Common use of Optional Termination Clause in Contracts

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators (with a copy to the Administrator) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Sequa Corp /De/), Purchase and Sale Agreement (Pittston Co), Purchase and Sale Agreement (Imo Industries Inc)

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Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company Buyer shall have the option by notice to the Originators Originator (with a copy to Warnaco Operations and the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Master Agreement of Sale (Warnaco Group Inc /De/), Master Agreement of Sale (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Lesco Inc/Oh), Purchase and Sale Agreement (Church & Dwight Co Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators Originator (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Pilgrims Pride Corp), Purchase and Sale Agreement (Minnesota Power & Light Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators Originator (with a copy to the AdministratorAgent and the Insurer) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Adesa California, LLC), Purchase and Sale Agreement (Adesa Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators each Originator (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Imperial Sugar Co /New/)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Company shall have the option by written notice to the Originators (with a copy to the Administratoreach Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Steel Corp)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, -------------------- the Company (and not the Servicer) shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination EventEvent other than by reason of a Purchase and Sale Termination Event of the type described in Section 8.1(f), the Company shall have the option by notice to the Originators Originator (with a copy to the AdministratorAdministrative Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prosource Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators Seller (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consol Energy Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators (with a copy to the Administrator) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Brands Corp)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination -------------------- Event, the Company Company, with the consent of the Agent, shall have the option by notice to the Originators Originator (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Yuasa Inc)

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Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase Facility as terminated. 20 Purchase and Sale Termination Date to have occurred.Sales Agreement

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators (with a copy to the Administratoreach Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sequa Corp /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) Agent), to declare terminate the Purchase Facility by declaring the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators Seller (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase Sale and Sale Contribution Termination Event, the Company shall have the option option, by notice to the Originators Transferor (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurredFacility as terminated.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Arch Coal Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.Facility as terminated. (b)

Appears in 1 contract

Samples: Omnibus Amendment to Purchase and Sale Agreement, Receivables Purchase Agreement, and Performance Guaranty (Cooper Tire & Rubber Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurredDate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (York International Corp /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company Buyer shall have the option option, by notice to the Originators Sellers (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurredFacility as terminated.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Fleetcor Technologies Inc)

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