Common use of Direction; Acquisition; Capital Contribution Clause in Contracts

Direction; Acquisition; Capital Contribution. (a) Subject to the terms and conditions of this Agreement, the Originator hereby agrees to sell, convey and contribute, on the Subsequent Funding Date, all of the Subsequent Conveyed Assets to the Transferors, as set forth in subsection (b) below. Upon receipt of the consideration specified in subsection (c) below, the Originator hereby releases all of its right, title and interest in, to and under the Subsequent Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Painewebber Asset Acceptance Corp), Receivables Sale Agreement (American Business Financial Services Inc /De/), Receivables Sale Agreement (Prudential Securities Secured Financing Corp)

AutoNDA by SimpleDocs

Direction; Acquisition; Capital Contribution. (a) Subject to the terms and conditions condition of this Agreement, the Originator hereby agrees to sell, convey and contribute, on the Subsequent Funding Closing Date, all of its right, title and interest in and to the Subsequent Initial Conveyed Assets to the Transferors, as set forth in subsection (bc) below, which sale, contribution and conveyance shall be evidenced by the execution of this Agreement. Upon receipt of the consideration specified in subsection (cd) below, the Originator hereby releases all of its right, title and interest in, to and under the Subsequent related Initial Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Painewebber Asset Acceptance Corp), Receivables Sale Agreement (Prudential Securities Secured Financing Corp)

AutoNDA by SimpleDocs

Direction; Acquisition; Capital Contribution. (a) Subject to the terms and conditions condition of this Agreement, the Originator hereby agrees to sell, convey and contribute, on the Subsequent Funding Closing Date, all of its right, title and interest in and to the Subsequent Initial Conveyed Assets to the Transferors, as set forth in subsection (bc) below. Upon receipt of the consideration specified in subsection (cd) below, the Originator hereby releases all of its right, title and interest in, to and under the Subsequent related Initial Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.

Appears in 1 contract

Samples: Receivables Sale Agreement (American Business Financial Services Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.