Purchase and Sale Termination Date definition

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

Purchase and Sale Termination Date shall be the earlier to occur of (a) the date the Purchase Facility is terminated pursuant to Section 8.2(a) and (b) the Final Payout Date.

Purchase and Sale Termination Date shall be the earlier to occur of (a) the date the Purchase Facility is terminated pursuant to Section 8.2 and (b) the Payment Date immediately following the day on which the Originators shall have given written notice to the Company and the Administrator at or prior to 10:00 a.m. (New York City time) that the Originators desire to terminate this Agreement.

Examples of Purchase and Sale Termination Date in a sentence

• After the Closing Date for any Originator, on each Business Day until the Purchase and Sale Termination Date, each Receivable and the Related Rights with respect thereto generated by such Originator shall be deemed to have been sold or contributed, as applicable, by such Originator to the Company immediately (and without further action) upon the creation of such Receivable.

• The occurrence of the Purchase and Sale Termination Date with respect to all remaining Originators under, and as defined in, the Purchase and Sale Agreement.

• After the Closing Date, until the Purchase and Sale Termination Date, each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been sold by such Originator to the Buyer immediately (and without further action) upon the creation of such Receivable.

• Each Originator hereby irrevocably authorizes the Servicer to mark the Company Note “CANCELED” and to return the Company Note to the Company upon the final payment thereof after the occurrence of the Purchase and Sale Termination Date.

• Each Originator hereby irrevocably authorizes the Servicer to mark the Subordinated Notes “CANCELED” and to return such Subordinated Notes to the Buyer upon the final payment thereof after the occurrence of the Purchase and Sale Termination Date.

More Definitions of Purchase and Sale Termination Date

Purchase and Sale Termination Date has the meaning set forth in the Purchase and Sale Agreement.

Purchase and Sale Termination Date means, the date that Receivables and Related Assets cease being sold or contributed, as applicable, to the Buyer under this Agreement pursuant to Article VI of this Agreement.

Purchase and Sale Termination Date under and as defined in the Sale Agreement shall occur under the Sale Agreement or any Originator shall for any reason cease to transfer, or cease to have the legal capacity to transfer, or otherwise be incapable of transferring Receivables to the Seller under the Sale Agreement;

Purchase and Sale Termination Date shall be the earliest to occur of (a) the date the Purchase Facility is terminated pursuant to Section 8.2 and (b) the Payment Date (as defined in Section 2.2) immediately following the day on which the Originators shall have given at least 30 days’ prior written notice to the Company and the Administrative Agent that the Originators desire to terminate this Agreement.

Purchase and Sale Termination Date means the earlier to occur of: (a) the date the Purchase Facility is terminated pursuant to Section 9.2(a); and (b) the date of the final payment to the Buyer under RLSA Section 6.07.

Purchase and Sale Termination Date means with respect to a Transferor, the earlier to occur of (a) the date the Purchase Facility is terminated (or deemed terminated) with respect to such Transferor pursuant to Section 8.2 and (b) the Payment Date immediately following the day on which such Transferor, if such Transferor is an Originator, shall have given written notice to the Company, the Administrator and each Purchaser Agent at or prior to 10:00 a.m. (New York City time) that such Transferor desires to terminate the Purchase Facility with respect to such Transferor and terminate its rights, obligations and liabilities under this Agreement (other than those which expressly survive termination of this Agreement).

Purchase and Sale Termination Date means date determined in accordance with Section 2.3 of the Purchase and Sale Agreement.