Common use of Effect of Purchase Termination Date Clause in Contracts

Effect of Purchase Termination Date. Following the occurrence of the Purchase Termination Date pursuant to Section 8.1 hereof, the Seller shall not sell, and the Purchaser shall not purchase, any Receivables. No termination or rejection or failure to assume the executory obligations of this Agreement in any Event of Bankruptcy with respect to the Seller or the Purchaser shall be deemed to impair or affect the obligations pertaining to any executed sale or executed obligations, including, without limitation, pre-termination breaches of representations and warranties by the Seller or the Purchaser. Without limiting the foregoing, prior to the Purchase Termination Date, the failure of the Seller to deliver computer records of any Receivables or any reports regarding any Receivables shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article V or Section 10.1 of this Agreement render an executed sale executory.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (United Stationers Inc), Receivables Purchase Agreement (United Stationers Inc)

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Effect of Purchase Termination Date. Following the occurrence of the Purchase Termination Date pursuant to Section 8.1 hereof, the Seller shall not sell, and the Purchaser shall not purchase, any Receivables. No termination or rejection or failure to assume the executory obligations of this Agreement in any Event of Bankruptcy with respect to the Seller or the Purchaser shall be deemed to impair or affect the obligations pertaining to any executed sale or executed obligations, including, without limitation, pre-termination breaches of representations and warranties by the Seller or the Purchaser. Without limiting the foregoing, prior to the Purchase Termination Date, the failure of the Seller to deliver computer records of any Receivables or any reports regarding any Receivables shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article V or Section 10.1 9.1 of this Agreement render an executed sale executory.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Unova Inc)

Effect of Purchase Termination Date. Following the occurrence of the Purchase Termination Date pursuant to Section 8.1 hereof7.1, the Seller shall not sell, and the Purchaser shall not purchase, any Receivables. No termination or rejection or failure to assume the executory obligations of this Agreement in any Event of Bankruptcy with respect to the Seller or the Purchaser shall be deemed to impair or affect the obligations pertaining to any executed sale or executed obligations, including, without limitation, including pre-termination breaches of representations and warranties by the Seller or the Purchaser. Without limiting the foregoing, prior to the Purchase Termination Date, the failure of the Seller to deliver computer records of any Receivables or any reports regarding any Receivables shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article V IV or Section 10.1 8.1 of this Agreement render an executed sale executory.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adama Agricultural Solutions Ltd.)

Effect of Purchase Termination Date. Following the occurrence of the Purchase Termination Date pursuant to Section 8.1 hereof7.1, the Seller Originators shall not sell, and the Purchaser United Receivables I shall not purchase, any ReceivablesTransferred Assets. No termination or rejection or failure to assume the executory obligations of this Agreement in any Event of Bankruptcy with respect to the Seller any Originator or the Purchaser United Receivables I shall be deemed to impair or affect the obligations pertaining to any executed sale or executed obligations, including, without limitation, including pre-termination breaches of representations and warranties by the Seller any Originator or the Purchaser. United Receivables I. Without limiting the foregoing, prior to the Purchase Termination Date, the failure of the Seller any Originator to deliver computer records of any Receivables Transferred Assets or any reports regarding any Receivables Transferred Assets shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article V IV or Section 10.1 8.1 of this Agreement render an executed sale executory.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (United Rentals Inc /De)

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Effect of Purchase Termination Date. Following the occurrence of the Purchase Termination Date pursuant to Section 8.1 hereof, the Seller Sellers shall not sell, and the Purchaser shall not purchase, any Receivables. No termination or rejection or failure to assume the executory obligations of this Agreement in any Event of Bankruptcy with respect to the applicable Seller or the Purchaser shall be deemed to impair or affect the obligations pertaining to any executed sale or executed obligations, including, without limitation, pre-termination breaches of representations and warranties by the such Seller or the Purchaser. Without limiting the foregoing, prior to the Purchase Termination Date, the failure of the applicable Seller to deliver computer records of any Receivables or any reports regarding any Receivables shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Article V or Section 10.1 9.1 of this Agreement render an executed sale executory.

Appears in 1 contract

Samples: Originator Receivables Purchase Agreement (Unova Inc)

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