Common use of Provisions becoming unenforceable Clause in Contracts

Provisions becoming unenforceable. Any provision of any of the Transaction Documents to which the Seller is a party is or becomes, for any reason, invalid or unenforceable and for so long as such provision remains invalid and unenforceable to an extent which, in the reasonable opinion of the Accounts Administrator, is likely materially and adversely to affect the ability of the Seller (acting in any capacity under any of the Transaction Documents to which it is a party) to perform its obligations under any of the Transaction Documents to which it is a party in a manner which is material and adverse in the context of the Transaction or which is likely to materially and adversely affect the collectability of the Purchased Receivables or any of them.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Arvinmeritor Inc), Receivables Purchase Agreement (Meritor Inc)

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Provisions becoming unenforceable. Any provision of any of the Transaction Documents to which the any Seller is a party is or becomes, for any reason, invalid or unenforceable and for so long as such provision remains invalid and unenforceable to an extent which, in the reasonable opinion of the Accounts AdministratorPurchaser, is likely materially and adversely to affect the ability of the any Seller (acting in any capacity under any of the Transaction Documents to which it is a party) to perform its obligations under any of the Transaction Documents to which it is a party in a manner which is material and adverse in the context of the Transaction or which is likely to materially and adversely affect the collectability of the Purchased Receivables or any of them.

Appears in 2 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (Meritor Inc)

Provisions becoming unenforceable. Any provision of any of the Transaction Documents to which the Seller is a party is or becomes, for any reason, invalid or unenforceable and for so long as such provision remains invalid and unenforceable to an extent which, in the reasonable opinion of the Accounts AdministratorPurchaser, is likely materially and adversely to affect the ability of the any Seller (acting in any capacity under any of the Transaction Documents to which it is a party) to perform its obligations under any of the Transaction Documents to which it is a party in a manner which is material and adverse in the context of the Transaction or which is likely to materially and adversely affect the collectability of the Purchased Receivables or any of them.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Meritor Inc)

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Provisions becoming unenforceable. Any provision of any of the Transaction Documents to which the Seller is a party is or becomes, for any reason, invalid or unenforceable and for so long as such provision remains invalid and unenforceable to an extent which, in the reasonable opinion of the Accounts AdministratorPurchaser, is likely materially and adversely to affect the ability of the Seller (acting in any capacity under any of the Transaction Documents to which it is a party) to perform its obligations under any of the Transaction Documents to which it is a party in a manner which is material and adverse in the context of the Transaction or which is likely to materially and adversely affect the collectability of the Purchased Receivables or any of them.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Meritor Inc)

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