Common use of Closing Date Purchases Clause in Contracts

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.