Common use of Regular Purchases Clause in Contracts

Regular Purchases. After the Effective Date until the Purchase and Sale Termination Date, each Receivable and Related Asset of each Originator shall be deemed to have been sold to the Initial Purchaser pursuant hereto immediately (and without any formal or other instrument of assignment and without further action by any Person) upon the creation of such Receivable.

Regular Purchases. After the Effective Date date of the initial purchase ----------------- hereunder until the Purchase and Sale Termination Date, each Receivable and Related Asset of each Originator shall be deemed to have been sold sold, transferred, assigned and conveyed to the Initial Purchaser pursuant hereto immediately (and without any formal or other instrument of assignment and without further action by any Person) upon the creation of such Receivable.

Regular Purchases. After the Effective Date date of the initial purchase hereunder until the Purchase and Sale Termination Date, each Receivable and Related Asset of each Originator shall be deemed to have been sold to the Initial Purchaser pursuant hereto immediately (and without any formal or other instrument of assignment and without further action by any Person) upon the creation of such Receivable.