Common use of Notice of Breach of Representations and Warranties Clause in Contracts

Notice of Breach of Representations and Warranties. It shall promptly (and in no event later than one Business Day following actual knowledge thereof) inform the Purchaser and the Master Servicer of any breach of covenants or representations and warranties hereunder, including, without limitation, upon discovery that a Receivable ceases to be an Eligible Receivable.

Appears in 3 contracts

Samples: Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc), Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc), Healthcare Receivables Purchase and Transfer Agreement (Community Care of America Inc)

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Notice of Breach of Representations and Warranties. It shall promptly (and in no event later than one Business Day following actual knowledge thereof) inform the Purchaser and the Master Servicer of any breach of covenants or representations and warranties hereunder, including, without limitation, upon discovery that of a Receivable ceases to be an Eligible Receivablebreach of the Eligibility Criteria set forth in the Loan Agreement.

Appears in 2 contracts

Samples: Receivables Purchase and Transfer Agreement (National Medical Health Card Systems Inc), Receivables Purchase and Transfer Agreement (Five Star Quality Care Inc)

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Notice of Breach of Representations and Warranties. It shall promptly (and in no event later than one Business Day following actual knowledge thereof) inform the Purchaser and the Master Servicer of any breach of covenants or representations and warranties hereunder, including, without limitation, upon discovery that of a Receivable ceases to be an Eligible Receivable.breach of the Eligibility Criteria set forth in the Loan Agreement. (1)

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement (Staff Builders Inc /De/)

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