Express Intent. It is the express intention of the parties hereto that each transfer of Sold Receivables from an Originator to the Buyer is, and shall be construed as, a purchase by the Buyer and the sale by the applicable Originator of such Sold Receivables, and that each transfer of Contributed Receivables from Parent to the Buyer is, and shall be construed as, a capital contribution of such Contributed Receivables, and, in each case, not a loan or other transaction.
Appears in 4 contracts
Samples: Funding Agreement (Td Synnex Corp), Funding Agreement (Td Synnex Corp), Receivables Sale and Servicing Agreement (Td Synnex Corp)
