Common use of Timing of Purchases Clause in Contracts

Timing of Purchases. (a) Initial Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator as of the close of such Originator's business on the Initial Closing Date, (other than, with respect to Union in its capacity as an Originator, Contributed Receivables), and (ii) all Related Rights with respect thereto shall have been sold to the Company on the Initial Closing Date.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Fruit of the Loom Inc /De/)

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Timing of Purchases. (a) Initial Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator as of at the close of such Originator's business on the Initial Closing Cut-off Date, (other than, with respect to Union in its capacity as an Originator, Contributed Receivables), and (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold to the Company on the Initial Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Brands Corp)

Timing of Purchases. (a) Initial Closing Date Purchases. Each Originator's ’s entire right, title and interest in (i) each Receivable that existed and was owing to such Originator as of at the close of Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator's business on Originator after the Initial Closing Cut-off Date, to and including the Closing Date (other than, with respect to Union in its capacity as an Originator, than Contributed Receivables), and (iiiii) all Related Rights with respect thereto shall have been sold to the Company on the Initial Closing Date.Rights

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Timing of Purchases. (a) Initial Closing Date Purchases. Each The Originator's entire right, title ---------------------- and interest in (i) each Receivable that existed and was owing to such the Originator as of at the close of such Originator's business on the Initial Closing Sale Cut-off Date, (other than, with respect to Union in its capacity as an Originator, Contributed Receivables), and (ii) all Receivables created by the Originator from and including the Sale Cut-off Date, to and including the Closing Date, and (iii) all Sale Related Rights with respect thereto automatically shall be deemed to have been sold to the Company on the Initial Closing Date.

Appears in 1 contract

Samples: Sale Agreement (KPMG Consulting Inc)

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Timing of Purchases. (a) Initial Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator as of at the close of Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator's business on Originator from and including the Initial Closing Cut-off Date, to and including the Closing Date (other than, with respect to Union in its capacity as an Originator, than Contributed Receivables), and (iiiii) all Related Rights with respect thereto Rights, automatically shall be deemed to have been sold to the Company on the Initial Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consol Energy Inc)

Timing of Purchases. (a) Initial Closing Date Purchases. Each Originator's entire right, title and interest in in, to and under (i) each Receivable that existed and was owing to such Originator as of at the close of Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator's business on Originator from and including the Initial Closing Cut-off Date, to and including the Closing Date (other than, with respect to Union in its capacity as an Originator, than Contributed Receivables), and (iiiii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Initial Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CSS Industries Inc)

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