Purchase Termination Event Sample Clauses

Purchase Termination Event. Either (i) an election by the --------------------------- Seller to no longer sell Receivables and Related Rights to the Buyer hereunder by delivery to the Buyer of a notice to that effect or (ii) an election by the Buyer to no longer purchase Receivables and Related Rights from the Seller hereunder by delivery to the Seller of a notice to that effect; such notice to take effect on the Business Day after the day of receipt by the recipient of such notice.
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Purchase Termination Event. As soon as reasonably practicable and in any event within three (3) Business Days after any Responsible Officer of the Originator obtains knowledge of the occurrence of each Purchase Termination Event or Incipient Purchase Termination Event (if such Incipient Purchase Termination Event is continuing on the date of such notice), the statement of a Responsible Officer of the Originator setting forth the details of such Purchase Termination Event or Incipient Purchase Termination Event and the action which it is taking or proposes to take with respect thereto.
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Purchase Termination Event. As of the Initial Closing Date, no Purchase Termination Event or Incipient Purchase Termination Event has occurred and is continuing.
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Purchase Termination Event. If the Bank shall consent to the appointment of a bankruptcy trustee or receiver or liquidator in any bankruptcy proceeding or any other insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to all or substantially all of its Accounts or a decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a bankruptcy trustee or receiver or liquidator in any bankruptcy proceeding or any other insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceeding or for the winding up or liquidation of its affairs shall have been entered against the Bank; or the Bank shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations; or the Bank shall become unable for any reason to sell Receivables to the Purchaser in accordance with the provisions of this Agreement; or the Purchaser shall become unable for any reason to purchase Receivables from the Bank in accordance with the provisions of this Agreement, then the Purchaser's obligation to purchase Receivables from the Bank shall automatically be terminated upon the happening of such event (a "Purchase Termination Event").
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Purchase Termination Event. 45 SECTION 9.1.13 Acceleration of Certain Indebtedness of the Sellers; Termination of Commitments Under BII Credit Agreement..............................45 SECTION 9.1.14
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Purchase Termination Event. A Purchase Termination Event shall have occurred and be continuing under the Purchase Agreement.
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Purchase Termination Event. Promptly and in any event --------------------------- within 5 Business Days after an Authorized Officer has knowledge thereof, written notice of any Purchase Termination Event, Servicer Default, Amortization Event or Event of Default or any event which, with the giving of notice or passage of time or both, would constitute such an event.
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Purchase Termination Event. 17 ARTICLE 9 MISCELLANEOUS................................................................................17
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Purchase Termination Event. The Seller and the Purchaser hereby covenant and agree that in the event that any of the following has occurred:
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Related to Purchase Termination Event

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Servicer Termination Event For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Servicer Termination Events The following events will each be a “Servicer Termination Event”:

  • Additional Termination Events The following Additional Termination Events will apply:

  • Termination Option Event The term “

  • Notice of Termination Events or Unmatured Termination Events A statement of the chief financial officer or chief accounting officer of the Seller setting forth details of any Termination Event or Unmatured Termination Event and the action which the Seller proposes to take with respect thereto.

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