Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables other than the Excluded Receivables then owned by each Originator (other than the Parent) and not previously acquired by Buyer shall be sold immediately upon its creation, and (ii) to the extent Receivables then owned by the Parent other than the Excluded Receivables have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables shall be sold to Buyer (each such Receivable sold immediately upon its creation pursuant to clauses (i) and (ii) above, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
Determination of Sold Receivables. On and as of each Transfer Date, each Receivable then owned by each Originator and not previously acquired by Buyer shall be sold immediately upon its creation (each such Receivable sold immediately upon its creation pursuant to clauses (i) and (ii) above, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables then owned by each Originator (other than the Member) and not previously acquired by Buyer shall be identified for sale to Buyer, and (ii) to the extent Receivables then owned by the Member have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables shall be identified for sale to Buyer (each such Receivable identified for sale pursuant to clauses (i) and (ii) above, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each Originator.
Determination of Sold Receivables. On and as of each Transfer Date, those Approved Receivables sold to, and purchased by, CRLLC shall consist of (i) all Approved Receivables owned by each Restricted Originator and (ii) those Approved Receivables owned by each Stockholder Originator and identified by the Servicer for sale to CRLLC (each such Receivable individually, a "Sold Receivable," and collectively, the "Sold Receivables"). The Sale Price of all Sold Receivables shall not exceed the amount of cash available to CRLLC for the payment thereof. (c)
Determination of Sold Receivables. On and as of each Transfer Date, all Receivables owned by each Originator and not previously acquired by Buyer shall be identified for sale to Buyer such that the Sale Price to be paid by Buyer therefor does not exceed the amount of cash available to Buyer for the payment thereof (each such Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each Originator.
Determination of Sold Receivables. It is understood and agreed that each Transfer of a Receivable on a Transfer Date subsequent to the Closing Date shall occur immediately upon creation of such Receivable. On and as of each Transfer Date, all Receivables owned by each of the Originators and not previously acquired by Buyer shall be identified for sale to Buyer such that the Sale Price to be paid by Buyer therefor does not exceed the amount of cash available to Buyer for the payment thereof (each such Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). The Sold Receivables will be identified by reference to the General Trial Balance of each of the Originators.
Determination of Sold Receivables. On and as of each Transfer Date, to the extent Receivables then owned by a Transferor (including all Receivables sold or purportedly sold to such Transferor pursuant to the Sale Agreement) have not been contributed to Buyer in accordance with Section 2.01(d), such Receivables shall be immediately sold to Buyer (each such Receivable sold, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
Determination of Sold Receivables. On and as of each Transfer Date, all Receivables owned by the Originator and not previously acquired by Buyer shall be identified for sale to Buyer such that the Sale Price to be paid by Buyer therefor does not exceed the amount of cash available to Buyer for the payment thereof (each such Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"). Any Receivable as to which full Sale Price cannot be paid by virtue of the preceding sentence shall be deemed a Contributed Receivable, subject to Originator's right to deliver an Election Notice pursuant to Section 2.01(d). The Sold Receivables will be identified by reference to the General Trial Balance of the Originator. (c)
Determination of Sold Receivables. On and as of each Transfer Date, all Receivables owned by each Originator and not previously acquired by MRFC shall be identified for sale to MRFC and MRFC shall buy such Receivables, to the extent that the Sale Price to be paid by MRFC therefor does not exceed the sum of (i) the amount of cash available to MRFC for the payment thereof plus (ii) the maximum amount by which the principal amount of the Subordinated Loan may be increased without exceeding the Maximum Subordinated Loan Amount (each such Receivable identified for sale, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”). In the event that, on any Transfer Date, the aggregate amount of Receivables owned by all Originators exceeds the aggregate amount of Sold Receivables on such Transfer Date, MRFC shall use cash available to it and the Subordinated Loan to purchase Receivables from all Originators other than Metaldyne Company LLC first and then use the remaining cash and availability with respect to the Subordinated Loan to purchase Receivables from Metaldyne Company LLC. The Sold Receivables will be identified by reference to the General Trial Balance of each Originator.
Determination of Sold Receivables. On and as of each Transfer Date, all Transferred Receivables owned by the Receivables Seller and not previously acquired by Receivables Purchaser shall be identified for sale to Receivables Purchaser such that the Sale Price to be paid by Receivables Purchaser therefor does not exceed the sum of (i) the amount of cash available to Receivables Purchaser for the payment thereof and (ii) the proceeds of a Subordinated Loan (as defined below) (each such Transferred Receivable identified for sale, individually, a "Sold Receivable" and, collectively, the "Sold Receivables"); provided, however, on the initial Transfer Date, the Sale Price to be paid by the Receivables Purchaser for Sold Receivables shall not exceed the amount of cash available to Receivables Purchaser for the payment thereof.
