Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables other than the Excluded Receivables then owned by each Originator (other than the Parent) and not previously acquired by Buyer shall be sold immediately upon its creation, and (ii) to the extent Receivables then owned by the Parent other than the Excluded Receivables have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables shall be sold to Buyer (each such Receivable sold immediately upon its creation pursuant to clauses (i) and (ii) above, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables then owned by each Originator (other than the Member) and not previously acquired by Buyer shall be identified for sale to Buyer, and (ii) to the extent Receivables then owned by the Member have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables shall be identified for sale to Buyer (each such Receivable identified for sale pursuant to clauses (i) and (ii) above, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each Originator.
Determination of Sold Receivables. On and as of each Transfer Date, each Receivable then owned by each Originator and not previously acquired by Buyer shall be sold immediately upon its creation (each such Receivable sold immediately upon its creation pursuant to clauses (i) and (ii) above, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
Determination of Sold Receivables. It is understood and agreed that each Transfer of a Receivable on a Transfer Date subsequent to the Closing Date shall occur immediately upon creation of such Receivable. On and as of each Transfer Date, all Receivables owned by each of the Originators and not previously acquired by Buyer shall be identified for sale to Buyer such that the Sale Price to be paid by Buyer therefor does not exceed the amount of cash available to Buyer for the payment thereof (each such Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each of the Originators.
Determination of Sold Receivables. On and as of each Transfer Date, all Receivables owned by the Parent and not previously acquired by Buyer shall be identified for sale to Buyer such that the Sale Price to be paid by Buyer therefor does not exceed the amount of cash available to Buyer for the payment thereof (each such Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of the Parent.
Determination of Sold Receivables. On and as of each Transfer Date, those Approved Receivables sold to, and purchased by, CRLLC shall consist of (i) all Approved Receivables owned by each Restricted Originator and (ii) those Approved Receivables owned by each Stockholder Originator and identified by the Servicer for sale to CRLLC (each such Receivable individually, a "Sold Receivable," and collectively, the "Sold Receivables"). The Sale Price of all Sold Receivables shall not exceed the amount of cash available to CRLLC for the payment thereof.
Determination of Sold Receivables. On and as of each Originator Transfer Date (except for the initial Originator Transfer Date), all Receivables owned by the Originator and not previously acquired by Buyer shall be identified for sale to Buyer such that the Originator Sale Price to be paid by Buyer therefor does not exceed the sum of (i) the amount of cash available to Buyer for the payment thereof and (ii) the proceeds of a Subordinated Originator Loan (as defined below) (each such Receivable identified for sale, individually, an "Originator Sold Receivable" and, collectively, the "Originator Sold Receivables").
Determination of Sold Receivables. On and as of each Transfer --------------------------------- Date, those Receivables sold to, and purchased by, GFC shall consist of those Receivables owned by the CGS Originator and identified by the Servicer for sale to GFC (each such Receivable individually, a "Sold Receivable," and --------------- collectively, the "Sold Receivables") such that the Sale Price of all Sold ---------------- Receivables shall not exceed the amount of cash available to GFC for the payment thereof.
Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables and other Receivable Assets owned by each Originator (other than Xxxxxx Micro) as of the close of business on the immediately preceding Business Day and not previously acquired by Buyer shall be identified for sale to Buyer, and (ii) to the extent Receivables and other Receivable Assets owned by Xxxxxx Micro as of the close of business on the immediately preceding Business Day have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables and other Receivable Assets shall be identified for sale to Buyer (each such Receivable identified for sale pursuant to clauses (i) and (ii) above, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each Originator.
Determination of Sold Receivables. On and as of each Transfer Date, all Approved Receivables owned by the Originator and not previously acquired by SFC shall be identified for sale to SFC such that the Sale Price to be paid by SFC therefor does not exceed the amount of cash available to SFC for the payment thereof and other funds available from the making of Subordinated Loans pursuant to Section 2.01(c) below (each such Receivable identified for sale individually, a “Sold Receivable,” and collectively, the “Sold Receivables”). The Sold Receivables will be identified by reference to the General Trial Balance of the Originator.
