Examples of Purchase Price Adjustment in a sentence
JPMCB agrees that on the Purchase Price Payment Date, JPMCB shall pay or cause to be paid to Chase Card Funding an amount equal to the greater of (i) the amount by which the Purchase Price Adjustment exceeds the unadjusted Purchase Price and (ii) the amount of any Adjustment Payment required to be paid by Chase Card Funding pursuant to Section 3.06.
To the extent that Chase Card Funding elects to remit to JPMCB an amount greater than the Purchase Price of such Receivables, net of any Purchase Price Adjustment, JPMCB shall first apply such amount to the payment of the unpaid principal of the Subordinated Note, if any.
If, after giving effect to any such payment in respect of the Subordinated Note, JPMCB has received an amount greater than the Purchase Price, net of any Purchase Price Adjustment, JPMCB shall retain such amounts and, at the option of Chase Card Funding (x) issue its note to Chase Card Funding with terms substantially similar to the terms of the Subordinated Note or (y) subject to applicable legal restrictions and internal approvals, elect to treat such amounts as a dividend or return of capital to JPMCB.