Common use of Reassignment of Repurchased Receivables Clause in Contracts

Reassignment of Repurchased Receivables. Upon receipt of the purchase price of the Participation Interest pursuant to Section 7.02 hereof, the Buyer shall reassign to the Seller the Buyer's Participation Interest in the Purchased Receivables, without recourse, representation or warranty (except for the warranty that upon the reassignment to the Seller of the Buyer's Participation Interest in such Purchased Receivables, no Lien created by the Buyer will affect the Purchased Receivables).

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Volt Information Sciences Inc), Receivables Purchase Agreement (Exide Corp)

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Reassignment of Repurchased Receivables. Upon receipt of the --------------------------------------- purchase price of the Participation Interest pursuant to Section 7.02 hereof, the Buyer shall reassign to the Seller the Buyer's Participation Interest in the Purchased Receivables, without recourse, representation or warranty (except for the warranty that upon the reassignment to the Seller of the Buyer's Participation Interest in such Purchased Receivables, no Lien created by the Buyer will affect the Purchased Receivables).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exide Corp)

Reassignment of Repurchased Receivables. Upon receipt of the purchase price of the Participation Interest Interests pursuant to Section 7.02 hereof, the Buyer Buyers shall reassign to the Seller the such Buyer's Participation Interest in the Purchased Receivables, without recourse, representation or warranty (except for the warranty that upon the reassignment to the Seller of the such Buyer's Participation Interest in such Purchased Receivables, no Lien created by the such Buyer will affect the Purchased Receivables).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Volt Information Sciences, Inc.)

Reassignment of Repurchased Receivables. Upon receipt of the purchase price of the a Participation Interest pursuant to Section 7.02 hereof, the each Buyer shall reassign to the Seller the such Buyer's Participation Interest in the Purchased Receivables, without recourse, representation or warranty (except for the warranty that upon the reassignment to the Seller of the such Buyer's Participation Interest in such Purchased Receivables, no Lien created by the such Buyer will affect the Purchased Receivables).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

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Reassignment of Repurchased Receivables. Upon receipt of the purchase price of the a Participation Interest pursuant to Section 7.02 hereof, the each Buyer shall reassign to the Seller the such Buyer's ’s Participation Interest in the Purchased Receivables, without recourse, representation or warranty (except for the warranty that upon the reassignment to the Seller of the such Buyer's ’s Participation Interest in such Purchased Receivables, no Lien created by the such Buyer will affect the Purchased Receivables).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

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