Common use of Optional Liquidation Clause in Contracts

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.1), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agent, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

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Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (ed) of Section 10.1), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agentthe Purchaser, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (ef) of Section 10.110.01), the Administrative Agent Administrator shall, at the request, or may with the consent, of any Purchaser AgentPurchasers, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Conmed Corp), Receivables Purchase Agreement (Conmed Corp), Receivables Purchase Agreement (Avista Corp)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.1), the Administrative any Agent shall, at the request, or may with the consent, of any Purchaser Agentthe related Purchaser, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (ef) of Section 10.110.01), the Administrative Agent shall, at the request, request (or may with the consent, ) of any Purchaser AgentPurchaser, by notice to the Seller Seller, declare the Funding Commitment Termination Date to have occurred and the Liquidation Period to have commencedoccurred.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fruit of the Loom Inc /De/)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.1), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agentthe Purchaser, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.110.1(e)), the Administrative any Agent shall, at the request, or may with the consent, of any Purchaser Agentthe related Purchaser, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/)

Optional Liquidation. Upon the occurrence and during the continuance of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.1), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agentthe Purchaser, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Mascotech Inc)

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Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.110.1 with respect to the Seller), the Administrative Agent Administrator shall, at the request, or may with the consent, of any Purchaser Agentthe Purchaser, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (ef) of Section 10.110.01), the Administrative Agent Administrator and the Relationship Bank shall, at the request, or may with the consent, of any Purchaser AgentPurchaser, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Anuhco Inc)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.110.1(e)), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agentthe Purchaser, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection subsections (ef),(p),(q), (r) or (u) of Section 10.110.01 ), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser AgentPurchaser, by notice to the Seller declare the Funding Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Anuhco Inc)

Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (ef) of Section 10.110.01), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agentmay, by notice to the Seller Seller, declare the Funding Commitment Termination Date to have occurred and the Liquidation Period to have commencedoccurred.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Sunterra Corp)

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