Common use of Timing of Purchases Clause in Contracts

Timing of Purchases. All Receivables existing at the opening of each Originator’s business on the Closing Date are hereby sold or contributed, as applicable, to its Related Buyer on such date in accordance with the terms hereof. On and after the Closing Date until the Purchase Termination Date, each Receivable shall be deemed to have been sold or contributed by each Originator to its Related Buyer immediately (and without further action by any Person) upon the creation or acquisition of such Receivable. The Related Assets with respect to each Receivable shall be sold or contributed at the same time as such Receivable, whether such Related Assets exist at such time or arise, are acquired or are originated thereafter.

Timing of Purchases. (a) All of the Receivables existing at the opening of each Originator’s business on the Closing Date are hereby sold or contributed, as applicable, to its Related Buyer on such date in accordance with the terms hereof. . (b) On and after the Closing Date until the Purchase and Sale Termination Date, each Receivable shall be deemed to have been sold or contributed by each Originator to its Related Buyer immediately (and without further action by any Person) upon the creation or acquisition of such ReceivableReceivable by the related Originator. The Related Assets with respect to each Receivable shall be sold or contributed at the same time as such Receivable, whether such Related Assets exist at such time or arise, are acquired or are originated thereafter.

Timing of Purchases. All of the Receivables existing at the opening of each Originator’s business on the Closing Initial Transfer Date are hereby sold or contributed, as applicable, to its Related Buyer on such date in accordance with the terms hereof. On and after the Closing Initial Transfer Date until the Purchase Termination Date, each Receivable shall be deemed to have been sold or contributed by each Originator to its Related Buyer immediately (and without further action by any Person) upon the creation creation, origination or acquisition of such ReceivableReceivable by the Originator. The Related Assets with respect to each Receivable shall be sold or contributed at the same time as such Receivable, whether such Related Assets exist at such time or arise, are created, acquired or are originated thereafter.

Timing of Purchases. (a) All of the Receivables existing at acquired from the opening of each Originator’s business Originators by the Seller on the Closing Date are hereby sold or contributed, as applicable, to its Related Buyer on such date in accordance with the terms hereof. . (b) On and after the Closing Date until the Purchase and Sale Termination Date, each Receivable shall be deemed to have been sold or contributed by each Originator to its Related Buyer immediately (and without further action by any Person) upon the creation or acquisition of such ReceivableReceivable by the Seller. The Related Assets with respect to each Receivable shall be sold or contributed at the same time as such Receivable, whether such Related Assets exist at such time or arise, are acquired or are originated thereafter.

Timing of Purchases. All of the Receivables existing at the opening of each Originator’s business on the Closing Initial Transfer Date are hereby sold or contributed, as applicable, to its Related Buyer on such date in accordance with the terms hereof. On and after the Closing Initial Transfer Date until the Purchase Termination Date, each Receivable shall be deemed to have been sold or contributed by each Originator to its Related Buyer immediately (and without further action by any Person) upon the creation creation, origination or acquisition of such ReceivableReceivable by the Originator. The Related Assets with respect to each Receivable shall be sold or contributed at the same time as such Receivable, whether such Related Assets exist at such time or arise, are created, acquired or are originated thereafter.