Common use of Assignment of Asset Interest Clause in Contracts

Assignment of Asset Interest. The Seller hereby sells, assigns and transfers to the Purchaser, effective on and as of the date of each Purchase and each Reinvestment by the Purchaser hereunder, the Asset Interest in the Pool Receivables and Related Assets.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (Lifestyle Furnishings International LTD), Receivables Purchase Agreement (Mascotech Inc), Receivables Purchase Agreement (Cadmus Communications Corp/New)

Assignment of Asset Interest. The Seller hereby sells, assigns and transfers to the Purchaser, effective on and as of the date of each Purchase and each Reinvestment by the Purchaser hereunder, the Asset Interest in the Pool Receivables and Related Assets.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (KBK Capital Corp), Receivables Purchase Agreement (KBK Capital Corp), Receivables Purchase Agreement (KBK Capital Corp)

Assignment of Asset Interest. The Seller hereby sells, assigns and transfers to the Purchaser, effective on and as of the date of each Purchase and each Reinvestment by the Purchaser hereunder, the Asset Interest corresponding undivided ownership interest in the Pool Receivables and Related Assets.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Charming Shoppes Inc), Receivables Purchase Agreement (Charming Shoppes Inc)