Common use of Subsequent Purchases Clause in Contracts

Subsequent Purchases. On each Business Day following the initial Purchase, unless either Seller or the Purchaser shall notify the other parties to the contrary, each Seller shall sell to the Purchaser and the Purchaser shall purchase from such Seller, upon satisfaction of the applicable conditions set forth in Article III, all Receivables originated by such Seller which have not previously been sold or contributed to the Purchaser; provided, however, that such Seller may, at its option on any Purchase Date, contribute all or any of such Receivables to the Purchaser pursuant to Section 2.06, instead of selling such Receivables to the Purchaser pursuant to this Section 2.02(b). On or within five Business Days after the date of each such Purchase, the Purchaser shall pay the Purchase Price for such Purchase in the manner provided in Section 2.02(c).

Subsequent Purchases. On each Business Day following the initial Purchase, unless either Seller or the Purchaser party shall notify the other parties party to the contrarycontrary which notice will be effective on the date set forth therein but in no event less than ten (10) Business Days after delivery thereof, each the applicable Seller shall sell to the Purchaser and the Purchaser shall purchase from such Seller, upon satisfaction of the applicable conditions set forth in Article III, all Receivables originated by such Seller which have not previously been sold or contributed to the Purchaser; provided, however, that such the Herc Seller may, at its option on any Purchase Date, contribute all or any of such Receivables to the Purchaser pursuant to Section 2.06, instead of selling such Receivables to the Purchaser pursuant to this Section 2.02(b). On or within five (5) Business Days after the date of each such Purchase, the Purchaser shall pay the Purchase Price for such Purchase in the manner provided in Section 2.02(c).

Subsequent Purchases. On each Business Day following the initial Purchase, unless either Seller or the Purchaser shall notify the other parties party to the contrary, each the Seller shall sell to the Purchaser and the Purchaser shall purchase from such the Seller, upon satisfaction of the applicable conditions set forth in Article III, all Receivables originated by such the Seller (or originated by FPL or Ferro Color and acquired by the Seller pursuant to the First-Step Agreement) which have not previously been sold or contributed to the Purchaser; provided, however, that such the Seller may, at its option on any Purchase Date, contribute all or any of such Receivables to the Purchaser pursuant to Section 2.06, instead of selling such Receivables to the Purchaser pursuant to this Section 2.02(b). On or within five Business Days one (1) month after the date of each such Purchase, the Purchaser shall pay the Purchase Price for such Purchase in the manner provided in Section 2.02(c).

Subsequent Purchases. On each Business Day following the initial Purchase, unless either the Seller or the Purchaser shall notify the other parties party to the contrary, each the Seller shall sell to the Purchaser and the Purchaser shall purchase from such the Seller, upon satisfaction of the applicable conditions set forth in Article III, all Receivables originated by such the Seller (or originated by FPL or Ferro Color and acquired by the Seller pursuant to the Purchase Agreement) which have not previously been sold or contributed to the Purchaser; provided, however, that such the Seller may, at its option on any Purchase Date, contribute all or any of such Receivables to the Purchaser pursuant to Section 2.06, instead of selling such Receivables to the Purchaser pursuant to this Section 2.02(b). On or within five Business Days after the date of each such Purchase, the Purchaser shall pay the Purchase Price for such Purchase in the manner provided in Section 2.02(c).