Common use of Selection and Continuation of Tranche Periods Clause in Contracts

Selection and Continuation of Tranche Periods. (a) With consultation from (and approval by) the applicable Co-Agent, the Seller shall from time to time request Tranche Periods for the Receivable Interests of the Committed Purchasers in each Group, provided that, if at any time the Committed Purchasers in a Group shall have a Receivable Interest, the Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each date specified in clause (A) of the definition of Settlement Date.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp)

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Selection and Continuation of Tranche Periods. (a) With consultation from (and approval by) the applicable Co-relevant Agent, the Seller shall from time to time request Tranche Periods for the Receivable Committed Purchaser Interests of the Committed Purchasers in each a Conduit Group, provided that, if at any time the Committed Purchasers in a Group shall have a Receivable Purchaser Interest, the Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each the date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Energizer Holdings Inc)

Selection and Continuation of Tranche Periods. (ai) With consultation from (and approval by) the applicable Co-Agent, the Seller shall from time to time request Tranche Periods for the Receivable Purchaser Interests of the Committed Purchasers in each Conduit Group, provided that, if at any time the Committed Purchasers in a Conduit Group shall have a Receivable Purchaser Interest, the Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each date specified in clause (A) of the definition of Monthly Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yrc Worldwide Inc)

Selection and Continuation of Tranche Periods. (a) With consultation from (and approval by) the applicable Co-each related Managing Agent, the Seller shall from time to time request Tranche Periods for the Receivable Purchaser Interests of the Committed Purchasers in each GroupPurchasers; provided, provided thathowever, if that no more than fifteen (15) Tranche Periods shall be outstanding at any one time the Committed Purchasers in a Group shall have a Receivable Interest, the and Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each the date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (McKesson Corp)

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Selection and Continuation of Tranche Periods. (ai) With consultation from (and approval by) the applicable Co-Agent, the Seller shall from time to time request Tranche Periods for the Receivable Purchaser Interests of the Committed Purchasers in each Conduit Group, provided that, if at any time the Committed Purchasers in a Group shall have a Receivable Purchaser Interest, the Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yellow Roadway Corp)

Selection and Continuation of Tranche Periods. (a) With consultation from (and approval by) the applicable Co-Agent, the Seller shall from time to time request Tranche Periods for the Receivable Interests of Capital funded by the Committed Purchasers in each Group, provided that, if at any time the Committed Purchasers in a Group shall have a Receivable Interest, the Seller shall always request Tranche Periods such that at least one Tranche Period shall end on each date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Tenneco Inc)

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