the basis of a Base Purchase Price of [***]% ) Non-Recourse Loans $ (calculated on the basis of a Base Purchase Price of [***]% ) Total Base Purchase Price $ Accrued and Unpaid Interest and Fees: $____________ Net Purchase Price: $____________ Purchase Cut-Off Date: ____________ Transfer Date: ___________ Servicing Retained: Yes.
As of each Transfer Date, the Seller is solvent and will not be rendered insolvent by the transfer of the Transferred Loans to the Purchaser at the Net Purchase Price.
This Section 3.2(d) is subject to the cure provision of Section 4.1(a) of the Servicing Agreement; and (e) All other terms and conditions of this Agreement and the related Assignment and Conveyance Agreement (including Seller’s receipt of the applicable Net Purchase Price) shall have been complied with in all material respects.