Closing Date Purchases. Effective on the Closing Date, each Originator hereby sells to the Buyer, and the Buyer hereby purchases, such Originator’s entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables) that existed and was owing to such Originator at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated by such Originator from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
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 opening of such Originator’s business on the Closing Date and (ii) all Related Rights with respect thereto automatically shall be, and shall be deemed to have been, sold or contributed by such Originator to the Company on the Closing Date.
Closing Date Purchases. TheEach Originator’s entire right, title and interest in each Receivable that existed as of the Closing Date (other than Contributed Receivables) and all Related Rights with respect thereto automatically shall be, and shall be deemed to have been, sold by thesuch Originator to the Company on the Closing Date.
Closing Date Purchases. Each Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.
Closing Date Purchases. The Originator's entire right, title and interest in (i) each Receivable that existed and was owing to the Originator as at the Cut-off Date (other than Contributed Receivables, as defined in SECTION 1.1), (ii) all Receivables created by the Originator from and including the Cut-off Date, to and including the Closing Date, and (iii) all Related Rights in respect of the foregoing automatically shall be sold to the Company on the Closing Date.
Closing Date Purchases. Effective on the Closing Date, the Sub-Originator hereby sells to the Buyer, and the Buyer hereby purchases, the Sub-Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to the Sub-Originator at the Cut-Off Date, (ii) each Receivable generated or otherwise acquired by the Sub-Originator from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Each Purchased Receivable and Related Rights generated by each Originator prior to the Cut-off Date shall be deemed to have been sold by such Originator to the Company on the Closing Date.
Closing Date Purchases. The Seller's entire right, title and interest in (i) each Receivable owned by the Seller as of the close of the Seller's business on the Closing Date (other than Contributed Receivables), and (ii) all Related Rights with respect thereto shall be deemed to have been sold to the Company on the Closing Date.
Closing Date Purchases. Effective on the Closing Date, each Originator hereby sells to the Buyer, and the Buyer hereby purchases, such Originator’s entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables) that existed and was owing to such Originator (including each Receivable sold or purportedly sold by the Sub-Originator to an Originator pursuant to the Sub-Originator Sale Agreement) at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated or otherwise acquired by such Originator (including each Receivable sold or purportedly sold by the Sub-Originator to an Originator pursuant to the Sub-Originator Sale Agreement) from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. The Originator's entire right, title and interest in, to and under (i) each Receivable that existed and was owing to the Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by the Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by the Originator to the Company on the Closing Date. Subsequent Purchases. After the Closing Date, until the Purchase and Sale Termination Date, each Receivable and the Related Rights generated by the Originator shall be, and shall be deemed to have been sold or contributed, as applicable, by the Originator to the Company immediately (and without further action) upon the creation of such Receivable.
