Common use of Determination of Sold Receivables Clause in Contracts

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.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Alpine Group Inc /De/), Receivables Sale Agreement (Superior Telecom Inc)

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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 Buyersold immediately upon its creation, 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 sold to Buyer (each such Receivable identified for sale sold immediately upon its creation 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.

Appears in 2 contracts

Samples: Receivables Sale and Servicing Agreement (Cumulus Media Inc), Receivables Sale and Servicing Agreement (Vertis Inc)

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 the Buyer in accordance with Section 2.01(d), ) such Receivables shall shall, be identified --------------- for sale to the 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Imperial Sugar Co /New/)

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Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables then owned by each Originator (other than the MemberAK Steel) and not previously acquired by Buyer shall be identified for sale to Buyer, and (ii) to the extent Receivables then owned by the Member AK Steel 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.

Appears in 1 contract

Samples: Originator Support Agreement (Ak Steel Holding Corp)

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