Common use of Termination of Departing Committed Purchaser and Departing Managing Agent Clause in Contracts

Termination of Departing Committed Purchaser and Departing Managing Agent. 1.1. On the date hereof, the Seller shall remit to the Departing Managing Agent, by wire transfer of immediately available funds to such account as may be specified by the Departing Managing Agent, in the amount set forth in the final invoice dated as of May 15, 2013 and delivered by the Departing Managing Agent to the Seller on May 14, 2013 (such amount, the “Termination Amount”) in payment of all accrued and unpaid Obligations owing to the Departing Committed Purchaser and the Departing Managing Agent as of the date hereof.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (McKesson Corp), Receivables Purchase Agreement (McKesson Corp), Receivables Purchase Agreement (McKesson Corp)

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