Common use of Liquidation Period Clause in Contracts

Liquidation Period. The period commencing on the date on which the conditions precedent to Purchases and Reinvestment set forth in Section 5.2 are not satisfied (or expressly waived by the Purchaser) and the Administrator shall have notified the Seller and Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Liquidation Period. The period commencing on the date on which the conditions precedent to Purchases and Reinvestment set forth in Section 5.2 are not satisfied (or expressly waived by the Purchaser) and the Administrator Administrative Agent shall have notified the Seller and the Master Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Lennox International Inc)

Liquidation Period. The period commencing on the date on which the conditions precedent to Purchases and Reinvestment set forth in Section 5.2 are not satisfied (or expressly waived by the Purchaser) and the Administrator Administrative Agent shall have notified the Seller and the Master Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Mascotech Inc)

Liquidation Period. The period commencing on the date on which the conditions precedent to Purchases and Reinvestment set forth in Section 5.2 are not satisfied (or expressly waived by the Purchaser) and the Administrator Agent shall have notified the Seller and the Master Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date.

Appears in 1 contract

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

Liquidation Period. The period commencing on the date on which the conditions precedent to Purchases and Reinvestment set forth in Section 5.2 are not satisfied (or expressly waived by the Purchaser) and the Administrator Administrative Agent shall have notified the Seller and Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Georgia Gulf Corp /De/)