General Terms; Intent of the Parties. (a) On each Purchase Date, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, each Originator does hereby sell to the Purchaser, without recourse (except to the extent expressly provided herein), and the Purchaser does hereby purchase from such Originator, all of such Originator’s right, title and interest in and to the Receivables originated by such Originator, the Related Security, Collections and all Proceeds of each of the foregoing (other than any such assets contributed to the Purchaser pursuant to Section 2.01(d) below), in each case, whether now existing or hereafter arising or acquired.
General Terms; Intent of the Parties. (a) Each Seller hereby sells, transfers and assigns, without recourse (except as expressly provided herein) to the Buyer, on the terms and subject to the conditions specifically set forth herein, all of such Seller’s right, title and interest in, to and under all Receivables existing at the opening of business on the Cut-Off Date and thereafter created from time to time until the Purchase Termination Date, all Related Security and Collections with respect thereto and all proceeds of the foregoing, together with all such Seller’s rights, remedies, powers and privileges with respect to such Receivables.
General Terms; Intent of the Parties. (a) Each Quaternary Originator hereby sells, transfers, and assigns and/or Distributes (at the election of the applicable Quaternary Originator), without recourse (except as expressly provided herein) to its Parent, on the terms and subject to the conditions specifically set forth herein, all of such Quaternary Originator’s right, title and interest, now owned or hereafter acquired, in, to and under (i) all Receivables owned by it and existing on the Effective Date (including those reconveyed to it under the Termination Agreement) and thereafter originated by it from time to time until the Purchase Termination Date, (ii) all Related Security with respect thereto, (iii) all Collections with respect thereto, (iv) all cash and non-cash proceeds of the foregoing (other than proceeds representing the Purchase Price therefor paid hereunder), (v) all Records (including electronic records) evidencing or relating to the Receivables and (vi) all such Quaternary Originator’s rights, remedies, powers and privileges with respect to such Receivables.
General Terms; Intent of the Parties. (a) On each Purchase Date, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, the Seller does hereby sell to the Purchaser, without recourse (except to the extent expressly provided herein), and the Purchaser does hereby purchase from the Seller, all of the Seller’s right, title and interest in and to the Receivables, the Related Security, Collections and all Proceeds of each of the foregoing (other than any such assets contributed to Buyer pursuant to Section 2.01(d) below), in each case, whether now existing or hereafter arising or acquired.
General Terms; Intent of the Parties. (a) The Originator hereby sells, transfers and assigns, without recourse (except as expressly provided herein) to the Buyer, on the terms and subject to the conditions specifically set forth herein, on the Closing Date and on each Business thereafter until the Purchase Termination Date, all of the Originator’s right, title and interest, now owned or hereafter acquired, in, to and under (i) all Receivables in existence on such date which were originated at least the Requisite Days prior to such date, (ii) all Related Security, and (iii) all Collections existing on such date or thereafter arising (collectively, the “Purchased Assets”).
