Common use of Addition of Receivables Clause in Contracts

Addition of Receivables. All receivables which meet the definition of Receivables shall be included as Receivables from and after the date upon which such Receivables are created and all such Receivables, whether such Receivables are then existing or thereafter created, shall be sold auto matically to the Buyer upon creation by the Seller.

Addition of Receivables. All Unless the Seller specifies to the contrary, all receivables which meet the definition of Receivables shall be included as Receivables from and after the date upon which such Receivables are created and all such Receivables, whether such Receivables are then existing or thereafter createdcreated or acquired, shall be sold auto matically automatically to the Buyer upon creation or acquisition by the Seller.