Common use of Ownership of Receivables and Related Security Clause in Contracts

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 6 contracts

Samples: Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD), Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD), Initial Purchase and Contribution Agreement (Ingersoll Rand Co LTD)

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Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller Sellers as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 5 contracts

Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/), Receivables Purchase Agreement (Ferro Corp), Purchase and Contribution Agreement (Ferro Corp)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated acquired by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 5 contracts

Samples: Tertiary Purchase Agreement, Secondary Purchase Agreement (Ingersoll Rand Co LTD), Tertiary Purchase Agreement (Ingersoll Rand Co LTD)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated sold by the Seller pursuant to this Agreement as of such date (including outstanding Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security Security, Collections and proceeds with respect to such Sold Receivable.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Alliance One International, Inc.), Receivables Purchase Agreement (Alliance One International, Inc.)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and including any contribution of ReceivablesReceivables pursuant to Section 2.06) on such date, the Purchaser Buyer shall own all Receivables originated by the Seller as of Originator on or prior to such date (including Receivables which have been previously sold or contributed to the Purchaser Buyer hereunder). The Purchase or contribution of any Receivable shall include , together with all Related Security with respect to such Receivablethereto.

Appears in 2 contracts

Samples: Receivables Purchase and Contribution Agreement (Medco Health Solutions Inc), Receivables Purchase and Contribution Agreement (Medco Health Solutions Inc)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller Sellers as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Purchase Agreement (Ferro Corp), Purchase Agreement (Ferro Corp)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller Sellers as of such date (including Receivables which have been previously sold sold, transferred, assigned or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (AbitibiBowater Inc.), Purchase and Contribution Agreement (AbitibiBowater Inc.)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated or otherwise acquired by the Seller as of on such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Northern Indiana Public Service Co), Receivables Sale Agreement (Columbia Energy Group)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated or acquired by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Secondary Purchase and Contribution Agreement (Ingersoll Rand Co LTD), Secondary Purchase and Contribution Agreement (Ingersoll Rand Co LTD)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of ReceivablesReceivables pursuant to Section 2.06) on such date, the Purchaser shall own all Receivables originated by the applicable Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution Contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Herc Holdings Inc), Purchase and Contribution Agreement (Herc Holdings Inc)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller (or originated by FPL or Ferro Color and acquired by the Seller) as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Ferro Corp), Purchase and Contribution Agreement (Ferro Corp)

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Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the each Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 1 contract

Samples: Execution Copy Purchase and Contribution Agreement (North Atlantic Energy Corp /Nh)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable. SECTION 2.03.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Dal Tile International Inc)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by of the Seller Sellers as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security and Collections with respect to such Receivable.

Appears in 1 contract

Samples: Purchase Agreement (BRP Japan Co. Ltd.)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller, EDS or the Seller and EDS jointly, as the case may be, as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Electronic Data Systems Corp /De/)

Ownership of Receivables and Related Security. On each Purchase DateDate (including the date of the Initial Purchase), after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder)Transferred Receivables. The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 1 contract

Samples: Purchase Agreement (Response Usa Inc)

Ownership of Receivables and Related Security. On each Purchase Date, after giving effect to the Purchase (and any contribution of Receivables) on such date, the Purchaser shall own all Receivables originated by the Seller Sellers as of such date (including Receivables which have been previously sold or contributed to the Purchaser hereunder) other than Receivables repurchased pursuant to Section 2.04(b). The Purchase or contribution of any Receivable shall include all Related Security with respect to such Receivable.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Olin Corp)

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