Common use of CONTRIBUTIONS AND PAYMENT OF PURCHASE PRICE Clause in Contracts

CONTRIBUTIONS AND PAYMENT OF PURCHASE PRICE. SECTION 3.1 Initial Contribution of Receivables and Initial Purchase Price Payment 5 SECTION 3.2 Subsequent Purchase Price Payments 6 SECTION 3.3 Letters of Credit 7 SECTION 3.4 Settlement as to Specific Receivables and Dilution. 8 SECTION 3.5 Reconveyance of Receivables 9 SECTION 4.1 Conditions Precedent to Initial Purchase 9 SECTION 4.2 Certification as to Representations and Warranties 10 SECTION 4.3 Additional Originators 10 SECTION 5.1 Existence and Power 11 SECTION 5.2 Company and Governmental Authorization, Contravention 11 SECTION 5.3 Binding Effect of Agreement 12 SECTION 5.4 Accuracy of Information 12 SECTION 5.5 Actions, Suits 12 SECTION 5.6 No Material Adverse Effect 12 SECTION 5.7 Names and Location 12 SECTION 5.8 Margin Stock 12 SECTION 5.9 Eligible Receivables 13 SECTION 5.10 Credit and Collection Policy 13 SECTION 5.11 Investment Company Act 13 SECTION 5.12 No Sanctions 13 SECTION 5.13 Financial Condition 13 SECTION 5.14 Tax Status 13 SECTION 5.15 ERISA 13 SECTION 5.16 Bulk Sales 14 SECTION 5.17 No Fraudulent Conveyance 14 SECTION 5.18 Ordinary Course of Business 14 SECTION 5.19 Perfection; Good Title 14 SECTION 5.20 Reaffirmation of Representations and Warranties by each Originator 14 SECTION 6.1 Covenants 15 SECTION 6.2 Separateness Covenants 19 SECTION 7.1 Rights of the Buyer 20 SECTION 7.2 Responsibilities of the Originators 20 SECTION 7.3 Further Action Evidencing Purchases 21 SECTION 7.4 Application of Collections 21 SECTION 8.1 Purchase and Sale Termination Events 22 SECTION 8.2 Remedies 22 SECTION 9.1 Indemnities by the Originators 23

CONTRIBUTIONS AND PAYMENT OF PURCHASE PRICE. SECTION 3.1 Initial Contribution of Receivables and Initial Purchase Price Payment 5 4 SECTION 3.2 Subsequent Purchase Price Payments 6 4 SECTION 3.3 Letters of Credit 7 5 SECTION 3.4 Settlement as to Specific Receivables and Dilution. 8 Dilution 6 SECTION 3.5 Reconveyance of Receivables 9 7 SECTION 4.1 Conditions Precedent to Initial Purchase 9 7 SECTION 4.2 Certification as to Representations and Warranties 10 8 SECTION 4.3 Additional Originators 10 8 SECTION 5.1 Existence and Power 11 9 SECTION 5.2 Company and Governmental Authorization, Contravention 11 9 SECTION 5.3 Binding Effect of Agreement 12 9 SECTION 5.4 Accuracy of Information 12 9 SECTION 5.5 Actions, Suits 12 9 SECTION 5.6 No Material Adverse Effect 12 9 SECTION 5.7 Names and Location 12 10 SECTION 5.8 Margin Stock 12 10 SECTION 5.9 Eligible Receivables 13 10 SECTION 5.10 Credit and Collection Policy 13 10 SECTION 5.11 Investment Company Act 13 10 SECTION 5.12 No Sanctions 13 10 SECTION 5.13 Financial Condition 13 10 SECTION 5.14 Tax Status 13 10 SECTION 5.15 ERISA 13 10 SECTION 5.16 Bulk Sales 14 11 SECTION 5.17 No Fraudulent Conveyance 14 11 SECTION 5.18 Ordinary Course of Business 14 11 SECTION 5.19 Perfection; Good Title 14 11 SECTION 5.20 Reliance on Separate Legal Identity 11 SECTION 5.21 Bankruptcy Opinion 11 SECTION 5.22 Enforceability of Contracts 12 SECTION 5.23 Nature of Pool Receivables 12 SECTION 5.24 Reaffirmation of Representations and Warranties by each Originator 14 12 SECTION 6.1 Covenants 15 12 SECTION 6.2 Separateness Covenants 19 SECTION 7.1 Rights of the Buyer 20 SECTION 7.2 Responsibilities of the Originators 20 SECTION 7.3 Further Action Evidencing Purchases 21 SECTION 7.4 Application of Collections 21 SECTION 8.1 Purchase and Sale Termination Events 22 SECTION 8.2 Remedies 22 SECTION 9.1 Indemnities by the Originators 2315