Common use of Regular Purchases and Contributions Clause in Contracts

Regular Purchases and Contributions. After the Initial Closing Date, and continuing until the Sale Termination Date, each Receivable described in Section 1.1(a)(ii) hereof, and all the Related Rights with respect thereto, created or originated by each Originator shall be sold or contributed by such Originator to the Initial Purchaser (without any further action) upon the creation or origination of such Receivable. All such Receivables, other than those Receivables indicated on a Purchase Report as having been contributed by the related Originator to the Initial Purchaser (such other Receivables, together with the Initial Contributed Receivables, the "Contributed Receivables"), shall be sold to the Initial Purchaser on such date; all Contributed Receivables shall be contributed by the related Originator to the Initial Purchaser on such date.

Regular Purchases and Contributions. After the Initial Closing Date, and continuing until the Sale Termination Date, each Receivable described in Section 1.1(a)(ii) hereof, and all the Related Rights with respect thereto, created or originated by each Originator transferred to the Seller pursuant to the Sale Agreement shall be sold or contributed by such Originator Seller to the Initial Purchaser Company (without any further action) upon the creation or origination transfer of such Receivable. All such Receivables, other than those Receivables indicated on a Purchase Report as having been contributed by the related Originator Seller to the Initial Purchaser Company (such other Receivables, together with the Initial Contributed Receivables, the "Contributed ReceivablesCONTRIBUTED RECEIVABLES"), shall be sold to the Initial Purchaser Company on such date; all Contributed Receivables shall be contributed by the related Originator Seller to the Initial Purchaser Company on such date.