Common use of Transfer of Receivables; Delivery of Documents Clause in Contracts

Transfer of Receivables; Delivery of Documents. On or before the Closing Date, the Originator shall deliver, or cause to be delivered, to Custodian, the Receivables Files referred to in Section 2.04 of the Purchase Agreement and Section 3.03 of the Sale and Servicing Agreement, including without limitation, the Original Contract evidencing each Receivable. Until the Closing Date and the occurrence of the initial Transfer described below, the Custodian shall hold the Receivables (including the Receivables Files) as custodian and bailee for the Originator.

Transfer of Receivables; Delivery of Documents. On or before the Closing Date, the Originator shall deliver, or cause to be delivered, to the Custodian, the Receivables Files referred to in Section 2.04 of the Purchase Agreement and Section 3.03 of the Sale and Servicing Agreement, including without limitation, the Original Contract evidencing each Receivable. Until the Closing Date and the occurrence of the initial Transfer described below, the Custodian shall hold the Receivables (including the Receivables Files) as custodian and bailee for the Originator.