Common use of Automatic Liquidation Clause in Contracts

Automatic Liquidation. Upon the occurrence of a Termination Event described in subsection (h) of Section 10.1, the Purchase Termination Date shall occur and the 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)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Automatic Liquidation. Upon the occurrence of a Termination Liquidation Event described in subsection (hf) of Section 10.110.01 with respect to Parent or Seller, the Purchase Termination Date shall occur and the Termination 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 Termination an Event of Default described in subsection (hd) of Section 10.1, the Purchase Termination Date shall occur and the Termination Liquidation Period shall commence automatically.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Mylan Inc.), Receivables Purchase Agreement (Mylan Inc.)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Land O Lakes Inc)

Automatic Liquidation. Upon the occurrence of a Termination Liquidation Event described in (i) subsection (hf) of Section 10.110.01 with respect to Parent or Seller or (ii) subsection (i) of Section 10.01 and the continuance thereof for more than two (2) Business Days, the Purchase Termination Date shall occur and the Termination Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avista Corp)

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Automatic Liquidation. Upon the occurrence of a Termination Liquidation Event described in subsection subsections (hf),(p),(q),(r) or (u) of Section 10.110.01 , the Purchase Termination Date shall occur and the Termination Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Anuhco Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (CHS Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

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