Common use of Purchase and Sale of Receivables Clause in Contracts

Purchase and Sale of Receivables. Subject to the satisfaction of the conditions specified in Article IV, NFC agrees to sell, transfer, assign and otherwise convey to NFRRC, without recourse (except as provided in Section 5.04), and NFRRC agrees to purchase (i) on the Closing Date pursuant to a written assignment substantially in the form of Exhibit A (the "Initial PA Assignment"), and (ii) on each Subsequent Transfer Date (each, together with the Closing Date, a "Purchase Date"), pursuant to an assignment substantially in the form of Exhibit B (each, a "Subsequent Transfer PA Assignment" and, together with the Initial PA Assignment, each a "PA Assignment") up to the Available Purchase Amount, all right, title and interest of NFC in, to and under:

Purchase and Sale of Receivables. Subject to the satisfaction of the conditions specified in Article IV, NFC agrees to sell, transfer, assign and otherwise convey to NFRRC, without recourse (except as provided in Section 5.04), and NFRRC agrees to purchase (i) on the Closing Date pursuant to a written assignment substantially in the form of Exhibit A (the "“Initial PA Assignment"”), and (ii) on each Subsequent Transfer Date (each, together with the Closing Date, a "“Purchase Date"”), pursuant to an assignment substantially in the form of Exhibit B (each, a "“Subsequent Transfer PA Assignment" ” and, together with the Initial PA Assignment, each a "“PA Assignment"”) up to the Available Purchase Amount, all right, title and interest of NFC in, to and under:

Purchase and Sale of Receivables. Subject to the -------------------------------- satisfaction of the conditions specified in Article IV, NFC agrees to sell, transfer, assign and otherwise convey to NFRRC, without recourse (except as provided in Section 5.04)recourse, and NFRRC agrees to purchase (i) on the Closing Date pursuant to a ------- -------- written assignment substantially in the form of Exhibit A (the "Initial PA --------- Assignment"), and (ii) NFRRC agrees to purchase on each Subsequent Transfer Date (each, together with the Closing Date, a "Purchase Date")Date and, pursuant to an assignment substantially in the form of Exhibit B (each, a "Subsequent --------- Transfer PA Assignment" and, together with the Initial PA Assignment, each a "PA Assignment") up to the Available Purchase Amount, on each Subsequent Transfer Date (each, a "Purchase Date"), all right, title and interest of NFC in, to and under:

Purchase and Sale of Receivables. Subject to the -------------------------------- satisfaction of the conditions specified in Article IV, NFC agrees to sell, transfer, assign and otherwise convey to NFRRC, without recourse (except as provided in Section 5.04)recourse, and NFRRC agrees to purchase (i) on the Closing Date pursuant to a ---------------- written assignment substantially in the form of Exhibit A (the "Initial PA --------- Assignment"), and (ii) NFRRC agrees to purchase on each Subsequent Transfer Date (each, together with the Closing Date, a "Purchase Date")Date and, pursuant to an assignment substantially in the form of Exhibit B (each, a "Subsequent --------- Transfer PA Assignment" and, together with the Initial PA Assignment, each a "PA Assignment") up to the Available Purchase Amount, on each Subsequent Transfer Date (each, a "Purchase Date"), all right, title and interest of NFC in, to and under: