Addition of Sellers Sample Clauses

Addition of Sellers. ICP shall cause each Subsidiary of ICP which originates any right of such Subsidiary to payment, whether constituting an account, chattel paper, instrument, general intangible or otherwise, arising from the sale of goods, services or future services by such Subsidiary, to become a Seller hereunder immediately upon such entity becoming a Subsidiary and shall cause such Subsidiary to sell its accounts receivable and property of the types that constitute Related Assets hereunder to Buyer. ICP and each Person that will be added as a Subsidiary shall give to Buyer, the Trustee, the Rating Agencies and each Required Person not less than 30 days' prior written notice of the effective date of the addition of such Person as a Subsidiary. Once the notice has been given, the Receivables given by any Subsidiary of ICP as a Seller added to this Agreement pursuant to this section shall satisfy clause (n) of the definition of "Eligible Receivables" on the first Business Day following the expiration of the notice period (or such later date as may be specified in the notice) on which (i) the Required Persons have consented (if the Subsidiary is General or Coastline) or the Modification Condition has been satisfied (for any other Subsidiary), (ii) the Servicer shall have delivered to the Trustee a supplement to the Monthly Report then in effect as described in Section 3.5(e) of the Pooling Agreement and shall have confirmed in writing to the Trustee that the Seller Guaranty covers Obligations of such Subsidiary, (iii) such Subsidiary and the parties hereto shall have executed and delivered the agreements, instruments and other documents and the amendments or other modifications to the Transaction Documents, in form and substance reasonably satisfactory to Buyer, the Trustee and each Required Person, that Buyer, the Trustee or any Required Person reasonably determine are necessary or appropriate to effect the addition and (iv) shall have delivered such legal opinions as are in form and substance satisfactory to the Rating Agencies, each Required Person and the Trustee.
AutoNDA by SimpleDocs
Addition of Sellers. Subject to Section 9.2, from time to time one or more Subsidiaries who are 100% owned, directly or indirectly, by Cadmus may become Sellers hereunder and parties hereto. If any such Subsidiary wishes to become an additional Seller or if Cadmus or any Seller desires to acquire any Person as a new wholly-owned Subsidiary and cause such Subsidiary to be an additional Seller at the time such acquisition is consummated, it shall submit a request to such effect in writing to the Company and the Agent. If the Company (which, for purposes of this provision shall not include any assignee under Section 10.11) shall have agreed to any such request, such Subsidiary shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon the satisfaction of the conditions set forth in Section 9.2.
Addition of Sellers. Upon (i) the delivery to Issuer (as assignee of Buyer) of a performance guaranty by ALS, in form and substance acceptable to the Administrative Agent (acting at the direction of the Special Required Noteholders), guaranteeing the performance obligations of such Subsidiary of the Seller and (ii) with the prior written consent of the Special Required Noteholders in each instance, any Subsidiary of Seller may become a Seller hereunder and thereafter may sell to Buyer its Receivables, Equipment Loans, Related Security, Lockbox Accounts, Bank Accounts and Proceeds. Each Subsidiary of a Seller that is proposed to be added as a Seller shall give to each of the Buyer and all Third Party Financiers and Rating Agencies not less than ten (10) Business Days’ prior written notice of the effective date of the addition of the Subsidiary as a Seller. Once the notice has been given, any addition of a Subsidiary of Seller as a Seller pursuant to this section shall become effective on the first Business Day following the expiration of such ten (10) Business Day period (or such later date as may be specified in the notice) on which the Subsidiary and the parties hereto shall have executed and delivered the agreements, instruments and other documents and the amendments or other modifications to the Transaction Documents (including financing statements, lien searches and opinions), in form and substance reasonably satisfactory to each of the Buyer and each Third Party Financiers, that any of the foregoing reasonably determines are necessary or appropriate to effect the addition.
Addition of Sellers. Except for the Nuevo Excluded Properties, if a Person who owns Crude Oil producing properties within the Marketing Area becomes an Affiliate of PXP, PXP shall give prompt notice of such acquisition to Buyer, and shall cause such Affiliate to become a Seller hereunder by executing and delivering a ratification of this Agreement to Buyer as soon as practicable after the date such Person became an Affiliate of PXP.
Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned direct or indirect Subsidiaries of TriMas may become additional Seller parties hereto. If any such Subsidiary wishes to become an additional Seller, TriMas shall submit a request to such effect in writing to the Purchaser, the Administrative Agent and the Funding Agents. The Administrative Agent and the Funding Agents may, in their sole discretion, withhold their consent to such Subsidiary becoming an additional Seller. If TriMas, the Purchaser, the Administrative Agent, and each Funding Agent shall have agreed to any such request, such wholly-owned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 7.02.
Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned Subsidiaries of United Stationers Inc. may become additional Sellers parties hereto, the receivables originated by which may constitute Eligible Receivables of such Seller. If any such Subsidiary wishes to become an additional Seller, it shall submit a request to such effect in writing to the Company. The Company, in its sole and absolute discretion, may, subject to the terms and provisions of the Pooling and Servicing Agreements, agree to or deny any such request, PROVIDED that, if the Company shall have failed to respond to any such request within 30 days after receipt thereof, such request shall be deemed to have been denied. If the Company shall have agreed to any such request, then in the case of a wholly-owned Subsidiary of United Stationers Inc., such wholly-owned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 3.02 and the conditions, if any, set forth in the Pooling and Servicing Agreements.
Addition of Sellers. Subject to subsection 3.3 hereof, any applicable provisions in any Supplement and the terms and conditions of this subsection 8.14, from time to time one or more additional, direct or indirect Subsidiaries or Affiliates of Stone Container Corporation may become Sellers hereunder and parties hereto. If any such Subsidiary or Affiliate wishes to become an additional Seller, it shall submit a request to such effect in writing to the Company. The Company, in its sole and absolute discretion, may agree to or deny any such request; provided that if the Company shall have failed to respond to any such request within 30 days after receipt thereof, such request shall be deemed to have been denied. If the Company shall have agreed to any such request, such Subsidiary or Affiliate shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in subsection 3.3.
AutoNDA by SimpleDocs
Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned direct or indirect Subsidiaries of Tyson may become additional Seller parties hereto. If any such Subsidiary wishes to become an additional Seller, Tyson shall submit a request to such effect in writing to the Purchaser, the Administrative Agent, the Funding Agents and each Rating Agency. If Tyson, the Purchaser, the Administrative Agent, each Funding Agent and each Rating Agency shall have agreed to any such request (such consent not to be unreasonably withheld or delayed from the date such request is received and such consent of each Funding Agent being obtained by the Administrative Agent), such whollyowned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 7.02. 262
Addition of Sellers. Agree to the addition of any additional Seller pursuant to subsection 9.12 of the Receivables Sale Agreement unless such additional Seller shall have been simultaneously added as a Servicer party to the Servicing Agreement pursuant to Section 7.04 thereof or another Servicer has simultaneously agreed to service the Receivables originated by such additional Seller.
Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned direct or indirect Subsidiaries of MascoTech may become additional Seller parties hereto. If any such Subsidiary wishes to become an additional Seller, MascoTech shall submit a request to such effect in writing to the Purchaser, the Administrative Agent, the Funding Agents and each Rating Agency. If MascoTech, the Purchaser, the Administrative Agent, each Funding Agent and each Rating Agency shall have agreed to any such request (such consent not to be unreasonably withheld or delayed from the date such request is received and such consent of each Funding Agent being obtained by the Administrative Agent), such wholly-owned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 7.02.
Time is Money Join Law Insider Premium to draft better contracts faster.