Regular Purchases. Commencing on the Initial Closing Date, until the Purchase and Sale Termination Date, each Receivable originated by WMECO (other than Contributed Receivables) and the Related Assets with respect thereto shall be sold to WRC immediately (and without further action) upon the creation of such Receivable.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Northeast Utilities System), Purchase and Sale Agreement (North Atlantic Energy Corp /Nh)