Contribution of Receivables. (a) ICP hereby transfers to ICPPC, as a contribution to the capital of ICPPC, all its right, title and interest in, to and under:
(i) $1,017,156,.79 of Receivables of ICP having, among the existing Receivables, the oldest invoice dates as of the closing of ICP's business on the Initial Cut-Off Date (the "Contributed ICPPC Initial Receivables"),
(ii) all Related Security with respect to the Contributed ICPPC Initial Receivables,
(iii) all proceeds of the foregoing, including all funds received by any Person in payment of any amounts owed (including invoice prices, finance charges, interest and all other charges, if any) in respect of any Contributed ICPPC Initial Receivable or Related Security with respect to any such Contributed ICPPC Initial Receivable, or otherwise applied to repay or discharge any such Contributed ICPPC Initial Receivable (including insurance payments that ICP or the Servicer applies in the ordinary course of its business to amounts owed in respect of any such Contributed ICPPC Initial Receivable and net proceeds of any sale or other disposition or repossessed goods that were the subject of any such Contributed ICPPC Initial Receivable) or other collateral or property of any Obligor or any other party directly or indirectly liable for payment of such Contributed ICPPC Initial Receivables, and
(iv) all Records relating to any of the foregoing (the items listed above in clauses (ii), (iii) and (iv) being referred to herein as the "Related Contributed ICPPC Initial Assets").
(b) ICPPC hereby transfers to Buyer, as a contribution to the capital of Buyer, all its right, title and interest in, to and under the Contributed ICPPC Initial Receivables and the Related Contributed ICPPC Initial Assets.
(c) ICP hereby transfers to Buyer, as a contribution to the capital of Buyer, all its right, title and interest in, to and under:
(i) $54,926,466.85 of Receivables of ICP having, among the existing Receivables (other than the Contributed ICPPC Initial Receivables), the oldest invoice dates as of the closing of ICP's business on the Initial Cut-Off Date (the "Contributed ICP Initial Receivables," and collectively with the Contributed ICPPC Initial Receivables, the "Contributed Initial Receivables"),
(ii) all Related Security with respect to the Contributed ICP Initial Receivables,
(iii) all proceeds of the foregoing, including all funds received by any Person in payment of any amounts owed (including invoice prices, finance charges, interest and all o...
Contribution of Receivables. 8 3.8 Reconveyance of Receivables................................. 8 ARTICLE IV CONDITIONS TO PURCHASES 4.1 Conditions Precedent to Initial Purchase.................... 8 4.2 Certification as to Representations and Warranties.......... 10 4.3 Effect of Payment of Purchase Price......................... 10 TABLE OF CONTENTS (CONTINUED) PAGE ARTICLE V REPRESENTATIONS AND WARRANTIES
Contribution of Receivables. On the Closing Date, KBK shall, and hereby does, contribute to the capital of the Initial Purchaser, Receivables and Related Assets with respect thereto consisting of Receivables of KBK that existed on the Initial Cut-Off Date, beginning with the oldest of such Receivables and continuing chronologically thereafter, and all or an undivided interest in the most recent of such Contributed Receivables such that the aggregate Unpaid Balance of all such Contributed Receivables shall be equal to $5,000,000.
Contribution of Receivables. 2 2.01 Contribution of Receivables............................................... 2
Contribution of Receivables. (a) On the Execution Date, the Contributor shall pay to the Company U.S. $100.00 in consideration for the option to exercise its rights under this Agreement, which option shall, if not exercised, expire 30 days after the Execution Date. The Contributor may exercise its rights hereunder, subject to the terms and conditions of this Agreement, by paying an additional U.S. $100.00 to the Company on the Closing Date or any day thereafter (the date on which such additional US $100 is paid being the "Initial Contribution Date"). On the Initial Contribution Date and on any Business Day thereafter, the Contributor shall contribute, transfer, assign, and convey, without recourse (except as expressly provided herein), to the Company as a capital contribution to the Company (which the Company shall accept), all of its present and future right, title and interest in, to and under:
(i) all Eligible Receivables originated by the Contributor from time to time prior to but not including the date on which an Early Program Termination occurs, or an Early Originator Termination occurs with respect to the Contributor, pursuant to and as indicated in the Originator Daily Report (substantially in the form of Schedule 1 to this Agreement) and transmitted to the Master Servicer and included in the Daily Report generated by the Master Servicer and transmitted in accordance with the Transaction Documents electronically, or if electronic means are not immediately available, by telecopier, on the applicable date of contribution, (any such date a "Contribution Date") in which event such electronic copy to be provided as soon as possible thereafter;
(ii) all Eligible Receivables purchased by the Contributor from an Originator on the Contribution Date pursuant to the terms of an Origination Agreement from time to time prior to but not including the date on which an Early Originator Termination occurs pursuant to the related Origination Agreement, or an Early Program Termination occurs, and as indicated, for purposes of the relevant Receivables Purchase Agreement, in the Originator Daily Report prepared and/or transmitted in accordance with the terms of the relevant Receivables Purchase Agreement;
(iii) the Related Property;
(iv) all collections in respect of the Receivables;
(v) all rights (including rescission, replevin or reclamation) of the Contributor relating to any Receivable or arising therefrom; and
(vi) all rights of the Contributor under each of the Receivables Purchase Agreeme...
Contribution of Receivables. If at any time, the Parent will become a Seller under the Agreement, then the Parent may, in its sole discretion, from time to time, transfer to Buyer, as a contribution to the capital of Buyer, all its right, title and interest in, to and under:
(a) such Receivables of the Parent that the Parent may from time to time designate in a Periodic Report as part of a contribution to the capital of Buyer (collectively, the "Contributed Receivables"),
(b) all Related Security with respect to the Contributed Receivables,
(c) all Collections and other proceeds of the foregoing, including all funds received by any Person in payment of any amounts owed (including invoice prices, finance charges, interest and all other charges, if any other than sales tax) in respect of any Contributed Receivable, or Related Security with respect to any such Contributed Receivable, or otherwise applied to repay or discharge any such Contributed Receivable (including insurance payments that the Parent or the Initial Collection Agent applies in the ordinary course of its business to amounts owed in respect of any such Contributed Receivable and net proceeds of any sale or other disposition of repossessed goods that were the subject of any such Contributed Receivable) or other collateral or property of any Obligor or any other party directly or indirectly liable for payment of such Contributed Receivables, and
(d) all Records relating to any of the foregoing (the items listed above in clauses (b), (c) and (d) being referred to herein as the "Related Contributed Assets"). The value of the capital contribution attributable to each Contributed Receivable and its Related Contributed Assets shall be an aggregate amount equal to the Unpaid Balance of such Contributed Receivable as of the Cut-Off Date immediately preceding the applicable date of contribution (or, in the case of contributions deemed to occur pursuant to Section 3.1, equal to the portion of the Unpaid Balance of the Receivables so contributed).
Contribution of Receivables. On the Original Closing Date, the Originator contributed to the capital of the Company, Receivables and Related Rights with respect thereto consisting of each Receivable of the Originator that existed and was owing to the Originator on the Original Closing Date that as of such date was not an Eligible Receivable and Receivables that existed and were owing to the Originator on the Original Closing Date that as of such date were Eligible Receivables, beginning with the oldest of such Eligible Receivables and continuing chronologically thereafter, and all or an undivided interest in the most recent of such contributed Eligible Receivables such that the aggregate Outstanding Balance of all such contributed Receivables [ * ].
Contribution of Receivables. On the Closing Date, the Originator shall, and hereby does, contribute to the capital of the Company, Receivables and Related Rights with respect thereto consisting of each Receivable of the Originator that existed and was owing to the Originator on the Closing Date that as of such date was not an Eligible Receivable and Receivables that existed and were owing to the Originator on the Closing Date that as of such date were Eligible Receivables, beginning with the oldest of such Eligible Receivables and continuing chronologically thereafter, and all or an undivided interest in the most recent of such contributed Eligible Receivables such that the aggregate Outstanding Balance of all such contributed Receivables shall be equal to $1,000,000.
Contribution of Receivables. Effective as of the Closing Date, Originator hereby contributes to the capital of the Company, and the Company hereby accepts as a capital contribution from the Originator, Receivables and Related Rights consisting of each Receivable of Originator that existed and was owing to Originator on the Closing Date, such that the aggregate Outstanding Balance of all such contributed Receivables shall be equal to $100,000,000.
Contribution of Receivables. 3 2.2. The Closing...............................................................................................4
