Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrator, the Seller shall from time to time request Interest Periods for the Purchased Assets funded with Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (a) of the definition of Settlement Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the AdministratorAgent, the Seller shall from time to time request Interest Periods for the Purchased Assets Receivable Interests funded with Liquidity Fundings, provided that PROVIDED THAT if at any time any Liquidity Funding is outstanding, the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (aA) of the definition of Settlement Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Tower Automotive Inc), Receivables Purchase Agreement (Wolverine Tube Inc)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrator, the Seller shall from time to time request Interest Periods for the Purchased Assets Receivable Interests funded with Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (aA) of the definition of Settlement Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Edwards Lifesciences Corp)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the AdministratorAgent, the Seller shall from time to time request Interest Periods for the Purchased Assets Receivable Interests funded with Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (aA) of the definition of Settlement Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Adc Telecommunications Inc)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrator, the Seller shall from time to time request Interest Periods for the Purchased Assets Receivable Interests funded with Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (ai) of the definition of Settlement Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Arch Chemicals Inc)
