Common use of Significant Events Clause in Contracts

Significant Events. As soon as possible but in any event within three days after any officer of Borrower or Master Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, or a Purchase Termination Event or Incipient Purchase Termination Event under (and as defined in) the Receivables Purchase Agreement, an officer's certificate of Borrower or Master Servicer, as the case may be, setting forth details of such event and the action that Master Servicer, Borrower or Originators, as the case may be, proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Covenant Transport Inc)

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Significant Events. As soon as possible but in any event within three days after any officer of Borrower or Master Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, or a Purchase Termination Event or Incipient Purchase Termination Event under (and as defined in) the Receivables Purchase Agreement, an officer's certificate of Borrower or Master Servicer, as the case may be, setting forth details of such event and the action that Master Servicer, Borrower or Originatorsthe Originator, as the case may be, proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Toro Co)

Significant Events. As soon as possible but in any event within three days after any officer of Borrower or Master Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, or a Purchase Termination Event or Incipient Purchase Termination Event under (and as defined in) the Receivables Purchase Agreement, an officer's certificate of Borrower or Master Servicer, as the case may be, setting forth details of such event and the action that Master Servicer, Borrower or OriginatorsOriginator, as the case may be, proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Central Freight Lines Inc/Tx)

Significant Events. As soon as possible but in any event within three days one day after any officer of Borrower or Master Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, or a Purchase Termination Event or Incipient Purchase Termination Event under (and as defined in) the Receivables Purchase Agreement, an officer's ’s certificate of Borrower or Master Servicer, as the case may be, setting forth details of such event and the action that Master Servicer, Borrower or the Originators, as the case may be, proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

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Significant Events. As soon as possible but in any event within withing ------------------ three days after any officer of Borrower or Master Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, or a Purchase Termination Event or Incipient Purchase Termination Event under (and as defined in) the Receivables Purchase Agreement, an officer's certificate of Borrower or Master Servicer, as the case may be, setting forth details of such event and the action that Master Servicer, Borrower or OriginatorsXxxxx, as the case may be, proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Dixie Group Inc)

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