Common use of Purchase and Sale of Residuals Clause in Contracts

Purchase and Sale of Residuals. Subject to the terms and conditions of this Agreement, concurrently with the execution of this Agreement (the “Closing”), Seller shall sell, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Seller, all of Seller’s right, title and interest in and to (a) [***] of the Residuals received each month [***] that are attributable to the Merchants and Merchant agreements set forth on the attached Exhibit F and identified by MID (all such Merchant MIDs collectively referred to herein as the “Sold Merchants”), and (b) all contracts, records and other documents in any form, whether hard copy, resident on computers, or otherwise, in the possession or under the control of Seller relating to the Sold Merchants (collectively, together with all Residuals attributable to the Sold Merchants, the “Purchased Residuals”). Purchaser shall receive the payment for the Purchased Residuals beginning with the payment made in the month of January, 2011.

Purchase and Sale of Residuals. Subject to the terms and conditions of this Agreement, concurrently with following the execution of this Agreement and upon satisfaction of all conditions to closing of the transactions contemplated hereunder (the “Closing”), Seller shall sell, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Seller, all of Seller’s right, title and interest in and to (a) [*** * *] of the Residuals received each month [*** * *] that are attributable to the Merchants merchants and Merchant merchant agreements set forth on the attached Exhibit F and identified by MID MID, (all such Merchant MIDs collectively referred to herein as as, the “Sold Merchants”), and (b) all contracts, records and other documents in any form, whether hard copy, resident on computers, or otherwise, in the possession or under the control of Seller relating to the Sold Merchants (collectively, together with all Residuals attributable to the Sold Merchants, the “Purchased Residuals”). Purchaser shall receive the payment for the Purchased Residuals beginning with the payment made in the month of JanuaryDecember, 20112010.

Purchase and Sale of Residuals. Subject to the terms and conditions of this Agreement, concurrently with the execution of this Agreement (the “Closing”), Seller shall sell, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Seller, all of Seller’s right, title and interest in and to (a) [*** * *] of the Residuals received each month [*** * *] that are attributable to the Merchants and Merchant agreements set forth on the attached Exhibit F and identified by MID (all such Merchant MIDs collectively referred to herein as the “Sold Merchants”), [* * *], and (b) all contracts, records and other documents in any form, whether hard copy, resident on computers, or otherwise, in the possession or under the control of Seller relating to the Sold Merchants (collectively, together with all Residuals attributable to the Sold Merchants, the “Purchased Residuals”). Purchaser shall receive the payment for the Purchased Residuals beginning with the payment made in the month of January, January 2011.

Purchase and Sale of Residuals. Subject to the terms and conditions of this Agreement, concurrently with following the execution of this Agreement and upon satisfaction of all conditions to closing of the transactions contemplated hereunder (the “Closing”), Seller shall sell, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Seller, all of Seller’s right, title and interest in and to (a) [*** * *] of the Residuals received each month [*** * *] that are attributable to the Merchants merchants and Merchant merchant agreements set forth on the attached Exhibit F and identified by MID MID, (all such Merchant MIDs collectively referred to herein as as, the “Sold Merchants”), and (b) all contracts, records and other documents in any form, whether hard copy, resident on computers, or otherwise, in the possession or under the control of Seller relating to the Sold Merchants (collectively, together with all Residuals attributable to the Sold Merchants, the “Purchased Residuals”). Purchaser shall receive the payment for the Purchased Residuals beginning with the payment made in the month of January, January 2011.