Common use of Subsequent Purchases and Contributions Clause in Contracts

Subsequent Purchases and Contributions. After the Closing Date for any Originator, on each Business Day until the Purchase and Sale Termination Date, each Receivable and the Related Rights with respect thereto generated by such Originator shall be deemed to have been sold or contributed, as applicable, by such Originator to the Company immediately (and without further action) upon the creation of such Receivable.

Subsequent Purchases and Contributions. After the Closing Date for any OriginatorDate, on each Business Day until the Purchase and Sale Termination DateDate with respect to an Originator, each Receivable and the Related Rights with respect thereto generated by such Originator shall be, and shall be deemed to have been sold sold, or (in the case of the Contributing Originator) contributed, as applicable, by such Originator to the Company immediately (and without further action) upon the creation of such Receivable.

Subsequent Purchases and Contributions. After the Closing Date for any Originator, on each Business Day until the Purchase and Sale Termination Date, each Receivable other than Excluded Receivables and the Related Rights with respect thereto generated by such Originator shall be deemed to have been sold or contributed, as applicable, by such Originator to the Company immediately (and without further action) upon the creation of such Receivable.