Common use of Closing Date Purchases Clause in Contracts

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.

Closing Date Purchases. Each The Originator's entire right, title and interest in (i) each Receivable that existed and was owing to such the Originator as at of the opening of the Originator's business on the Closing Date Date, (other than Contributed Portion) and (ii) all Related Rights automatically with respect thereto 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.