Common use of Purchase of Receivables Clause in Contracts

Purchase of Receivables. (a) Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly provided herein), and Buyer does hereby purchase from Originator, all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer shall acquire all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.

Purchase of Receivables. (a) Effective on the date hereof, in consideration for the Purchase Price and upon on the terms and subject to the conditions set forth herein, Originator in this Agreement and in consideration for the Purchase Price does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, Buyer without recourse (except to the extent expressly provided herein), ) and the Buyer does hereby purchase from Originator, all of Originator's right, title and interest in and to all all: (i) Receivables existing as of the close of business on the Business Day immediately prior to the date hereof (the "Initial Cut-Off Date"), together with the Related Security and Collections with respect thereto and (ii) all Receivables thereafter arising through and including the Termination Date, Date together, in each case, with all the Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer shall acquire all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof Initial Cut-Off Date and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.

Purchase of Receivables. (a) Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, Originator each Original Seller does hereby sell, assign, transfer, set-over and otherwise convey to BuyerOriginator, without recourse (except to the extent expressly provided herein), and Buyer Originator does hereby purchase from Originatoreach Original Seller, all of Originatorsuch Original Seller's right, title and interest in and to all of such Original Seller's Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer Originator shall acquire all of Originatorsuch Original Seller's right, title and interest in and to all of such Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Buyer Originator shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.for

Purchase of Receivables. (a) On the Effective on the date hereof, Date in consideration for the Purchase Price therefor and upon the terms and subject to the conditions set forth herein, each Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly provided herein), and Buyer does hereby purchase from such Originator, all of such Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof Effective Date (the "Initial Cutoff Date") and all Receivables thereafter arising through and including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Effective Date Buyer shall acquire all of such Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof Initial Cutoff Date and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.

Purchase of Receivables. (a) Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly provided herein), and Buyer does hereby purchase from Originator, all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Amortization Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer shall acquire all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Amortization Date, together with all Related Security relating thereto and all Collections thereof. ; provided, that, Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder therefor in accordance with Section 1.

Purchase of Receivables. (a) Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, each Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly provided herein), and Buyer does hereby purchase from each Originator, all of such Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Amortization Date, together, in each case, with all Related Security Security, Lock-Boxes and Collection Accounts relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer shall acquire all of each such Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Amortization Date, together with all Related Security relating thereto and all Collections thereof. ; provided, that, Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder therefor in -------- accordance with Section 1.Section