Receivables Sale Termination Date Clause Samples
The Receivables Sale Termination Date clause defines the specific date on which the sale of receivables under an agreement will end. In practice, this clause sets a clear cutoff point after which no further receivables can be sold or transferred under the terms of the contract, and it may be triggered by a fixed date, the occurrence of certain events, or mutual agreement between the parties. Its core function is to provide certainty and structure to the transaction by establishing when the parties’ obligations regarding the sale of receivables conclude, thereby reducing ambiguity and potential disputes.
Receivables Sale Termination Date. The date on which all amounts due on all Series and Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full.
Receivables Sale Termination Date. The date, after the conclusion of the Revolving Period for all Series and Classes of Notes, on which all amounts due on all Series and Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full. Receivables Seller: Nationstar, as the entity that shall, on and after the Closing Date, sell to the Depositor all Receivables created on and after the Closing Date under the Designated Servicing Agreements.
Receivables Sale Termination Date. The date, after the conclusion of the Revolving Period for all Series and Classes of Notes, on which all amounts due on all Series and Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full. Receivables Seller: Nationstar, as the entity that sold and contributed, prior to the Effective Date and as the entity that sells to Advance Purchaser, on and after the Effective Date but before the related MSR Transfer Date, and Advance Purchaser, as the entity that shall, on and after the Effective Date, and both before and after the related MSR Transfer Date, sell and contribute to the Depositor all Receivables that it either acquires from Nationstar (before the related MSR Transfer Date) or creates as a result of making Advances (on or after the related MSR Transfer Date) under the Designated Servicing Agreements.
Receivables Sale Termination Date. The date, after the conclusion of the Revolving Period, on which all amounts due on all Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full. Receivables Seller: OLS, as the entity that sold and contributed, prior to the Effective Date, and HLSS, as the entity that shall, on and after the Effective Date, and both before and after the related MSR Transfer Date, sell and contribute to the Depositor all Receivables that it either acquires from OLS (before the related MSR Transfer Date) or creates as a result of making Advances (on or after the related MSR Transfer Date) under the Designated Servicing Agreements.
Receivables Sale Termination Date. The date, after the conclusion of the Revolving Period for all Series and Classes of Notes, on which all amounts due on all Series and Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full. Receivables Seller: OLS, as the entity that sells to HLSS, on and after the Closing Date but before the related MSR Transfer Date in respect of the related Designated Servicing Agreement, and HLSS, as the entity that shall, on and after the Closing Date, and both before and after the related MSR Transfer Date in respect of the related Designated Servicing Agreement, sell and contribute to the Depositor all Receivables that it either (i) acquires from OLS (before the related MSR Transfer Date in respect of the related Designated Servicing Agreement), (ii) creates as a result of making Advances (on or after the related MSR Transfer Date in respect of the related Designated Servicing Agreement), (iii) acquires related to the Deferred Servicing Fees acquired pursuant to the Purchase Agreement under the Designated Servicing Agreements or (iv) accrues as Deferred Servicing Fee Receivables on and after the related MSR Transfer Date.
Receivables Sale Termination Date. The date, after the conclusion of the Revolving Period, on which all amounts due on all Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full. Receivables Seller: HLSS, as the entity that shall, on and after the Closing Date, and both before and after the MSR Transfer Date, sell and contribute to the Depositor all Receivables that it either acquires from OLS (before the MSR Transfer Date) or creates as a result of making Advances (on or after the MSR Transfer Date) under the Designated Servicing Agreements.
Receivables Sale Termination Date. The earlier to occur of (i) the date, after the conclusion of the Revolving Period for all Series and Classes of Notes, on which all amounts due on all Series and Classes of Notes issued by the Issuer pursuant to this Indenture, and all other amounts payable to any party pursuant to this Indenture, shall have been paid in full, and (ii) the occurrence of the Consent Withdrawal Date with respect to both the ▇▇▇▇▇▇ Mae Consent and the ▇▇▇▇▇▇▇ Mac Consent.