Common use of Automatic Liquidation Clause in Contracts

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 10 contracts

Sources: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation an Event of Default described in subsection (e) of Section 10.110.1(e), the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 7 contracts

Sources: Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation an Event of Termination described in subsection (e) of Section 10.110.1(d), the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.), Receivables Purchase Agreement (C. H. Robinson Worldwide, Inc.)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ef) of Section 10.110.01, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 4 contracts

Sources: Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (Anuhco Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (ed) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.110.01, the Funding Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Inacom Corp), Receivables Purchase Agreement (Milacron Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection SUBSECTION (e) of Section SECTION 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Lennox International Inc)

Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Mascotech Inc)