Common use of Pay Out Event Clause in Contracts

Pay Out Event. As of the Initial Closing Date, no Pay Out Event and no condition that with the giving of notice and/or the passage of time would constitute a Pay Out Event (a "Prospective Pay Out Event"), has occurred and is continuing.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/), Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

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Pay Out Event. As of the Initial Closing Date, no Pay Out Event and no ------------- condition that with the giving of notice and/or the passage of time would constitute a Pay Out Event (a "Prospective Pay Out Event"), has occurred and is continuing.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Pay Out Event. As of the Initial Closing Date, no No Pay Out Event and no condition that with the giving of notice and/or the passage of time would constitute constitutes a Pay Out Event (a "β€œProspective Pay Out Event"), ”) has occurred and is continuing.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust)

Pay Out Event. As of the Initial Closing Date, no No Pay Out Event and no condition that with the giving of notice and/or the passage of time would constitute a Pay Out Event (a "Prospective Pay Out Event"), has occurred and is continuing.

Appears in 1 contract

Samples: Purchase Agreement (Fingerhut Receivables Inc)

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Pay Out Event. As of the Initial Closing Date, no Pay Out Event and no condition that with the giving of notice and/or the passage of time would constitute a Pay Out Event (a "Prospective Pay Out EventPROSPECTIVE PAY OUT EVENT"), has occurred and is continuing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Apparel Retailers Inc)

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