Common use of Regular Purchases Clause in Contracts

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.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Westpoint Stevens Inc)

AutoNDA by SimpleDocs

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!