Purchase Price Differential definition

Purchase Price Differential means, with respect to any Purchased Asset as of any date of determination, the amount equal to the product of (a) the applicable Pricing Rate for such Purchased Asset and (b) the daily outstanding Purchase Price of such Purchased Asset, calculated on the basis of a 360-day year and the actual number of days during the period commencing on (and including) the Purchase Date for such Purchased Asset and ending on (but excluding) the date of determination (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset).

Purchase Price Differential shall have the meaning specified in the Fee Letter.

Purchase Price Differential means, with respect to any Purchased Asset as of any date of determination, the amount equal to the product of (a) the applicable Pricing Rate for such Purchased Asset and (b) the daily outstanding Purchase Price of such Purchased Asset, calculated on the basis of a 360-day year and the actual number of days during the period commencing on (and including) the Purchase Date for such Purchased Asset and ending on (but excluding) the related Repurchase Date (or such later date on which the Purchased Asset is actually repurchased) for such Purchased Asset (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset) and shall be payable in arrears monthly on each Remittance Date or the applicable Repurchase Date, whichever is earlier.

Examples of Purchase Price Differential in a sentence

• The difference between the Initial Purchase Price and the Potential Purchase Price (the "Purchase Price Differential") is set forth on Exhibit 2(c).

• The Purchase Price Differential on LIBOR Transactions is determined by reference to LIBOR, which is derived from the London interbank offered rate.

• Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two (2) times during any twelve (12) month period Seller may cure such failure within two (2) Business Days if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller to make such payment when due.

• Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided, however, no more than two (2) times during any twelve (12) month period Seller may cure such failure within one (1) Business Day if such failure arose solely by reason of an error or omission of an administrative or operational nature and funds were available to Seller to enable it to make such payment when due.

• The sum of (A) the aggregate unpaid Purchase Price for all prior outstanding Transactions (excluding accrued and unpaid Purchase Price Differential for the then current Pricing Rate Period) and (B) the requested Purchase Price for the pending Transaction shall not exceed an amount equal to the Maximum Facility Purchase Price.

More Definitions of Purchase Price Differential

Purchase Price Differential means, with respect to any Purchased Asset as of any date of determination, the amount equal to the product of (a) the applicable Pricing Rate for such Purchased Asset and (b) the daily outstanding Purchase Price of such Purchased Asset, calculated on the basis of a 360-day year and the actual number of days during the period commencing on (and including) the Purchase Date for such Purchased Asset and ending on (but excluding) the Repurchase Date (or such later date on which the Purchased Asset is actually repurchased) for such Purchased Asset (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset).

Purchase Price Differential means, with respect to any Purchased Asset as of any date, the amount equal to the product of (a) the applicable Pricing Rate for such Purchased Asset and (b) the average outstanding Purchase Price of such Purchased Asset, calculated on the basis of a 360-day year and the actual number of days during the period commencing on (and including) the Purchase Date for such Purchased Asset and ending on (but excluding) the Repurchase Date for such Purchased Asset (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset).

Purchase Price Differential is defined in Section 1.6(h)(iii).

Purchase Price Differential shall have the meaning specified in the Fee Letter. “Purchase Price LTV” shall have the meaning specified in the Fee Letter. “Purchase Price Percentage” shall have the meaning specified in the Fee Letter.

Purchase Price Differential has the meaning set forth in Paragraph 1.

Purchase Price Differential means the sum of [ * ] being the difference between the Route 360-3 Purchase Price and the Non-FOTS Purchase Price.

Purchase Price Differential means, with respect to any Purchased Asset as of any date of determination, the amount equal to the product of (a) a per annum rate equal to one-month LIBOR plus the applicable Spread Pricing Rate for such Purchased Asset and (iib) the daily outstanding Purchase Price forof such Purchased Asset or Transaction,, calculated on the basis of a 360-day year and the actual number of days during the period commencing on (and including) the related purchase date Purchase Date for such Purchased Asset and ending on (but excluding) the related Repurchase Date, (or such later date on which the Purchased Asset is actually repurchased) for such Purchased Asset (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset) and shall be, payable in arrears monthly on each Remittance Date, or at maturity or the applicable Repurchase Date, whichever is earlier.