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) 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 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 contribute to Buyer on the Effective Closing Date and on each Business Day thereafter until the occurrence of the Facility 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 Each such Transfers by an Originator to Buyer Transfer 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 Closing Date.

Receivables Transfers. Subject to the terms and conditions hereof, each Originator the Parent agrees to sell (without recourse except to the limited extent specifically provided herein) or contribute to Buyer on the Effective Closing 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 Each such Transfers by an Originator to Buyer Transfer 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 the Parent and Buyer shall execute and deliver a Receivables Assignment on or before the Effective Closing Date.