Common use of Receivables Purchase Document Events Clause in Contracts

Receivables Purchase Document Events. A “Termination Event” (as defined in the 2000 Receivables Sale Agreement), an “Amortization Event” (as defined in the 2000 Receivables Purchase Agreement) or any other breach or event of like import under any replacement Receivables Purchase Documents permitted hereby (any such event, a “Receivables Facility Trigger Event”) shall (i) occur with respect to the conduct or performance of (a) any Originator, (b) any servicer of the Receivables (so long as such servicer is the Borrower or a Subsidiary thereof) under the Receivables Purchase Documents, (c) any guarantor of the obligations of any Originator or servicer under the Receivables Purchase Documents or (d) any of their respective Subsidiaries other than an SPV and (ii) result in the termination of reinvestments of collections or proceeds of Receivables and Related Security under any agreements evidencing Receivables Facility Attributed Indebtedness (it being understood and agreed that the occurrence of a Receivables Facility Trigger Event resulting solely from (x) the conduct or performance of an SPV and/or (y) the performance or quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken together with the circumstances described in the foregoing clause (ii), shall not give rise to a Default under this Section 8.1(Q)). A Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 9.3.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Energizer Holdings Inc), Term Loan Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc)

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Receivables Purchase Document Events. A “Termination Event” (as defined in the 2000 Receivables Sale Agreement), an “Amortization Event” (as defined in the 2000 2009 Receivables Purchase Agreement) or any other breach or event of like import under any replacement Receivables Purchase Documents permitted hereby (any such event, a “Receivables Facility Trigger Event”) shall (i) occur with respect to the conduct or performance of (a) any Originator, (b) any servicer of the Receivables (so long as such servicer is the Borrower or a Subsidiary thereof) under the Receivables Purchase Documents, (c) any guarantor of the obligations of any Originator or servicer under the Receivables Purchase Documents or (d) any of their respective Subsidiaries other than an SPV and (ii) result in the termination of reinvestments of collections or proceeds of Receivables and Related Security under any agreements evidencing Receivables Facility Attributed Indebtedness (it being understood and agreed that the occurrence of a Receivables Facility Trigger Event resulting solely from (x) the conduct or performance of an SPV and/or (y) the performance or quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken together with the circumstances described in the foregoing clause (ii), shall not give rise to a Default under this Section 8.1(Q)). A Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 9.3.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Energizer Holdings Inc), Term Loan Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc)

Receivables Purchase Document Events. A "Termination Event" (as defined in the 2000 Receivables Sale Agreement), an "Amortization Event" (as defined in the 2000 Receivables Purchase Agreement) or any other breach or event of like import under any replacement Receivables Purchase Documents permitted hereby (any such event, a "Receivables Facility Trigger Event") shall shall: (ia) occur with respect to the conduct or performance of (ai) any Originatormember of the Group party to such Receivables Purchase Document, (bii) any servicer of the Receivables (so long as such servicer is the Borrower Energizer Holdings or a Subsidiary thereof) under the Receivables Purchase Documents, (ciii) any guarantor of the obligations of any Originator member of the Group party to such Receivables Purchase Document or servicer under the Receivables Purchase Documents or (div) any of their respective Subsidiaries other than an SPV and SPV; and (iib) result in the termination of reinvestments of collections or proceeds of Receivables and Related Security under any agreements evidencing Receivables Facility Attributed Indebtedness (Indebtedness, it being understood and agreed that the occurrence of a Receivables Facility Trigger Event resulting solely from (xi) the conduct or performance of an SPV and/or (yii) the performance or quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken together with the circumstances described in the foregoing clause paragraph (ii), b) above shall not give rise to a an Event of Default under this Section 8.1(Q)). A Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 9.3Clause 24.17.

Appears in 1 contract

Samples: Facility Agreement (Energizer Holdings Inc)

Receivables Purchase Document Events. A "Termination Event" (as defined in the 2000 Receivables Sale Agreement), an "Amortization Event" (as defined in the 2000 Receivables Purchase Agreement) or any other breach or event of like import under any replacement Receivables Purchase Documents Document permitted hereby (any such event, a "Receivables Facility Trigger Event") shall shall: (ia) occur with respect to the conduct or performance of (ai) any Originatormember of the Group party to such Receivables Purchase Document, (bii) any servicer of the any Receivables (so long as such servicer is the Borrower Guarantor or a Subsidiary thereof) under the any Receivables Purchase DocumentsDocument, (ciii) any guarantor of the obligations of any Originator member of the Group party to such Receivables Purchase Document or servicer under the any Receivables Purchase Documents Document or (div) any of their respective Subsidiaries other than an SPV and SPV; and (iib) result in the termination of reinvestments of collections or proceeds of Receivables and Related Security under any agreements Receivables Purchase Document or any agreement evidencing Receivables Facility Attributed Indebtedness (Indebtedness, it being understood and agreed that the occurrence of a Receivables Facility Trigger Event resulting solely from (xi) the conduct or performance of an SPV and/or (yii) the performance or quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken together with the circumstances described in the foregoing clause paragraph (ii), b) above shall not give rise to a an Event of Default under this Section 8.1(Q)). A Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 9.3Clause 23.17.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Facility Agreement (Energizer Holdings Inc)

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Receivables Purchase Document Events. A "Termination Event" (as defined in the 2000 Receivables Sale Agreement), an "Amortization Event" (as defined in the 2000 Receivables Purchase Agreement) or any other breach or event of like import under any replacement Receivables Purchase Documents permitted hereby (any such event, a "Receivables Facility Trigger Event") shall (i) occur with respect to the conduct or performance of (a) any Originator, (b) any servicer of the Receivables (so long as such servicer is the Borrower or a Subsidiary thereof) under the Receivables Purchase Documents, (c) any guarantor of the obligations of any Originator or servicer under the Receivables Purchase Documents or (d) any of their respective Subsidiaries other than an SPV and (ii) result in the termination of reinvestments of collections or proceeds of Receivables and Related Security under any agreements evidencing Receivables Facility Attributed Indebtedness (it being understood and agreed that the occurrence of a Receivables Facility Trigger Event resulting solely from (x) the conduct or performance of an SPV and/or (y) the performance or quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken together with the circumstances described in the foregoing clause (ii), shall not give rise to a Default under this Section 8.1(Q)). A Default shall be deemed "continuing" until cured or until waived in writing in accordance with Section 9.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Energizer Holdings Inc)

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