Regular Purchases. After the Closing Date, each Receivable created or originated by each Originator and described in Section 1.1(b) hereof and all Related Rights shall be purchased and owned by the Company (without any further action) upon the creation or origination of such Receivable.
Regular Purchases. After the Closing Date, until the Purchase and Sale Termination Date, each Receivable (and the Related Rights) created by each Originator shall be deemed to have been sold to the Company immediately (and without further action) upon the creation of such Receivable.
Regular Purchases. Except to the extent otherwise provided in Section 8.1, after the closing of a Seller's business on the Initial Cut-Off Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables and the Related Purchased Assets of each Seller shall be sold automatically to Buyer pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Asset.
Regular Purchases. After the date of the initial Purchase hereunder until the Purchase Termination Date, all of KBK's right, title and interest in and to each Receivable and in the Related Assets with respect thereto shall be deemed to have been sold to the Initial Purchaser pursuant hereto immediately (and without further action by any Person) upon the creation of such Receivable.
Regular Purchases. After the date of the initial purchase ----------------- hereunder until the Purchase and Sale Termination Date, each Receivable and Related Asset of each Originator shall be deemed to have been sold, transferred, assigned and conveyed to the Purchaser pursuant hereto immediately (and without any formal or other instrument of assignment and without further action by any Person) upon the creation of such Receivable.
Regular Purchases. After the Initial Closing Date, until the Purchase and Sale Termination Date, each Receivable (and the rights related thereto described in SECTION 1.1) created by the Originator shall be deemed to have been sold to AFC immediately (and without further action) upon the creation of such Receivable.
Regular Purchases. Commencing on the Initial Closing Date, until the Purchase and Sale Termination Date, each Receivable originated by WMECO (other than Contributed Receivables) and the Related Assets with respect thereto shall be sold to WRC immediately (and without further action) upon the creation of such Receivable.
Regular Purchases. From the Closing Date until the earlier to occur of (x) the date on which a Rapid Amortization Event or Event of Default initially occurs and (y) the closing of Seller's business on the Purchase Termination Date, any Conveyed Assets and Related Assets shall be transferred by the Seller to the Buyer, pursuant to a written assignment substantially in the form of Exhibit A-2 (each a, "Subsequent PA Assignment" and, together with the Initial PA Assignment the "PA Assignments"), on the Purchase Date set forth in a Funding Date Data Pool Report delivered by a Seller to the Buyer that lists such Conveyed Assets; provided, however, that such purchases and sales of Receivables and of Equipment Loans shall occur not more frequently than once per each calendar week for each type of asset (it being understood that separate purchases of Receivables and Equipment Loans may occur on different days).
Regular Purchases. On any Business Day, the Company shall have the right to direct the Buyer, by its delivery to the Buyer of a Purchase Notice, to buy the number of Purchase Shares specified in such notice, up to One Hundred Thousand (100,000) Purchase Shares, at the Purchase Price on the Purchase Date (each such purchase, a “Regular Purchase”). The Company and the Buyer may mutually agree to increase the number of Purchase Shares that may be sold per Regular Purchase to as much as an additional Two Million (2,000,000) Purchase Shares per Business Day. The share amounts in this Section 1(b) shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction. In no event shall the Purchase Amount of a Regular Purchase exceed One Million Dollars ($1,000,000) per Business Day, unless the Buyer and the Company mutually agree. The Company may deliver additional Purchase Notices to the Buyer from time to time so long as the most recent purchase has been completed.
Regular Purchases. After the date of the initial purchase hereunder until the Purchase and Sale Termination Date, each Pool Receivable and Related Asset of an Originator shall be deemed to have been sold to the Initial Purchaser pursuant hereto immediately (and without any formal or other instrument of assignment and without further action by any Person) upon the creation of such Pool Receivable.
