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 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 date of determination (reduced by any amount of such Purchase Price Differential previously paid by Seller to Purchaser with respect to such Purchased Asset).
Examples of Purchase Price Differential in a sentence
The sum of (A) the aggregate unpaid Repurchase Price for all outstanding Transactions (excluding accrued and unpaid Purchase Price Differential for the then current Pricing Rate Period), (B) the requested Purchase Price for the pending Transaction and (C) the outstanding Limited Crossed Purchase Price pursuant to each applicable Limited Crossed Repurchase Agreement shall not exceed an amount equal the Maximum Facility Purchase Price.
Purchaser shall fail to receive on any Remittance Date the accrued and unpaid Purchase Price Differential; provided that if the failure to pay is due to an Account Bank or Servicer administrative error that is curable, Seller shall have three (3) Business Days to cure or caused to be cured such failure to pay.
More Definitions of Purchase Price Differential
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.
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, with respect to any Transaction for which the Applicable Currency is (i) U.S. Dollars, a 360-day year, (ii) Pound Sterling or Australian Dollars, a 365-day year, (iii) Euros or Swedish Krona, a 360-day year and (iv) otherwise, as set forth in the related Confirmation and, in each case, the actual number of days during the period commencing on (and including) the Purchase Date for such Purchased Asset and ending on the date of determination (reduced by any amount of such Purchase Price Differential previously paid by the related Seller to the related Purchaser with respect to such Purchased Asset). Purchase Price Differential shall be payable in the Applicable Currency of the Purchase Price of the applicable Purchased Asset. For the avoidance of doubt, to the extent that there is more than one Pricing Rate Determination Date for any Transaction and Pricing Rate Period, unless otherwise specified in the related Confirmation, from and after the occurrence of any subsequent Pricing Rate Determination Date for such Transaction and Pricing Rate Period and until the earlier of (x) the end of such Pricing Rate Period or (y) the occurrence of a new Pricing Rate Determination Date with respect to such Transaction and Pricing Rate Period, the Purchase Price Differential shall accrue at the Pricing Rate determined as of such subsequent Pricing Rate Determination Date as if such subsequent Pricing Rate Determination Date was a date of determination. Article 3(j)(viii) of the Existing Repurchase Agreement is hereby amended and restated as follows: each Noteholder (including, without limitation, holder of a Class B Note) has funded its respective share of the related Purchase Price increase, where that share is greater than zero, in accordance with the UK Transaction Documents; and