Purchase Price Credit definition

Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

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Purchase Price Credit has the meaning specified in Section 2.03.

Purchase Price Credit shall have the meaning provided in Section 1.4 hereof.

Examples of Purchase Price Credit in a sentence

If such Purchase Price Credit exceeds the Original Balance of the Receivables coming into existence on any day, then Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the Termination Date has not occurred, Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under the Subordinated Note.
On such Settlement Date, the applicable Originator shall pay the amount of such Purchase Price Credit to Buyer in cash immediately; provided that if the applicable Termination Date has not occurred, such Originator shall be allowed to deduct the amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.
If such Purchase Price Credit exceeds the Original Balance of the Receivables originated by the applicable Originator on any day, such Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the applicable Termination Date has not occurred, such Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.
Notwithstanding the foregoing, a breach of any representation or warranty which relates solely to the eligibility or characteristics of any Receivable shall not constitute a Termination Event hereunder if a Purchase Price Credit Adjustment (and any related payment by Originator) is duly and timely made in accordance with Section 1.3 hereof.
If such Purchase Price Credit exceeds the Original Balance of the Receivables coming into existence on any day, then the related Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately, provided that if the Termination Date has not occurred, such Originator shall be allowed to deduct the remaining amount of such Purchase Price Credit from any indebtedness owed to it under its Subordinated Note.

More Definitions of Purchase Price Credit

Purchase Price Credit has the meaning set forth in the Receivables Sale Agreement

Purchase Price Credit has the meaning set forth in SECTION 1.3.

Purchase Price Credit has the meaning set forth in Section 1.5 of the Agreement.

Purchase Price Credit. As defined in Section 1.4 of the Agreement.

Purchase Price Credit means a credit in favor of the Purchaser against the Purchase Price otherwise due and payable by the Purchaser hereunder.

Purchase Price Credit means a credit against the purchase price of a Receivable owing from an Originator to the Borrower as described in Section 1.4(a) of the RSCA.

Purchase Price Credit for each Defective Parcel (excluding any Environmentally Defective Parcel) that exceeds the applicable Threshold Amount shall equal $200 per acre with respect to such Defective Parcel, provided that the Purchase Price Credit with respect to all Defective Parcels (excluding any reduction in the Purchase Price on account of an Environmentally Defective Parcel pursuant to Section 6.12(b) hereunder and any Purchase Price credit provided pursuant to Sections 6.12(c) or 6.12(e) hereunder) shall not exceed $20 million in the aggregate, and (ii) “Deleted Parcel” shall mean, (A) the Environmentally Defective Parcel, if such Environmentally Defective Parcel is either an entire separate legal or deeded tract, or (if not) can be subdivided by the execution and recordation of a deed (in which event Purchaser and Seller, each acting reasonably, shall mutually agree on the boundaries and configuration of such Deleted Parcel, provided that such Deleted Parcel shall be configured to be merchantable timberlands and to not adversely affect the ability of Purchaser or its successors to operate and harvest the Timberlands contiguous thereto), or (B) otherwise, the full deeded or legal tract or tracts in which such Environmentally Defective Parcel is located (regardless of how much larger the Deleted Parcel is than the Environmentally Defective Parcel).