Common use of Purchase Termination Clause in Contracts

Purchase Termination. (a) On the Termination Date, the Originator shall cease transferring CMSC Purchased Assets to the Buyer, provided that any right, title and interest of the Originator in and to any CMF Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to the Buyer of additional CMSC Purchased Assets, CMSC Purchased Assets transferred to the Buyer prior to the Termination Date and CMSC Collections in respect of such CMSC Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC Receivables, shall continue to be property of the Buyer available for transfer by the Buyer pursuant to the Receivables Purchase Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF Purchase Termination Event, the Buyer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of a CMF Purchase Termination Event shall not deny to the Buyer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the Termination Date, the Originator shall cease transferring CMSC Cartus Purchased Assets to the Buyer, provided that any right, title and interest of the Originator in and to any CMF CFC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to the Buyer of additional CMSC Cartus Purchased Assets, CMSC Cartus Purchased Assets transferred to the Buyer prior to the Termination Date and CMSC Cartus Collections in respect of such CMSC Cartus Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC Cartus Receivables, shall continue to be property of the Buyer available for transfer by the Buyer pursuant to the Receivables Purchase Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF CFC Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF CFC Purchase Termination Event, the Buyer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of a CMF CFC Purchase Termination Event shall not deny to the Buyer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the Termination Date, the Originator shall cease transferring CMSC Cartus Purchased Assets to the Buyer, provided that any right, title and interest of the Originator in and to any CMF CRC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to the Buyer of additional CMSC Cartus Purchased Assets, CMSC Cartus Purchased Assets transferred to the Buyer prior to the Termination Date and CMSC Cartus Collections in respect of such CMSC Cartus Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC Cartus Receivables, shall continue to be property of the Buyer available for transfer by the Buyer pursuant to the Receivables Purchase Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF CRC Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF CRC Purchase Termination Event, the Buyer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided to a buyer of accounts, chattel paper, promissory notes or payment intangibles under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without Subject to the limitations on recourse set forth herein but otherwise without limiting the foregoing, the occurrence of a CMF CRC Purchase Termination Event shall not deny to the Buyer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the Termination Date, the Originator shall cease transferring CMSC Fee Purchased Assets to the Buyer, provided that any right, title and interest of the Originator in and to any CMF Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferredIssuer. Notwithstanding any cessation of the transfer to the Buyer Issuer of additional CMSC Fee Purchased Assets, CMSC Fee Purchased Assets transferred to the Buyer Issuer prior to the Termination Date and CMSC Fee Collections in respect of such CMSC Fee Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC Fee Receivables, shall continue to be property of the Buyer Issuer available for transfer by the Buyer Issuer pursuant to the Fee Receivables Purchase Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF KF Purchase Termination Event, the Buyer Issuer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of a CMF KF Purchase Termination Event shall not deny to the Buyer Issuer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer Issuer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the Termination Date, the Originator shall cease transferring CMSC Purchased Assets to the Buyer, provided that any right, title and interest of the Originator in and to any CMF CMGFSC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to the Buyer of additional CMSC Purchased Assets, CMSC Purchased Assets transferred to the Buyer prior to the Termination Date and CMSC Collections in respect of such CMSC Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC Receivables, shall continue to be property of the Buyer available for transfer by the Buyer pursuant to the Receivables Purchase Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF CMGFSC Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF CMGFSC Purchase Termination Event, the Buyer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of a CMF CMGFSC Purchase Termination Event shall not deny to the Buyer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the KF Termination Date, the Originator Seller shall cease transferring CMSC KF Purchased Assets to the BuyerIssuer, provided that such cessation shall not limit any right, title and interest of the Originator Issuer may have in and to any CMF CRC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to the Buyer Issuer of additional CMSC KF Purchased Assets, CMSC KF Purchased Assets transferred to the Buyer Issuer prior to the Termination Date and CMSC Pool Collections in respect of such CMSC KF Purchased Assets and the related Finance Charges, whenever accrued in respect of such CMSC ReceivablesKF Purchased Assets, shall continue to be property of the Buyer Issuer available for transfer by the Buyer Issuer pursuant to the Receivables Purchase Servicing Agreement. Nothing in this Section 9.2 shall be deemed to prohibit the Buyer from funding CMF Designated Receivables from and after the Termination Date. (b) Upon the occurrence of a CMF KF Purchase Termination Event, the Buyer Issuer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided to a buyer of accounts, chattel paper, promissory notes or payment intangibles under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without Subject to the limitations on recourse set forth herein but otherwise without limiting the foregoing, the occurrence of a CMF KF Purchase Termination Event shall not deny to the Buyer Issuer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which the Buyer Issuer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.