All Transfers. Each Transfer shall constitute a purchase of an ------------- undivided percentage ownership interest in the Receivables then existing and which arises at any time after the date of such Transfer. The Company's aggregate undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto shall equal the Percentage Factor in effect from time to time.
Appears in 2 contracts
Samples: Transfer and Administration Agreement (Safeguard Scientifics Inc Et Al), Transfer and Administration Agreement (Compucom Systems Inc)
All Transfers. Each Transfer shall constitute a purchase of an ------------- undivided percentage ownership interest interests in the Receivables Transferred Receivables, together with Related Security, Collections and Proceeds with respect thereto, then existing existing, as well as in all Receivables, together with Related Security, Collections and which arises Proceeds with respect thereto, transferred at any time after the date of such Transfer. The Company's aggregate undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto shall equal the Percentage Factor in effect from time to time.
Appears in 1 contract
Samples: Transfer and Administration Agreement (Metris Companies Inc)
All Transfers. Each Transfer shall constitute a purchase of an undivided ------------- undivided percentage ownership interest interests in the Receivables Transferred Receivables, together with Related Security, Collections and Proceeds with respect thereto, then existing existing, as well as in all Receivables, together with Related Security, Collections and which arises Proceeds with respect thereto, transferred at any time after the date of such Transfer. The Company's aggregate undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto shall equal the Percentage Factor in effect from time to time.
Appears in 1 contract
Samples: Transfer and Administration Agreement (Metris Companies Inc)