Common use of Selection of Receivables Clause in Contracts

Selection of Receivables. Each Receivable has been randomly selected from the Originator's portfolio of receivables in accordance with its normal standards and procedures used for all of its standard securitization transactions and no selection procedures adverse to Triple-A have been employed in such selections.

Appears in 4 contracts

Samples: Lease Receivables Purchase Agreement (HPSC Inc), Purchase and Contribution Agreement (HPSC Inc), Purchase and Contribution Agreement (HPSC Inc)

AutoNDA by SimpleDocs

Selection of Receivables. Each Receivable has been randomly selected from the Originator's ’s portfolio of receivables in accordance with its normal standards and procedures used for all of its standard securitization transactions and no selection procedures adverse to Triple-A have been employed in such selections.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (HPSC Inc)

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