Common use of Closing Date Purchases Clause in Contracts

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. Effective on the Closing Date, the Transferor Originator hereby sells to the CompanyBuyer, and the Company Buyer hereby purchases, the Transferor Originator’s entire right, title and interest in, to and under (i) each Receivable (other than Contributed Receivables) that existed and was owing to the Transferor Originator (including each Receivable sold or purportedly sold by an Originator the Sub-Originators to the Transferor Originator pursuant to the Purchase and Sub-Originator Sale Agreement) at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated or otherwise acquired by the Transferor Originator (including each Receivable sold or purportedly sold by an Originator the Sub-Originators to the Transferor Originator pursuant to the Purchase and Sub-Originator 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. Effective on the Closing Date, the Transferor each Originator hereby sells to the CompanyBuyer, and the Company Buyer hereby purchases, the Transferor 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 the Transferor such Originator (including each Receivable sold or purportedly sold by the Sub-Originator to an Originator to the Transferor pursuant to the Purchase and Sub-Originator Sale Agreement) at the Cut-Off Date, (ii) each Receivable (other than Contributed Receivables) generated or otherwise acquired by the Transferor such Originator (including each Receivable sold or purportedly sold by the Sub-Originator to an Originator to the Transferor pursuant to the Purchase and Sub-Originator Sale Agreement) from and including the Cut-Off Date, to and including the Closing Date, and (iii) all Related Rights with respect thereto.