Treatment of Ineligible Receivables. 26.1 If it is found that the Trust Receivables are or has become the Ineligible Receivables, the Trustee may request the Settlor repurchase the Ineligible Receivables at its nominal value (the “Repurchase Price”) in accordance with a written instruction from the Agent, or, if all or a part of the Ineligible Receivables has already been extinguished due to assertion of grounds for defense by the Third Party Obligor (excluding defense based on the Set-off Treatment) or other reasons, the Trustee may request the Settlor pay the amount equivalent to all or a part of such Ineligible Receivables that has been extinguished.
Appears in 4 contracts
Samples: Revolving Line Agreement (Advanced Micro Devices Inc), Receivables Trust Agreement (Advanced Micro Devices Inc), Accounts Receivables Trust Agreement (Spansion Inc.)
