Common use of Notice to Obligors Clause in Contracts

Notice to Obligors. At any time when a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest by Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Milacron Inc)

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Notice to Obligors. At any time when after the occurrence of a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest by Purchaserthe Administrator, for the benefit of the Purchasers.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

Notice to Obligors. At any time when a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest by Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Inacom Corp)

Notice to Obligors. At any time when after the occurrence of a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest by Purchaserthe Administrator, for the ratable benefit of the Purchasers.

Appears in 1 contract

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc)

Notice to Obligors. At any time when a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Purchased Interest by Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Standard Products Co)

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Notice to Obligors. At any time when during the continuance of a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest Interests by Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

Notice to Obligors. At any time when a Liquidation Event (other than an Excepted Liquidation Event) has occurred and is continuinghas not been waived by the Administrator, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest by the Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Notice to Obligors. At any time when during the continuance of a Liquidation Event (other than an Excepted ------------------ Liquidation Event) has occurred and is continuing, the Administrator may notify the Obligors of Pool Receivables, or any of them, of the ownership of the Asset Interest Interests by Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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