Receivables Termination Notice definition

Receivables Termination Notice has the meaning set forth in Section 2.19.
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Receivables Termination Notice as defined in the Intercreditor Agreement, and any similar notice delivered pursuant to any intercreditor agreement entered into after the Closing Date with a Person purchasing Receivables or otherwise providing financing under a Receivables Securitization Program.
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Receivables Termination Notice means a written notice from the Lender Agent to the Administrator stating that a Lender Event of Default has occurred and that the payment in full of the Lender Claim has been demanded or the indebtedness of C▇▇▇▇▇ Tire to the Lenders has been accelerated.
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Examples of Receivables Termination Notice in a sentence

  • Optional Purchase of All Receivables; Termination Notice ARTICLE X.

  • If any Grantor should refuse or neglect to notify any Account Debtor to forward payments directly to a Deposit Account or Lock Box established and maintained in the name of any Grantor after delivery of a Receivables Termination Notice by the Administrative Agent to the Receivables Agent in accordance with the provisions of the Intercreditor Agreement, the Administrative Agent shall be entitled to make such notification directly to such Account Debtor.

  • After delivery of a Receivables Termination Notice by the Administrative Agent to the Receivables Agent in accordance with the provisions of the Intercreditor Agreement, the Grantors shall direct, and shall cause WESCO Receivables to direct, all Account Debtors to remit all cash, checks, electronic funds transfers and other similar payments relating to or constituting payments made in respect of Receivables directly to Deposit Accounts or Lock Boxes established and maintained in the name of any Grantor.

  • Neither the Lender Agent nor Required Lenders shall deliver a Receivables Termination Notice on any date during the continuance of any Lender Event of Default if on such date the total utilization of the Revolver Commitment under (and as defined in) the Loan Agreement is zero.

  • Optional Purchase of All Receivables; Termination Notice.................

  • SECTION 9.1 Optional Purchase of All Receivables; Termination Notice........................................

  • Neither the Lender Agent nor the Required Lenders shall deliver a Receivables Termination Notice on any date during the continuance of any Event of Default if on such date the Total Outstanding Amount under (and as defined in) the Credit Agreement is zero.

  • Neither the ABL Agent nor the Required Lenders shall deliver a Receivables Termination Notice on any date during the continuance of any Event of Default if on such date the Total Outstandings under (and as defined in) the ABL Credit Agreement are zero.

  • Subject to the foregoing proviso, the parties hereto acknowledge and agree that, notwithstanding anything to the contrary in the Receivables Purchase Agreement or the Purchase and Sale Agreement, delivery of a Receivables Termination Notice hereunder shall constitute a Facility Termination Date under (and as defined in) the Receivables Purchase Agreement and a Purchase and Sale Termination Event under (and as defined in) the Purchase and Sale Agreement.

  • Notices and other communications to any party hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by such party; provided that the foregoing shall not apply to any Enforcement Notice or Receivables Termination Notice unless otherwise agreed by the Receivables Agent and the ABL Agent.