Common use of Receivables Transfers Clause in Contracts

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the Member, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a "Transfer Date") all Receivables owned by it on each such Transfer Date, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "Receivables Assignment," and collectively, the "Receivables Assignments"), and each Originator and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the Member, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a "“Transfer Date"”) all Receivables owned by it on each such Transfer Date, and Buyer agrees Receivables Sale and Servicing Agreement to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "“Receivables Assignment," ” and collectively, the "“Receivables Assignments"”), and each Originator and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the Member, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter until the Commitment Termination Date (each such date, a "“Transfer Date"”) all Receivables owned by it on each such Transfer Date, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "“Receivables Assignment," ” and collectively, the "“Receivables Assignments"”), and each Originator and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the MemberParent, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a "“Transfer Date"”) all Receivables owned by it on each such Transfer DateDate other than the Excluded Receivables, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "“Receivables Assignment," ” and collectively, the "“Receivables Assignments"”), and each Originator and Buyer shall execute have executed and deliver delivered a Receivables Assignment on or before the Effective Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the MemberAK Steel, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a "“Transfer Date"”) all Receivables owned by it on each such Transfer Date, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "“Receivables Assignment," ” and collectively, the "“Receivables Assignments"”), and each Originator and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the MemberParent, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a "“Transfer Date"”) all Receivables owned by it on each such Transfer DateDate other than the Excluded Receivables, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a "“Receivables Assignment," ” and collectively, the "“Receivables Assignments"”), and each Originator and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Date.