Common use of Transfer and Acquisition of Receivables Clause in Contracts

Transfer and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Depositor agrees to transfer to the Issuer, and the Issuer agrees to acquire from the Depositor, the Initial Receivables and the related Subsequent Receivables, respectively, and the Deposited Assets relating thereto.

Transfer and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Depositor Contributor agrees to transfer to the IssuerDepositor, and the Issuer Depositor agrees to acquire from the DepositorContributor, the Initial Receivables and the related Subsequent Receivables, respectively, and the Deposited Contributed Assets relating thereto.