Mandatory Seller Termination Date definition

Mandatory Seller Termination Date. As defined in Section 9.1(a) hereof.
Sample 1
Mandatory Seller Termination Date. As defined in Section 9.3(a) hereof. Payment Day: (i) the Initial Closing Date and (ii) each Business Day thereafter that any Seller is open for business.
Sample 1

Examples of Mandatory Seller Termination Date in a sentence

  • From and after any Mandatory Seller Termination Date, the Company shall cease buying Receivables and other Related Rights from the related Seller.

  • Each such Seller shall be released as a Seller party hereto for all purposes and shall cease to be a party hereto on the date that is the later of (A) 90 days after the Mandatory Seller Termination Date and (B) the date on which all amounts outstanding with respect to Receivables previously sold by such Seller to the Company have been collected or written off in accordance with the Credit and Collection Policy of such Seller.

  • From and after any Mandatory Seller Termination Date, the Buyer shall cease buying Receivable Assets from the related Seller.

  • From and after any Mandatory Seller Termination Date, the Company shall cease buying Receivables and other Related Rights from the terminated Seller or Participating Division.

  • The Seller will not enter into any amendment or modification of, or supplement to, the Sale Agreement or the Seller's certificate of incorporation; provided, however, that subject to compliance with the provisions of the Sale Agreement, amendments to the Sale Agreement to reflect a Mandatory Seller Termination Date or a Permissive Seller Termination Date may be made with the consent of the Administrative Agent.

  • The "Sale Termination Date" shall be the earlier to occur of (i) with respect to a particular Seller, the date (if any) that is such Seller's Mandatory Seller Termination Date or Permissive Seller Termination Date and (ii) the Termination Date under the Receivables Purchase Agreement.

  • In connection with any such Mandatory Seller Termination Date or Permissive Seller Termination Date, the Administrative Agent may in its sole discretion amend Section 10.1(g), (h), or (i), and/or any component definitions thereof, by written notice to the Seller Parties, which amendment shall be effective as of the Cut-Off Date immediately succeeding any such Mandatory Seller Termination Date or Permissive Seller Termination Date.

  • From and after any Mandatory Seller Termination Date, the Buyer shall cease buying Receivables, Related Security and Collections from such Seller.

Related to Mandatory Seller Termination Date

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Servicer Termination Notice Defined in Section 6.15.

  • Lease Termination Date means the last day of the Lease Term.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Agreement Termination Date is defined in Section 7.4.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Event Termination Date See Section 2(e) hereof.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Accrual Termination Date Not applicable.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.