Closing Date Purchases Sample Clauses
The 'Closing Date Purchases' clause defines how purchases made on or around the closing date of a transaction are handled between the parties. Typically, it specifies which party is responsible for goods or services acquired just before or after the official closing, such as inventory bought by the seller that will be transferred to the buyer. This clause ensures clarity regarding ownership and financial responsibility for such purchases, preventing disputes over who bears the cost or receives the benefit of these transactions during the transition period.
Closing Date Purchases. Effective on the Closing Date, each Originator hereby sells to the Buyer, and the Buyer hereby purchases, such Originator’s entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables) that existed and was owing to such Originator at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated by such Originator from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Each Originator’s entire right, title and interest in (i) each Receivable that existed and was owing to such Originator at the Closing Date, and (ii) all Related Rights with respect thereto automatically shall be sold and deemed to have been sold by such Originator to the Purchaser on the Closing Date.
Closing Date Purchases. Each Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.
Closing Date Purchases. Each Originator's entire right, title and in (i) each Receivable that existed and was owing to such Originator at the Cut-off Date (other than Contributed Receivables), (ii) all Receivables created by such Originator from and including the Cut-off Date, to and including the Closing Date (other than Contributed Receivables), and (iii) all Related Rights with respect thereto automatically shall be deemed to have been sold by such Originator to the Company on the Closing Date.
Closing Date Purchases. Effective on the Closing Date, the Sub-Originator hereby sells to the Buyer, and the Buyer hereby purchases, the Sub-Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to the Sub-Originator at the Cut-Off Date, (ii) each Receivable generated or otherwise acquired by the Sub-Originator from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Effective on the Closing Date, the Transferor hereby sells to the Company, and the Company hereby purchases, the Transferor entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables) that existed and was owing to the Transferor (including each Receivable sold or purportedly sold by an Originator to the Transferor pursuant to the Purchase and Sale Agreement) at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated or otherwise acquired by the Transferor (including each Receivable sold or purportedly sold by an Originator to the Transferor pursuant to the Purchase and Sale Agreement) from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Each Purchased Receivable and Related Rights generated by each Originator prior to the Cut-off Date shall be deemed to have been sold by such Originator to the Company on the Closing Date.
Closing Date Purchases. Effective on the Closing Date, each Originator hereby sells to the Buyer, and the Buyer hereby purchases, such Originator’s entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables and QRS Receivables) that existed and was owing to such Originator at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables and QRS Receivables) generated by such Originator from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Effective on the Closing Date, each Originator hereby sells and/or, in the case of Cardtronics, contributes, to the Buyer, and the Buyer purchases and/or receives, such Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to such Originator at the related Cut-Off Date, (ii) each Receivable generated by such Originator from and including the related Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.
Closing Date Purchases. Each Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such Originator as at the Closing Date and (ii) all Related Rights automatically shall be deemed to have been sold (with respect to Eligible Accounts) or contributed (with respect to Ineligible Accounts) to the Company on the Closing Date.