Purchase Termination Date definition

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.

Purchase Termination Date means the earlier of (i) August 29, 2023, (ii) the occurrence of an Event of Default and (iii) sixty (60) days following the date of receipt by each of the other parties to this Agreement of a written notice of termination provided by Seller.

Purchase Termination Date means, for each Class B Purchaser, the earliest to occur of (i) the Commitment Termination Date for such Purchaser or, with respect to a Class B Purchaser which is a CP Conduit, the first date on which Commitment Termination Dates for all its Committed Purchasers have occurred, (ii) the date of any termination of the Total Commitment, in whole, by the Issuer pursuant to Section 2.2 and (iii) the effective date on which the Commitments are terminated or deemed terminated pursuant to Section 2.8.

Examples of Purchase Termination Date in a sentence

• On and after the Purchase Termination Date, Dexia shall be under no further obligation to purchase Bonds hereunder.

• On and after the Purchase Termination Date, the Bank shall be under no further obligation to purchase Bonds hereunder.

• Any such termination shall not affect (i) the rights and obligations of the parties with respect to Purchased Receivables sold hereunder prior to the Purchase Termination Date or (ii) those provisions hereof that are expressed or intended to survive termination hereof.

• Commencing on the date hereof and ending on the Purchase Termination Date, each Seller may from time to time offer to sell to Purchaser certain Proposed Receivables by submitting to Purchaser at least three (3) Business Days prior to any purchase of Proposed Receivables, a request substantially in the form of Exhibit B hereto (a “Purchase Request”), and Purchaser, in its sole discretion, may accept such offer and purchase from a Seller the Proposed Receivables identified in such Purchase Request.

• From and after the Purchase Termination Date, each of the Purchaser and the Seller shall use commercially reasonable efforts to transition receipt of the amounts described in clauses (i), (ii) and (iii) above relating to Receivables with no remaining Scheduled Payments due to the Purchaser to a lockbox designated by the Seller.

More Definitions of Purchase Termination Date

Purchase Termination Date is defined in Section 7.1.

Purchase Termination Date means that day

Purchase Termination Date shall have the meaning specified in Section 8.01 of the Receivables Purchase Agreement.

Purchase Termination Date is defined in Section 7.1 of the First Tier Agreement.

Purchase Termination Date means the earlier to occur of (a) the date specified by Seller pursuant to Section 7.1 of this Agreement and (b) the date on which any event referred to in Section 7.2 of this Agreement initially occurs.

Purchase Termination Date means the earliest to occur of (i) the date upon which the ability of the Seller to permit Purchases hereunder has been terminated (and cannot be reinstated) pursuant to Section 2.01(c) and (ii) the Purchase Commitment Termination Date.

Purchase Termination Date means the date on which the Purchaser's obligation to purchase Receivables shall terminate pursuant to Section 6.01.