Common use of Automatic Liquidation Clause in Contracts

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

Appears in 2 contracts

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

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Automatic Liquidation. Upon the occurrence of an a Liquidation Event of Default described in subsection SUBSECTION (de) of Section 10.1SECTION 10.01, the Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Standard Products Co)

Automatic Liquidation. Upon the occurrence of an a Liquidation Event of Default described in subsection (de), (g), (h), (l) or (m) of Section 10.110.01, the Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (CHS Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Land O Lakes Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Anuhco Inc)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

Automatic Liquidation. Upon the occurrence of an a Liquidation Event of Default described in (i) subsection (df) 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 Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avista Corp)

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

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

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