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.
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Samples: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)
Regular Purchases. Except to the extent otherwise provided in Section 8.18.2, 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 each and every Receivable 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 Assetsuch Receivable.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Crompton & Knowles Corp)
Regular Purchases. Except to the extent otherwise provided in Section 8.18.2, after the closing of a Seller's business on the Initial Cut-Off Effective Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables each Receivable and the Related Purchased Assets of each Seller shall be deemed to have been sold automatically to Buyer WPS Xxxxx pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Assetsuch Receivable.
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Samples: Receivables Purchase Agreement (Westpoint Stevens Inc)
Regular Purchases. Except to the extent otherwise provided in Section 8.18.2 or (with respect to any Seller) Section 1.8, 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 AssetReceivable.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Big Flower Press Holdings Inc)