Purchase Termination Event definition

Purchase Termination Event shall occur under (and as defined in) the Purchase Agreement;

Purchase Termination Event has the meaning specified in Section 6.01.

Purchase Termination Event shall have the meaning assigned in Section 7.01 of the Receivables Sale Agreement.

Examples of Purchase Termination Event in a sentence

• The importance of this code of primitive laws, whether for the Romans or for us, cannot be overestimated”4.

• Sales of Subsequent Portfolios may take place during the Revolving Period, and the Purchase Price for the Subsequent Portfolios will be payable to the extent there are Issuer Principal Available Funds available for such purposes under the Priority of Payments and provided no Purchase Termination Event or Trigger Event has occurred and subject to the terms and conditions of the Master Receivables Purchase Agreement.

• They were particularly worried about the disposal of green spaces.

• Upon the occurrence of a Purchase Termination Event, the Revolving Period shall terminate and, as a consequence, no further Additional Pools may be transferred to the Issuer.

• The Performance Guarantor agrees that, after the occurrence and during the continuation of a Cartus Purchase Termination Event or a Servicer Default or an Unmatured Servicer Default (so long as Cartus is the Servicer), the Performance Guarantor will not demand, xxx for or otherwise attempt to collect any such indebtedness of Cartus to it until all of the Obligations shall have been paid and performed in full.

More Definitions of Purchase Termination Event

Purchase Termination Event means any failure to satisfy the condition set forth in Section 5.02.

Purchase Termination Event has the meaning specified in SECTION 6.01.

Purchase Termination Event shall have the meaning assigned to such term in Section 8.5 hereof.

Purchase Termination Event shall occur under (and as defined in) the Receivables Sale Agreement with respect to (x) three or more Originators or (y) Originators whose Receivables constitute 25% or more of the aggregate Outstanding Balance of all Pool Receivables;

Purchase Termination Event means a “Termination Event” under (and as defined in) the Purchase Agreement.

Purchase Termination Event with respect to an Originator means the occurrence of any of the following events, to the extent that the Issuer has actual knowledge or has been given written notice of such event: (a) a Material Adverse Change in the condition of such Originator has occurred and is continuing; (b) an Event of Bankruptcy has occurred with respect to such Originator; (c) such Originator shall fail to pay, or shall default in the payment of, any principal or premium or interest on any Indebtedness beyond any applicable grace period, or such Originator shall breach or default with respect to any other term of any evidence of any Indebtedness, or of any loan agreement, mortgage, indenture or other agreement relating thereto, if such failure, default or breach continues beyond any applicable grace period, if the effect of such failure, default or breach (i) is to cause the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause that Indebtedness to become or be declared due prior to its stated maturity or (ii) would permit the holder of such Indebtedness to accelerate the maturity of such Indebtedness and if the amount of the Indebtedness involved in all such failures, defaults and breaches is greater than $100,000; (d) one or more judgments for the payment of money in an aggregate amount in excess of $100,000 shall be rendered against such Originator and the same shall remain undischarged for a period of thirty (30) consecutive days during which execution shall not be effectively stayed or a satisfactory bond against such judgment shall not have been posted, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of such Originator to enforce any such judgment and a bond shall not have been posted or (e) a "Termination Date" shall occur under any Purchase and Sale Agreement.

Purchase Termination Event has the meaning set forth in SECTION 8.1 of the Sale Agreement.