Common use of Optional Liquidation Clause in Contracts

Optional Liquidation. Upon the occurrence of a Termination Event (other than a Termination Event described in subsection (h) of Section 10.1), the Administrator shall, at the request, or may with the consent, of the Required Purchasers, by notice to Seller, declare the Purchase Termination Date to have occurred and the Termination Period to have commenced.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc)

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

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Inacom Corp), Receivables Purchase Agreement (Milacron Inc)

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

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Charming Shoppes Inc), Purchase and Sale Agreement (Charming Shoppes Inc)

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

Appears in 2 contracts

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

Optional Liquidation. Upon the occurrence of a Termination Liquidation Event (other than a Termination Liquidation Event described in subsection (e), (g), (h), (l) or (m) of Section 10.110.01), the Administrator shall, at the request, or may with the consent, of the Required PurchasersPurchaser, by notice to Seller, Seller declare the Purchase Termination Date to have occurred and the Termination Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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

Appears in 1 contract

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

Optional Liquidation. Upon the occurrence of a Termination Event (other than a Termination Event described in subsection (hf) of Section 10.1), the Administrator shall, at the request, or may with the consent, of the Required Purchasers, by notice to Seller, declare the Purchase Termination Date to have occurred and the Termination Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Land O Lakes Inc)

Optional Liquidation. Upon the occurrence of a Termination Liquidation Event (other than a Termination Liquidation Event described in subsection (hf) of Section 10.1), the Administrator shall, at the request, or may with the consent, of the Required Purchaserseach Conduit Purchaser, by notice to Seller, Seller declare the Purchase Termination Date to have occurred and the Termination Liquidation Period to have commenced.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

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