Common use of Automatic Liquidation Clause in Contracts

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e), (g), (h), (l) or (m) of Section 10.01, the Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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Automatic Liquidation. Upon the occurrence of a Liquidation Event --------------------- described in subsection (e), (g), (h), (l) or (m) of Section 10.01, 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 a Liquidation --------------------- Event described in subsection (e), (g), (h), (l) or (m) of Section 10.019.01, the Purchase Termination -------------- ------------ Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Samples: Receivables Purchase Agreement (C H Robinson Inc)

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Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e), (g), (h), (l) or (m) of Section 10.0110.1 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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