Common use of Existing Receivables Facility Clause in Contracts

Existing Receivables Facility. On the Closing Date, LSFLLC shall ----------------------------- have (i) repurchased all accounts receivable sold under the Existing Receivables Purchase Agreement, (ii) terminated any commitments to purchase any accounts receivable or make other extensions of credit thereunder, and (iii) delivered to Agent all documents or instruments necessary to assign to LSFLLC all financing statements filed in respect of transactions under the Existing Receivables Purchase Agreement. In addition, the Levi Xxxxxxx Receivables Transfer Agreement dated as of April 28, 1999 among Company, Levi Xxxxxxx Financial Center Corporation and Levi Xxxxxxx Funding Corp. shall have been terminated.

Existing Receivables Facility. On the Closing Date, LSFLLC shall ----------------------------- have (i) repurchased all accounts receivable sold under the Existing Receivables Purchase Agreement, (ii) terminated any commitments to purchase any accounts receivable or make other extensions of credit thereunder, and (iii) delivered to Administrative Agent all documents or instruments necessary to assign to LSFLLC all financing statements filed in respect of transactions under the Existing Receivables Purchase Agreement. In addition, the Levi Xxxxxxx Receivables Transfer Agreement dated as of April 28, 1999 among Company, Levi Xxxxxxx Financial Center Corporation and Levi Xxxxxxx Funding Corp. shall have been terminated.

Existing Receivables Facility. On the Closing Date, LSFLLC ------------------------------ shall ----------------------------- have (i) repurchased all accounts receivable sold under the Existing Receivables Purchase Agreement, (ii) terminated any commitments to purchase any accounts receivable or make other extensions of credit thereunder, and (iii) delivered to Agent all documents or instruments necessary to assign to LSFLLC all financing statements filed in respect of transactions under the Existing Receivables Purchase Agreement. In addition, the Levi Xxxxxxx Receivables Transfer Agreement dated as of April 28, 1999 among Company, Levi Xxxxxxx Financial Center Corporation and Levi Xxxxxxx Funding Corp. shall have been terminated.

Existing Receivables Facility. On the Closing Date, LSFLLC shall ----------------------------- have (i) repurchased all accounts receivable sold under the Existing Receivables Purchase Agreement, (ii) terminated any commitments to purchase any accounts receivable or make other extensions of credit thereunder, and (iii) delivered to Administrative Agent all documents or instruments necessary to assign to LSFLLC all financing statements filed in respect of transactions under the Existing Receivables Purchase Agreement. In addition, the Levi Xxxxxxx Receivables Transfer Agreement dated as of April 28, 1999 among Company, Levi Xxxxxxx Financial Center Corporation and Levi Xxxxxxx Funding Corp. shall have been terminated.