Common use of Purchase and Sale Termination Events Clause in Contracts

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section 8.1 shall constitute a "Purchase and Sale Termination Event": (a) A Termination Event shall have occurred and, except for the Termination Event described in Section 10.01(j) of the Receivables Purchase Agreement, the Buyer shall have declared the Purchase and Sale Termination Date to have occurred; or (b) Any Originator shall fail to make any payment or deposit to be made by it hereunder when due; or (c) Any representation or warranty made or deemed to be made by any Originator (or any of its officers) under or in connection with this Agreement, any other Purchase Documents, or any other information or report delivered pursuant hereto or thereto shall prove to have been false or incorrect in any material respect when made or deemed made; or (d) Any Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such failure shall remain unremedied for 20 days after written notice thereof shall have been given by the Servicer to such Originator.

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section SECTION 8.1 shall constitute a "Purchase and Sale Termination EventPURCHASE AND SALE TERMINATION EVENT": (a) A Termination Event (as defined in the Receivables Purchase Agreement) shall have occurred and, except for in the case of a Termination Event (other than one described in Section 10.01(jparagraph (f) of Exhibit V of the Receivables Purchase Agreement), the Buyer Administrator shall have declared the Purchase and Sale Facility Termination Date to have occurred; or (b) Any The Originator shall fail to make any payment or deposit to be made by it hereunder when duedue and such failure shall remain unremedied for two (2) Business Days; or (c) Any representation or warranty made or deemed to be made by any the Originator (or any of its officers) under or in connection with this Agreement, any other Purchase Documents, Transaction Documents or any other information or report delivered pursuant hereto or thereto shall prove to have been false or incorrect in any material respect when made or deemed mademade and shall remain incorrect or untrue for seven (7) Business Days after notice to the Originator of such inaccuracy; or (d) Any The Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such failure shall remain unremedied for 20 days seven (7) Business Days after written notice thereof shall have been given by the Servicer to such the Originator.

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section 8.1 shall constitute a "Purchase and Sale Termination Event": (a) A Termination Event (as defined in the Receivables Purchase Agreement) shall have occurred and, except for in the case of a Termination Event (other than one described in Section 10.01(jparagraph (f) of Exhibit V of the Receivables Purchase Agreement), the Buyer Administrator, the Issuer shall have declared the Purchase and Sale Facility Termination Date to have occurred; or (b) Any Originator shall fail to make any payment or deposit to be made by it hereunder when duedue and such failure shall remain unremedied for two (2) Business Days; or (c) Any representation or warranty made or deemed to be made by any Originator (or any of its officers) under or in connection with this Agreement, any other Purchase Documents, Transaction Documents or any other information or report delivered pursuant hereto or thereto shall prove to have been false or incorrect in any material respect when made or deemed made; or (d) Any Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such failure shall remain unremedied for 20 30 calendar days after written notice thereof shall have been given by the Servicer to such Originator.

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section 8.1 shall constitute a "“Purchase and Sale Termination Event"”: (a) A The Facility Termination Event shall have occurred and, except for the Termination Event described Date (as defined in Section 10.01(j) of the Receivables Purchase Agreement, the Buyer ) shall have declared the Purchase and Sale Termination Date to have occurred; or (b) Any Originator shall fail to make when due any payment or deposit to be made by it hereunder when dueunder this Agreement or any other Transaction Document to which it is a party and such failure shall remain unremedied for one (1) Business Day; or (c) Any representation or warranty made or deemed to be made by any Originator (or any of its officers) under or in connection with this Agreement, any other Purchase DocumentsTransaction Documents to which it is a party, or any other information or report delivered pursuant hereto or thereto shall prove to have been false incorrect or incorrect untrue in any material respect when made or deemed mademade or delivered; or (d) Any Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement or any other Transaction Document to which it is a party on its part to be performed or observed and such failure shall remain unremedied continue for 20 thirty (30) days after written notice thereof shall have been given by the Servicer to earlier of such Originator.’s knowledge or notice thereof

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section 8.1 shall constitute a "Purchase and Sale Termination Event": (a) A Termination An Event of Default under the Financing Agreement shall have occurred and, except for the Termination Event described in Section 10.01(j) of the Receivables Purchase Agreement, the Buyer shall have declared the Purchase and Sale Termination Date to have occurredbe continuing; or (b) Any The Originator shall fail to make any payment or deposit to be made by it hereunder when duedue and such failure shall remain unremedied for five (5) Business Days; or (c) Any representation or warranty made or deemed to be made by any Originator (or any of its officers) under or in connection with this Agreement, any other Purchase Documents, Agreement or any other information or report delivered pursuant hereto or thereto shall prove to have been false or incorrect in any material respect when made or deemed made; or (d) Any Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such failure shall remain unremedied for 20 30 calendar days after written notice thereof shall have been given by the Company or the Servicer to such Originator.

Purchase and Sale Termination Events. Each of the following events or occurrences described in this Section 8.1 shall constitute a "Purchase and Sale Termination Event": (a) A Termination Event (as defined in the Receivables Purchase Agreement) shall have occurred and, except for in the case of a Termination Event (other than one described in Section 10.01(jparagraph (f) of Exhibit V of the Receivables Purchase Agreement), the Buyer Administrator, shall have declared the Purchase and Sale Facility Termination Date to have occurred; or (b) Any Originator shall fail to make any payment or deposit to be made by it hereunder when duedue and such failure shall remain unremedied for two (2) Business Days; or (c) Any representation or warranty made or deemed to be made by any Originator (or any of its officers) under or in connection with this Agreement, any other Purchase Transaction Documents, or any other information or report delivered pursuant hereto or thereto shall prove to have been false or incorrect in any material respect when made or deemed made; or (d) Any Originator shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such failure shall remain unremedied for 20 days five (5) Business Days after written notice thereof shall have been given by the Servicer to such Originator.