Regular Purchases. After the date of the initial Purchase hereunder until the Purchase Termination Date, all of KBK's right, title and interest in and to each Receivable and in the Related Assets with respect thereto shall be deemed to have been sold to the Initial Purchaser pursuant hereto immediately (and without further action by any Person) upon the creation of such Receivable.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (KBK Capital Corp), Purchase and Sale Agreement (KBK Capital Corp), Purchase and Sale Agreement (KBK Capital Corp)