Examples of Original PCA in a sentence
Each of the relevant parties hereto confirms all sales, transfers, assignments and security interests effected pursuant to the Original PCA.
On each Business Day beginning on the date hereof, title to all Receivables originated by the Canadian Seller and not already transferred pursuant to this Agreement or the Original PCA shall, ipso facto, and without any further action on the part of the Canadian Seller or the Purchaser but subject to satisfaction of the applicable conditions set forth in Article 3.02, transfer to the Purchaser.
Each of the Seller and the Purchaser hereby agrees that, effective upon the termination of the Original PCA as provided above, any Deferred Purchase Price (as defined in the Original PCA) outstanding as of such termination shall be deemed to constitute Deferred Purchase Price under this Agreement outstanding as of such termination.
Without limiting the foregoing, from and after the termination of the Original PCA, no sales or contributions of Receivables (as defined in the Original PCA) shall be made by the Seller to the Purchaser thereunder.
The Seller hereby confirms the transfer to the Purchaser (and its assigns and designees) pursuant to the Original PCA of the exclusive ownership and control of each Lock-Box Account maintained by the Seller for the purpose of receiving Collections.
Each of the parties hereto acknowledges and agrees that the amendment and restatement of the Original PCA on the terms and conditions set forth herein shall not in any way affect any sales, contributions, transfers, assignments or security interest grants effected pursuant to the Original PCA or any representations, warranties, covenants or indemnities made by the Seller or Ferro Electronic Materials Inc.
SECTION 3.01 Conditions Precedent to Initial Purchase from the Original Sellers Under the Original PCA...
Each of the parties hereto confirms all sales, contributions, transfers, assignments and security interests effected pursuant to the Original PCA.