Transfer Termination Date definition
Examples of Transfer Termination Date in a sentence
Notwithstanding the foregoing, if an Insolvency Proceeding is pending with respect to either the Transferor or the Issuer prior to the Transfer Termination Date, the Transfer shall not sell, and the Issuer shall not buy, any Transferred Assets hereunder unless and until such Insolvency Proceeding is dismissed or otherwise terminated.
On each Business Day thereafter, until the Transfer Termination Date, the Issuer shall purchase all of the Transferor’s right, title and interest in and to all Pool Receivables existing as of the close of business on the immediately preceding Business Day and all Transferred Assets related thereto that were not previously purchased by the Issuer hereunder.
Originator hereby irrevocably authorizes Servicer to ▇▇▇▇ the Company Note "CANCELLED" and to return the Company Note to the Company upon the final payment thereof after the occurrence of the Transfer Termination Date.
Upon the occurrence of a Transfer -------------------- Termination Event, the Company, with the consent of the Agent, shall have the option by notice to Originator (with a copy to the Agent) to declare the Transfer Termination Date to have occurred.
Article II of this Agreement shall terminate on the Restricted Transfer Termination Date.
This Agreement will become effective when Parent has received the counterparts signed by the Shareholder and itself and shall terminate on the Restricted Transfer Termination Date Upon such termination, except for any rights any party may have in respect of any breach by any other party of its obligations hereunder, neither party hereto shall have any further obligation or liability hereunder.
The agreement of the Originator to transfer --------------------- Pool Receivables hereunder, and the agreement of the Company to accept Pool Receivables from the Originator hereunder, shall terminate automatically (and the Transfer Termination Date shall be deemed to have occurred) on the occurrence of a Transfer Termination Event of the type described in Section 6.1(e).
This Agreement will become effective when signed by the parties hereto and shall terminate on the Restricted Transfer Termination Date and be of no further force or effect at such time.
Without limiting any other provisions of this Agreement, the Seller agrees that no collections of Two-Step Dealer Receivables created by Trane U.S. after the Two-Step Dealer Receivable Transfer Termination Date shall be deposited or otherwise credited to any Lock-Box Account (or shall cause same to be complied with).
Upon and after the Two-Step Dealer Receivable Transfer Termination Date, no Two-Step Dealer Receivables created by Trane U.S. on or after such date shall be transferred by Trane U.S. to ASI Receivables Funding LLC or the Seller (and such Two-Step Dealer Receivables shall not constitute Originator Receivables or Receivables hereunder or under any Purchase Agreement).