Common use of Payment for the Purchases Clause in Contracts

Payment for the Purchases. (a) The Receivables in existence on the close of business on the Business Day immediately preceding the date hereof (the “Initial Cutoff Date”) are hereby contributed to Buyer by Originator on the date hereof. Each Receivable coming into existence after the Initial Cutoff Date, shall be sold to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable shall be due and owing in full by Buyer to Originator or its designee on such Business Day (except that Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by Originator to Buyer hereunder and which have become due but remain unpaid) and shall be paid to Originator in the manner provided in the following paragraphs (b), (c) and (d).

Payment for the Purchases. (a) The Receivables of the Originator in existence on the close of business on the Business Day immediately preceding the date hereof (the “Initial Cutoff Date”) Conveyance Date are hereby contributed sold (or contributed, as applicable) and assigned to the Buyer by the Originator on the date hereof. Each Receivable of the Originator coming into existence after the Initial Cutoff Conveyance Date, shall be sold or contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable shall be due and owing in full by Buyer to the Originator or its designee on such Business Day (except that the Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by the Originator to the Buyer hereunder and which have become due but remain unpaid) and shall be paid to the Originator in the manner provided in the following paragraphs (b), (c) and (dc).

Payment for the Purchases. (a) The Receivables of each Originator in existence on the close of business on the Business Day immediately preceding the date hereof (the “Initial Cutoff Date”) Conveyance Date are hereby contributed sold (or contributed, as applicable) and assigned to the Buyer by such Originator on the date hereof. Each Receivable of each Originator coming into existence after the Initial Cutoff Conveyance Date, shall be sold or (at the option of SPE Parent) contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable shall be due and owing in full by the Buyer to such Originator or its designee on such Business Day (except that the Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by such Originator to the Buyer hereunder and which have become due but remain unpaid) and shall be paid to such Originator in the manner provided in the following paragraphs (b), (c) and (dc).

Payment for the Purchases. (a) The Receivables of each Originator in existence on the close of business on the Business Day immediately preceding the date hereof (the “Initial Cutoff Date”) Conveyance Date are hereby contributed sold (or contributed, as applicable) and assigned to the Buyer by such Originator on the date hereof. Each Receivable of each Originator coming into existence after the Initial Cutoff Conveyance Date, shall be sold or (at the option of Davey Tree) contributed to the Buyer on the Business Day occurring immediately after the day such Receivable is originated and the Purchase Price for such Receivable shall be due and owing in full by the Buyer to such Originator or its designee on such Business Day (except that the Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by such Originator to the Buyer hereunder and which have become due but remain unpaid) and shall be paid to such Originator in the manner provided in the following paragraphs (b), (c) and (dc).