Eligibility of Receivables. Unless otherwise identified to the Company on the date of the purchase hereunder, each Receivable purchased hereunder is on the date of purchase an Eligible Receivable and, so long as the Originator is the Servicer, each Pool Receivable included as an Eligible Receivable in the calculation of Net Receivables Pool Balance is an Eligible Receivable as of the date of such calculation.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Adesa California, LLC), Purchase and Sale Agreement (Adesa Inc), Purchase and Sale Agreement (Allete Inc)
Eligibility of Receivables. Unless otherwise identified to the Company on the date of the purchase hereunder, each Receivable purchased hereunder is on the date of purchase an Eligible Receivable and, so long as the Originator Union is the Servicer, each Pool Receivable included as an Eligible Receivable in the calculation of Net Receivables Pool Balance is shall be an Eligible Receivable as of the date of such calculation.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Fruit of the Loom Inc /De/)
Eligibility of Receivables. Unless otherwise identified to the Company on the date of the purchase or contribution hereunder, each Receivable purchased or contributed hereunder is on the date of purchase or contribution an Eligible Receivable and, so long as the Originator is the Servicer, each Pool Receivable included as an Eligible Receivable in the calculation of Net Receivables Pool Balance is an Eligible Receivable as of the date of such calculation.
Appears in 1 contract
