Nature of Sold Receivables. Each Sold Receivable will be an Eligible Receivable on the date on which it is sold or contributed to the SPV hereunder. As of the date a Sold Receivable was sold or contributed hereunder, the Originator has no knowledge of any fact that would cause it or should have caused it to expect any payments on such Sold Receivable will not be paid in full when due or that is reasonably likely to cause or result in any Material Adverse Effect in respect of such Sold Receivable.
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Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)
Nature of Sold Receivables. Each Sold Receivable will be an Eligible Receivable on the date on which it is sold or contributed to the U.S. SPV hereunder. As of the date a Sold Receivable was sold or contributed hereunder, the U.S. Originator has no knowledge of any fact that would cause it or should have caused it to expect any payments on such Sold Receivable will not be paid in full when due or that is reasonably likely to cause or result in any Material Adverse Effect in respect of such Sold Receivable.
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