We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Determination of Sold Receivables Clause in Contracts

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”).

Appears in 7 contracts

Samples: Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Funding and Administration Agreement (Td Synnex Corp)

AutoNDA by SimpleDocs

Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables other than the Excluded Receivables each Receivable then owned by each Originator (other than the ParentMember) and not previously acquired by the Buyer shall be and is hereby sold immediately upon its creation, and (ii) to the extent Receivables a Receivable then owned by the Parent other than the Excluded Receivables have Member has not been contributed to the Buyer in accordance with Section 2.01(d), such Receivables Receivable shall be and is hereby sold to the 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”).

Appears in 1 contract

Samples: Receivables Sale and Servicing Agreement (Ryerson Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!