Common use of Closing Date Purchases Clause in Contracts

Closing Date Purchases. Each Originator's entire right, title and in (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Worthington Industries Inc), Purchase and Sale Agreement (York International Corp /De/)

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Closing Date Purchases. Each The Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such the Originator as at the Cut-off Date (other than Contributed Receivables, as defined in SECTION 1.1), (ii) all Receivables created by such the Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables)Date, and (iii) all Related Rights with in respect thereto of the foregoing automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/), Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atrium Companies Inc)

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Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator at as of the close of Originator's business on the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including after the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /De/)

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