Common use of Purchase Termination Event Clause in Contracts

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.

Appears in 2 contracts

Samples: Receivables Contribution and Sale Agreement (Safeguard Scientifics Inc Et Al), Receivables Contribution and Sale Agreement (Compucom Systems Inc)

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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 noticenotice (in either case, a "Purchase Termination Event").

Appears in 1 contract

Samples: Receivables Purchase Agreement (Escalade Inc)

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.

Appears in 1 contract

Samples: Contribution and Sale Agreement (Compucom Systems Inc)

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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 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 , shall take effect on the Business Day after the day of receipt by the recipient of such noticenotice (in either case, a "Purchase Termination Event").

Appears in 1 contract

Samples: Receivables Purchase Agreement (Escalade Inc)

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