Sale Without Recourse. (a) The sale of the Participation Interest hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, that nothing contained herein shall limit the rights of the Buyer provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
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Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Exide Corp), Receivables Purchase Agreement (Volt Information Sciences Inc)
Sale Without Recourse. (a) The sale of the Participation Interest Interests hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, that nothing contained herein shall limit the rights of the Buyer Administrative Agent, the Managing agents and the Buyers provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)
Sale Without Recourse. (a) The sale of the Participation Interest hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, -------- that nothing contained herein shall limit the rights of the Buyer provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
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