Determination of Contributed Receivables. Prior to the delivery of an Election Notice, on each Transfer Date on which Buyer cannot pay the Sale Price therefor in cash or with Subordinated Loans pursuant to clause (c) above, the Parent shall identify Receivables then owned by it which have not been previously acquired by Buyer other than the Excluded Receivables, and shall, prior to the delivery of an Election Notice, contribute such Receivables as a capital contribution to Buyer (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”). Notwithstanding the foregoing, the Parent shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date (i) the Parent elects not to contribute Receivables (other than the Excluded Receivables) to Buyer when Buyer cannot pay the Sale Price therefor in cash or through Subordinated Loans, or (ii) any Originator (other than the Parent) does not sell all of its then owned Receivables to Buyer other than the Excluded Receivables, such Originator shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an “Election Notice”).
Determination of Contributed Receivables. On each Transfer Date, the Member shall identify Receivables then owned by the Member which have not been previously acquired by Buyer, and shall, prior to the delivery of an Election Notice, contribute such Receivables as a capital contribution to the Buyer (each such contributed Receivable, individually, a "Contributed Receivable," and collectively, the "Contributed Receivables"), to the extent Buyer cannot pay the Sale Price therefor in cash or through Subordinated Loans pursuant to the foregoing clauses (b) and (c). Notwithstanding the foregoing, the Member shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date (i) the Member elects not to contribute Receivables to Buyer, or (ii) any Originator (other than the Member) does not sell all of its then owned Receivables to Buyer, such Originator shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an "Election Notice").
Determination of Contributed Receivables. To the extent that, on and as of any Transfer Date, Receivables owned by the Originator which do not constitute Transferred Receivables have not been identified as Sold Receivables pursuant to Section 2.01(b) then the Originator shall, unless it has delivered an Election Notice (as defined below) to Buyer, contribute such Receivables to Buyer as a capital contribution (each such contributed Receivable, individually, a "Contributed Receivable," and collectively, the "Contributed Receivables"). If the Originator elects not to contribute Receivables to Buyer on any Transfer Date, or if any Receivables eligible for sale and owned by the Originator are not sold on any Transfer Date, the Originator shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof substantially in the form of Exhibit 2.01(d) (each such notice, an "Election Notice").
Determination of Contributed Receivables. Prior to the delivery of an Election Notice, on each Transfer Date on which a Buyer cannot pay the Sale Price therefore in cash, its Related Originator shall identify Receivables then owned by it which have not been previously acquired by such Buyer, and shall, unless it delivers an Election Notice on such date, contribute such Receivables as a capital contribution to such Buyer (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”), to the extent such Buyer cannot so pay the Sale Price therefor in cash pursuant to the foregoing clause (c). Notwithstanding the foregoing, no Originator shall be obligated to make additional contributions to its Related Buyer at any time. If on any Transfer Date an Originator elects not to contribute Receivables to its Related Buyer when such Buyer cannot pay the Sale Price therefore in cash, such Originator shall deliver to its Related Buyer (with a copy to the Seller and the Purchaser Agent) not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an “Election Notice”).
Determination of Contributed Receivables. On each Transfer Date, AK Steel shall identify Receivables then owned by it which have not been previously acquired by Buyer, and shall, prior to the delivery of an Election Notice, contribute such Receivables as a capital contribution to the Buyer (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”), to the extent Buyer cannot pay the Sale Price therefor in cash or through Subordinated Loans or the issuance of a Letter of Credit pursuant to the foregoing clauses (b) and (c). Notwithstanding the foregoing, AK Steel shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date (i) AK Steel elects not to contribute Receivables to Buyer, or (ii) any Originator (other than AK Steel) does not sell all of its then owned Receivables to Buyer, such Originator shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an “Election Notice”).
Determination of Contributed Receivables. On each Transfer Date, Xxxxxx Micro shall identify Receivables and other Receivable Assets related thereto then owned by Xxxxxx Micro which have not been previously acquired by Buyer or identified for sale to Buyer pursuant to clause (b) above, and shall, prior to the delivery of an Election Notice, contribute such Receivables and other Receivable Assets related thereto as a capital contribution to the Buyer (each such contributed Receivable individually, a "Contributed Receivable," and collectively, the "Contributed Receivables"), to the extent Buyer cannot pay the Sale Price therefor first, in cash or second, through Subordinated Loans pursuant to the foregoing clauses (b) and (c). Notwithstanding the foregoing, Xxxxxx Micro shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date (i) Xxxxxx Micro elects not to contribute Receivables and other Receivable Assets to Buyer, or (ii) any Originator (other than Xxxxxx Micro) elects not to sell all of its then owned Receivables and other Receivable Assets to Buyer, Xxxxxx Micro or such Originator, as applicable, shall deliver to Buyer not later than 5:00 p.m. (New York time) on such Transfer Date a notice of election thereof (each such notice, an "Election Notice").
Determination of Contributed Receivables. Prior to the delivery of an Election Notice pursuant to this Section 2.01(d) on any Transfer Date the Member (i) may, by written notice to the Buyer, elect to treat the Receivables transferred by it on such date as a capital contribution to the Buyer, and (ii) hereby elects, on any Transfer Date on which the Buyer cannot pay the Sale Price therefore in cash or with Subordinated Loans, to treat the Receivables transferred by it on such date as a capital contribution to the Buyer (each Receivable that is the subject of an election under clause (i) or (ii) hereof shall be a “Contributed Receivable”). Notwithstanding the foregoing, the Member shall not be obligated or required at any time to make any capital contributions to Buyer and may by written notice to the Buyer, revoke its election under clause (ii) above. On any Transfer Date on which the Buyer cannot pay the Sale Price for Receivables in cash or with Subordinated Loans to an Originator, and if such Originator is the Member, Member does not elect to make a capital contribution of such Receivable Originator shall elect to terminate sales and transfers of Receivables hereunder by sending a written notice to Buyer and, at any time the Funding Agreement remains outstanding, to the Administrative Agent (any such notice an “Election Notice”).
Determination of Contributed Receivables. Prior to the delivery of an Election Notice, on each Transfer Date on which Buyer cannot pay the Sale Price therefore in cash, the applicable Transferor shall identify Receivables then owned by it which have not been previously acquired by Buyer, and shall, unless it delivers an Election Notice on such date, contribute such Receivables as a capital contribution to the Buyer (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”), to the extent Buyer cannot so pay the Sale Price therefor in cash. Notwithstanding the foregoing, the applicable Transferor shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date such Transferor elects not to contribute Receivables to Buyer when the Buyer cannot pay the Sale Price therefore in cash, such Transferor shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an “Election Notice”).
Determination of Contributed Receivables. To the extent that, on and as of any Transfer Date, Approved Receivables which do not constitute Transferred Receivables have not been identified as Sold Receivables pursuant to Section 2.01(b) then the Originator shall, unless it has delivered an election notice to SFC, contribute such Approved Receivables to SFC as a capital contribution (each such contributed Receivable individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”). If the Originator elects not to contribute Receivables to SFC on any Transfer Date, the Originator shall deliver to SFC not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of such election (each such notice, an “Election Notice”).
Determination of Contributed Receivables. To the extent that, on and as of any Transfer Date, Receivables owned by Metaldyne Company LLC do not constitute Sold Receivables, then Metaldyne Company LLC shall contribute such Receivables to MRFC as a capital contribution (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed Receivables”). Notwithstanding anything to the contrary herein, with respect to any Originator other than Metaldyne Company LLC, such Originator will distribute to Metaldyne Company LLC all Receivables that such Originator would otherwise sell to MRFC hereunder, and Metaldyne Company LLC will sell or contribute, as applicable, those Receivables to MRFC in accordance with the provisions hereof and of the Transfer Agreement if and to the extent that such Originator could not be compensated by MRFC for the transfer of such Receivables in cash or advances under the Subordinated Notes payable to such Originator pursuant to Sections 2.01(b) and (c) above.
