Common use of Contribution and Acquisition of Receivables Clause in Contracts

Contribution and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Seller agrees to contribute and assign to the Owner Trustee, and the Owner Trustee agrees to acquire from the Seller, the Receivables and the other Trust Property relating thereto.

Contribution and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Seller agrees to contribute and assign to the Owner TrusteeTrust, and the Owner Trustee Trust agrees to acquire from the Seller, the Receivables and the other Trust Contributed Property relating thereto.