Seller Termination Event definition

Seller Termination Event has the meaning specified in Section 8.1(a).

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Seller Termination Event means a “Seller Termination Event” under, and as defined in, any Originator Sale Agreement.

Seller Termination Event. As defined in Section 5.3(a).

Examples of Seller Termination Event in a sentence

No event has occurred which constitutes a Seller Termination Event and no event has occurred and is continuing which, with the passage of time or the giving of notice, or both would constitute a Seller Termination Event (other than as previously disclosed to the Agent as such).
No event has occurred which constitutes a Seller Termination Event and no event has occurred and is continuing which, with the passage of time or the giving of notice, or both would constitute a Seller Termination Event (other than any Seller Termination Event which has previously been disclosed to the Administrative Agent as such).
The Seller will provide the Purchaser, the Administrative Agent and each Lender Agent (with a copy to the Collateral Agent) with prompt written notice of the occurrence of each Seller Termination Event and each event which upon the passage of time would constitute a Seller Termination Event of which the Seller has knowledge or has received notice.
In addition, no later than two (2) Business Days following the Seller’s knowledge or notice of the occurrence of any Seller Termination Event or event which upon the passage of time would constitute a Seller Termination Event, the Seller will provide to the Purchaser, the Administrative Agent and each Lender Agent a written statement of an Authorized Person of the Seller setting forth the details of such event and the action that the Seller proposes to take with respect thereto.
The Seller will provide the Purchaser, the Agent, the Trustee and the Note Purchaser with immediate written notice of the occurrence of each Seller Termination Event and each Seller Purchase Event of which the Seller has knowledge or has received notice.

More Definitions of Seller Termination Event

Seller Termination Event has the meaning specified in Section 11.2. For the avoidance of doubt, any Seller Termination Event that occurs shall be deemed to be continuing at all times thereafter unless and until waived in accordance with Section 13.5.

Seller Termination Event means the termination of this Agreement under Section 2.4.2, Section 2.4.3, Section 2.4.5, Section 6.1, Section 15.2 (but only if the termination results from an Event of Default by Seller), or Section 17.6.

Seller Termination Event means a “Seller Termination Event” under, and as defined in, the U.S. RPA.

Seller Termination Event means a “Seller Termination Event” under, and as defined in, any Originator Sale Agreement. “Servicer Default” has the meaning specified in Section 2.9 (Servicer Default) of the Servicing Agreement.

Seller Termination Event means each of the following events:

Seller Termination Event means: (a) the Buyer is Bankrupt or Insolvent; (b) except where an amount has been disputed in the manner specified in subsection 10.2, an amount due and payable by the Buyer to the Seller under this EPA remains unpaid for 15 days after its due date and such default has not been cured within 15 days after the Seller has given notice of the default to the Buyer; or (c) the Buyer is in material default of any of its covenants, representations and warranties or other obligations under this EPA, other than as set out above, and such default has not been cured within 30 days after the Seller has given notice of the default to the Buyer or, if the default cannot be cured within that 30 day period, the Buyer fails to demonstrate to the reasonable satisfaction of the Seller that the Buyer is working diligently and expeditiously to cure the default or the default is not cured within a further reasonable period of time.

Seller Termination Event has the meaning set out in Section 4.1. “Seller Termination Notice” has the meaning set out in Section 4.1. "Termination Amount" has the meaning set out in Section 4.1.