Receivables Termination Notice definition

Receivables Termination Notice has the meaning set forth in Section 2.19.
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Receivables Termination Notice has the meaning set forth in Section 2.10.
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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 Cxxxxx Tire to the Lenders has been accelerated.
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Examples of Receivables Termination Notice in a sentence

  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.


More Definitions of Receivables Termination Notice

Receivables Termination Notice means a "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 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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Related to Receivables Termination Notice

  • Servicer Termination Notice Defined in Section 6.15.

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

  • 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.

  • Collateral Custodian Termination Notice has the meaning assigned to that term in Section 12.05.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • 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;

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Series Termination Date means, with respect to any Series of Notes, the date specified as such in the applicable Series Supplement.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Percentage January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Company Termination Event means any of the following:

  • Early Termination Event has the meaning specified in Section 9.2.

  • 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.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

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

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • 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.

  • Liquidity Termination Date means the earlier to occur of (a) July 13, 2009, as such date may be extended from time to time by the Lender’s Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to the Lender.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]