Examples of Permissive Seller Termination Date in a sentence
From and after any Permissive 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 (i) 90 days after the Permissive Seller Termination Date and (ii) 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 Permissive Seller Termination Date, the Buyer shall cease buying Receivables Assets from the related Seller.
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.
To permit officers, servants and agents of the FRANCHISER during normal business hours to inspect the Premises and observe the running of the franchise, to ensure compliance with all terms and conditions agreed upon between the Parties.
From and after any Permissive Seller Termination Date, the Buyer shall cease buying Receivables, Related Security and Collections from such Seller.