Common use of Regular Purchases Clause in Contracts

Regular Purchases. Except to the extent otherwise provided in Section 8.1, after the closing of a Seller's business on the Initial Cut-Off Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables and the Related Purchased Assets of each Seller shall be sold automatically to Buyer pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Asset.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)

Regular Purchases. Except to the extent otherwise provided in Section 8.18.2 or (with respect to any Seller) Section 1.8, after the closing of a Seller's business on the Initial Cut-Off Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables and the Related Purchased Assets of each Seller shall be sold automatically to Buyer pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased AssetReceivable.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Big Flower Press Holdings Inc)

Regular Purchases. Except to the extent otherwise provided in Section 8.18.2, after the closing of a Seller's business on the Initial Cut-Off Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables each and every Receivable and the Related Purchased Assets of each Seller shall be sold automatically to Buyer pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Assetsuch Receivable.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Crompton & Knowles Corp)

Regular Purchases. Except to the extent otherwise provided in Section 8.18.2, after the closing of a Seller's business on the Initial Cut-Off Effective Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables each Receivable and the Related Purchased Assets of each Seller shall be deemed to have been sold automatically to Buyer pursuant WPS Finc▇ ▇▇▇suant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Assetsuch Receivable.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Westpoint Stevens Inc)

Regular Purchases. Except to the extent otherwise provided in Section 8.18.2, after the closing of a Seller's business on the Initial Cut-Off Effective Date until the closing of such Seller's business on the Business Day immediately preceding the Purchase Termination Date, all Purchased Receivables each Receivable and the Related Purchased Assets of each Seller shall be deemed to have been sold automatically to Buyer WPS ▇▇▇▇▇ pursuant hereto immediately (and without further action by any Person) upon the creation of the Purchased Receivable or Related Purchased Assetsuch Receivable.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Westpoint Stevens Inc)