Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' notice to the Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (North Atlantic Energy Corp /Nh), Receivables Purchase and Sale Agreement (North Atlantic Energy Corp /Nh), Receivables Purchase Agreement (Northeast Utilities System)
Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' notice to the Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Detroit Edison Securitization Funding LLC), Purchase and Sale Agreement (Detroit Edison Securitization Funding LLC), Purchase and Sale Agreement (Detroit Edison Co)
Termination or Reduction of the Purchase Limit. The Seller may, upon at least five three Business Days' notice to the Deal Agent, terminate in whole or reduce in part the unused portion of the Purchase LimitLimit that exceeds the sum of the aggregate Capital; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 5,000,000 or an integral multiple thereof.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Outsource International Inc), Receivables Purchase Agreement (Synthetic Industries Inc)
Termination or Reduction of the Purchase Limit. The ---------------------------------------------- Seller may, upon at least five Business Days' notice to the Deal Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to -------- ------- $1,000,000 or an integral multiple thereof.
Appears in 1 contract
Samples: Lease Receivables Purchase Agreement (Bankvest Capital Corp)
Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' notice to the Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof. On each day on which the Seller shall, pursuant to Section 2.03 of the Parallel Purchase Agreement, reduce in part the unused portion of the "Commitment" (as defined in the Parallel Purchase Agreement), the Purchase Limit shall reduce automatically by an equal amount.
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Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' notice to the Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof. SECTION 2.04.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' notice to the Deal Agent, terminate in whole or reduce in part the unused portion of the Purchase Limit; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 or an integral multiple thereof.
Appears in 1 contract
Samples: Asset Purchase Agreement (Litchfield Financial Corp /Ma)
Termination or Reduction of the Purchase Limit. The Seller may, upon at least five Business Days' , notice to the Agent, terminate in whole or reduce in part the unused portion of the Purchase LimitLimit that exceeds the greater of the outstanding capital and the sum of the aggregate Capital plus the Discount Amount; provided, however, that each partial reduction of the Purchase Limit shall be in an aggregate amount equal to $1,000,000 5,000,000 or an integral multiple thereof.
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