Common use of Purchase Termination Clause in Contracts

Purchase Termination. (a) The agreement of the Purchaser to purchase Receivables and Related Assets hereunder shall terminate on the Purchase Termination Date. (b) Notwithstanding any such termination described under paragraph (a) above, certain provisions of this Agreement shall remain in full force and effect as provided in Section 9.03.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Imperial Holdings, Inc.)

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Purchase Termination. (a) The agreement of the Purchaser Seller to purchase sell Receivables and Related Assets hereunder shall terminate on the Purchase Termination Date. (b) Notwithstanding any such termination described under paragraph (a) above, certain all other provisions of this Agreement shall remain in full force and effect as provided in Section 9.038.03.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Imperial Holdings, Inc.), Purchase and Contribution Agreement (Imperial Holdings, Inc.)

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