Common use of Offer to Purchase; Purchase and Sale Clause in Contracts

Offer to Purchase; Purchase and Sale. On any Business Day during the term of this Agreement, the Seller Representative may submit through the PrimeRevenue System (or deliver a manually executed Purchase Request if the PrimeRevenue System is unavailable) with respect to the Receivables detailed therein; provided that the Seller Representative may not submit such Purchase Request with respect to any Receivable owed to Plexus Malaysia until the conditions under Section 8.1 with respect to Plexus Malaysia have been satisfied. The submission or delivery of such Purchase Request shall be, and be deemed for all purposes hereunder as, an offer by the Seller of such Receivables to sell to the Purchaser such Receivables. The Purchaser, in its sole and absolute discretion, may elect to accept or reject the offer to purchase such Receivables, in whole or in part. If the Purchaser accepts such offer, in whole or in part, the Purchaser shall notify the Seller Representative and shall identify the Receivables that it has agreed to purchase, and on the Purchase Date therefor, subject to the terms and conditions set forth herein, (a) the Purchaser shall purchase from each relevant Seller the accepted Receivables to be sold by such Seller, and (b) each such Seller shall sell and assign to the Purchaser all of such Seller's right, title and interest in and to such Receivables as absolute owner thereof.

Appears in 2 contracts

Samples: Master Accounts Receivable Purchase Agreement (Plexus Corp), Master Accounts Receivable Purchase Agreement (Plexus Corp)

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Offer to Purchase; Purchase and Sale. On any Business Day during the term of this Agreement, the each Seller Representative may submit through the PrimeRevenue System (or deliver a manually executed Purchase Request if the PrimeRevenue System is unavailable) a Purchase Request with respect to the Receivables detailed therein; provided that the Seller Representative (a) no Purchase Requests may not submit such Purchase Request be submitted with respect to any Receivable owed to Plexus Malaysia until the conditions under Section 8.1 have been satisfied with respect to Plexus Malaysia Malaysia, (b) no Purchase Requests may be submitted with respect to any Receivable owed to Plexus Romania until the conditions under Section 4 of the Third Amendment have been satisfiedsatisfied with respect to Plexus Romania, and (c) no Purchase Requests may be submitted with respect to any Receivable owed to Plexus UK until the conditions under Section 4 of the Third Amendment have been satisfied with respect to Plexus UK. The submission or delivery of such Purchase Request shall be, and be deemed for all purposes hereunder as, an offer by the Seller of such Receivables to sell to the Purchaser such Receivables. The Purchaser, in its sole and absolute discretion, may elect to accept or reject the offer to purchase such Receivables, in whole or in part. If the Purchaser accepts such offer, in whole or in part, the Purchaser shall notify the applicable Seller Representative and shall identify the Receivables that it has agreed to purchase, and on the Purchase Date therefor, subject to the terms and conditions set forth herein, (ax) the Purchaser shall purchase from each relevant Seller the accepted Receivables to be sold by such Seller, and (by) each such Seller shall sell and assign to the Purchaser all of such Seller's right, title and interest in and to such Receivables as absolute owner thereof.

Appears in 1 contract

Samples: Master Accounts Receivable Purchase Agreement (Plexus Corp)

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Offer to Purchase; Purchase and Sale. On any Business Day during the term of this Agreement, a Seller may deliver to the Purchaser a fully completed Purchase Request with respect to Receivables of such Seller Representative may submit through set forth on Schedule A thereto or submit, via the PrimeRevenue System (or deliver System, a manually executed Purchase Request if the PrimeRevenue System is unavailable) with respect to the Receivables detailed therein; provided that of such Seller submitted onto the Seller Representative may not submit such Purchase Request with respect to any Receivable owed to Plexus Malaysia until the conditions under Section 8.1 with respect to Plexus Malaysia have been satisfiedPrimeRevenue System. The delivery or submission or delivery of such Purchase Request shall be, and be deemed for all purposes hereunder as, an offer by the Seller of such Receivables to sell to the Purchaser such Receivables. The Purchaser, in its sole and absolute discretion, may elect to accept or reject the offer to purchase such Receivables, in whole or in partand shall make such election within two (2) Business Days after Seller’s delivery of the applicable Purchase Request. If the Purchaser accepts such offer, in whole or in part, the Purchaser shall notify the each relevant Seller Representative and shall identify the Receivables that it has agreed to purchase, and on the Purchase Date therefor, subject to the terms and conditions set forth herein, (a) the Purchaser shall purchase from each relevant Seller and pay for the accepted Receivables to be sold by such Seller, and (b) each such Seller shall sell and assign to the Purchaser all of such Seller's right, title and interest in and to such Receivables as absolute owner thereof; provided that the Purchase Date shall be no later than three (3) Business Days after such Seller has delivered or submitted the Purchase Request to the Purchaser.

Appears in 1 contract

Samples: Master Accounts Receivable Purchase Agreement (Zebra Technologies Corp)

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