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

Selection and Continuation of Tranche Periods. (a) Seller (or Servicer, on Seller’s behalf) shall from time to time request Tranche Periods for the Purchaser Interests of each Purchaser, provided that if at any time such Purchaser shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on a Settlement Date.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (RPM International Inc/De/), Receivables Purchase Agreement (RPM International Inc/De/), Receivables Purchase Agreement (RPM International Inc/De/)

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Selection and Continuation of Tranche Periods. (a) 1. Seller (or Servicer, on Seller’s behalf) shall from time to time request Tranche Periods for the Purchaser Interests of each Purchaser, provided that if at any time such Purchaser shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on a Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (RPM International Inc/De/)

Selection and Continuation of Tranche Periods. (a) Seller (or Servicer, on Seller’s behalf) shall from time to time request Tranche Periods for the Purchaser Interests of each Purchaserthe Liquidity Banks in such Co-Agent’s Group, provided that if at any time such Purchaser Liquidity Banks shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on a the date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (RPM International Inc/De/)

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Selection and Continuation of Tranche Periods. (a) Seller (or Servicer, on Seller’s behalf) shall from time to time request Tranche Periods for the Purchaser Interests of each Purchaser, provided that if at any time such Purchaser shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on a the date specified in clause (A) of the definition of Settlement Date.

Appears in 1 contract

Samples: Receivables Purchase Agreement (RPM International Inc/De/)

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