Common use of Consummation of Sale and Purchase Clause in Contracts

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s receipt from SLC of the related Xxxx of Sale, (ii) the payment by SLC Receivables to SLC of the Initial Payment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx of Sale. SLC and SLC Receivables shall use their best efforts to perform promptly their respective obligations pursuant to such Purchase Agreement with respect to each Loan.

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s 's receipt from SLC of the related Xxxx Bill of Sale, (ii) the payment by SLC Receivables to SLC of the Initial Initxxx Payment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx Bill of Sale. SLC and SLC Receivables shall use their best efforts to perform tx xxrform promptly their respective obligations pursuant to such Purchase Agreement with respect to each Loan.

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s 's receipt from SLC of the related Xxxx Bill of Sale, (ii) the payment by SLC Receivables to SLC of the Initial thx Xxitial Payment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx Bill of Sale. SLC and SLC Receivables shall use their best efforts effxxxx to perform promptly their respective obligations pursuant to such Purchase Agreement with respect to each Loan.

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s ' s receipt from SLC of the related Xxxx Bill of Sale, (ii) the payment by SLC Receivables to SLC of the Initial Initxxx Payment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx Bill of Sale. SLC and SLC Receivables shall use their best efforts to perform tx xxrform promptly their respective obligations pursuant to such Purchase Agreement with respect to each Loan.

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s 's receipt from SLC of the related Xxxx Bill of Sale, (ii) the payment by SLC Receivables to SLC of the Initial Payment Initixx Xayment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx Bill of Sale. SLC and SLC Receivables shall use their best efforts to perform xxxform promptly their respective obligations pursuant to such Purchase Agreement with respect to each Loan.

Consummation of Sale and Purchase. The sale and purchase of Eligible Loans pursuant to the Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) SLC Receivables’s receipt from SLC of the related Xxxx of Sale, (ii) the payment by SLC Receivables to SLC of the Initial Payment and (iii) the assignment to SLC of the Trust Certificate. Upon consummation, such sale and purchase shall be effective as of the date of the Xxxx of Sale. SLC and SLC Receivables shall use their best efforts to perform promptly their respective obligations pursuant to such Purchase Agreement with respect to each LoanAgreement.