Common use of Sale, Contribution and Purchase of Receivables Clause in Contracts

Sale, Contribution and Purchase of Receivables. On each Transfer Date until the Facility Termination Date and on the terms and conditions set forth herein, each Provider agrees to sell or contribute, without recourse except to the extent expressly provided herein, all of such Provider's Receivables to the Purchaser, and the Purchaser agrees to purchase or accept such contribution of, all of each Provider's Receivables.

Appears in 2 contracts

Samples: Receivables Purchase and Transfer Agreement (Five Star Quality Care Inc), Receivables Purchase and Transfer Agreement (Staff Builders Inc /De/)

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Sale, Contribution and Purchase of Receivables. On each Transfer Date until Until the Facility Termination Date and on the terms and conditions set forth herein, each Provider agrees to sell or contributecontribute on each Transfer Date (as determined in accordance with this Agreement), without recourse except to the extent expressly provided herein, all of such Provider's Receivables to the Purchaser, and the Purchaser agrees to purchase or accept such contribution of, all of each Provider's Receivables.

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (National Medical Health Card Systems Inc)

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Sale, Contribution and Purchase of Receivables. On each Transfer Date until the Facility Termination Date and on the terms and conditions set forth herein, each Provider agrees to sell or contributesell, without recourse except to the extent expressly provided herein, all of such Provider's Receivables or contribute to the Purchaser, and the Purchaser agrees to purchase or accept such contribution of, all of each such Provider's ReceivablesAccounts.

Appears in 1 contract

Samples: Healthcare Receivables Purchase and Transfer Agreement (Community Care of America Inc)

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