Receivable Interest. (a) On the date of Purchase of any Receivable Interest, such Receivable Interest shall be initially computed, after giving effect to such Purchase, as of the close of business of the Servicer on such date. Thereafter until the Termination Date, such Receivable Interest shall be automatically recomputed as of the close of business of the Servicer on each day (other than a Liquidation Day).
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Samples: Receivables Purchase Agreement (Equistar Chemicals Lp), Receivables Purchase Agreement (Lyondell Chemical Co), Receivables Purchase Agreement (Lyondell Chemical Co)
Receivable Interest. (a) On the date of Purchase of any Receivable Interest, such Each Receivable Interest shall be initially computed, after giving effect to such Purchase, computed as of the close opening of business of the Servicer on the date of Purchase of such dateReceivable Interest. Thereafter until the Termination Date, such Receivable Interest shall be automatically recomputed as of the close of business of the Servicer on each day (other than a Liquidation Day, unless such Liquidation Day results from the occurrence of a Reinvestment Termination Date).
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