Common use of Automatic Liquidation Clause in Contracts

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 10 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

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Automatic Liquidation. Upon the occurrence of a Liquidation an Event of Default described in subsection (e) of Section 10.110.1(e), the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation an Event of Termination described in subsection (e) of Section 10.110.1(d), the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ef) of Section 10.110.01, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (Anuhco Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ed) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New)

Automatic Liquidation. Upon the occurrence of a Liquidation Termination Event described in subsection (eh) of Section 10.1, the Funding Purchase Termination Date shall occur and the Liquidation Termination Period shall commence automatically.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.110.01, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Inacom Corp), Receivables Purchase Agreement (Milacron Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.110.1(e), the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/), Receivables Purchase Agreement (Georgia Gulf Corp /De/)

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Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ef) of Section 10.110.01 with respect to Parent or Seller, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Conmed Corp), Receivables Purchase Agreement (Conmed Corp)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ed) of Section 10.110.01, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Charming Shoppes Inc), Purchase and Sale Agreement (Charming Shoppes Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Mascotech Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection SUBSECTION (e) of Section SECTION 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

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