In consideration for the Purchased Property, the Depositor will pay to the Sponsor $1,560,436,516.75 on the Closing Date.  The Depositor and the Sponsor each represents and warrants to the other that the amount paid by the Depositor on the Closing Date, together with the increase in the value of the Sponsor’s capital in the Depositor, is equal to the fair market value of the Receivables and the other Purchased Property.
payment of purchase price