Terminating Seller definition

Terminating Seller means any Seller that shall have given written notice to the Buyer of its intention to terminate its obligation to sell to the Buyer its Receivables and Related Assets.
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Terminating Seller shall have the meaning assigned to it in the Sales Agency Agreement.
Sample 1
Terminating Seller shall have the meaning ascribed to such term in Section 2.07 of the First Tier RPSA.
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Examples of Terminating Seller in a sentence

  • The Non-Competition Period will, however, be one year instead of three years with respect to a Terminating Seller if (i) that Seller’s employment is involuntarily terminated (i.e., by the Company) without “cause” or (ii) in the event of a material breach of Buyer’s payment obligations under the Note.

  • Following the above purchase, RELX NV holds 72,118,848 ordinary shares in treasury, and has 949,472,345 ordinary shares in issue (excluding treasury shares).

  • If at any time prior to the Termination Date, Victxx xxxll terminate the obligations of a Seller pursuant to the procedures (and subject to the terms) set forth in Section 2.07 of the First Tier RPSA, such Terminating Seller shall cease to be a Seller for all purposes of this Agreement on the date such termination becomes effective.

  • On the Effective Date (as defined in Section 6 below), and without need of the notice period provided in Section 2.07(i) of the Receivables Purchase Agreement, Continental Emsco shall be a Terminating Seller as defined in Section 2.07 of the Receivables Purchase Agreement and shall thereupon cease to be a Seller, as defined in the Receivables Purchase Agreement, for any and all purposes thereof, and have no further obligations thereunder, except to the extent provided in such Section 2.07.

  • On the Effective Date each Terminating Seller shall cease to be a Seller under the Purchase Agreement.


More Definitions of Terminating Seller

Terminating Seller is defined in SECTION 1.8(A) of the Purchase Agreement.
Sample 1
Terminating Seller shall have given Buyer not less than 30 days' prior written notice of its intention to terminate the obligations, which notice shall be given by Buyer to the Trustee and the Rating Agencies (the date on which such notice is given being the "Terminating Seller Notice Date"),
Sample 1

Related to Terminating Seller

  • Drag-Along Sellers shall have the meaning set forth in Section 4.2.1.

  • Tag-Along Seller has the meaning set forth in Section 8.5(b).

  • Terminating Party As defined in Section 7.1(f).

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Terminator As defined in Section 9.01.

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • Terminating Company Breach has the meaning specified in Section 10.01(b).

  • Transferring Shareholder has the meaning set forth in Section 5.2(a).

  • Third Party Buyer means any Person other than (i) the Company or any of its Subsidiaries, (ii) any employee benefit plan of the Company or any of its Subsidiaries, (iii) the Investors or (iv) any Affiliates of any of the foregoing.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Third Party Purchaser means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly own or have the right to acquire any outstanding Common Shares or (b) is not a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Common Shares.

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Specified Party means the Administrative Agent, the Issuing Bank, the Swingline Lender and each other Lender.

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • Direct seller means a person selling consumer products to individuals for personal or household use and not from a fixed retail location, including selling such product at in-home product demonstrations, parties, and other one-on-one selling.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Seller’s Notice has the meaning set forth in Section 8.5(a).

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Buyer Party means each of (i) the Buyer and (ii) each Affiliate of the Buyer that is a party to a Transaction Agreement.

  • Termination Transaction has the meaning set forth in Section 11.2.B hereof.