{"component": "clause", "props": {"groups": [{"samples": [{"hash": "ac1WKEw7hVB", "uri": "/contracts/ac1WKEw7hVB#optional-liquidation", "label": "Receivables Purchase Agreement (KBK Capital Corp)", "score": 18.0, "published": true}, {"hash": "9kxRmolfjZl", "uri": "/contracts/9kxRmolfjZl#optional-liquidation", "label": "Receivables Purchase Agreement (KBK Capital Corp)", "score": 18.0, "published": true}, {"hash": "4aAVY0LXK6W", "uri": "/contracts/4aAVY0LXK6W#optional-liquidation", "label": "Receivables Purchase Agreement (KBK Capital Corp)", "score": 18.0, "published": true}], "snippet": "Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in SUBSECTION (E) of SECTION 10.01), the Administrator shall, at the request, or may with the consent, of Purchaser, by notice to Seller declare the Termination Date to have occurred and the Liquidation Period to have commenced.", "snippet_links": [{"key": "liquidation-event", "type": "definition", "offset": [25, 42]}, {"key": "the-administrator", "type": "clause", "offset": [122, 139]}, {"key": "the-request", "type": "clause", "offset": [150, 161]}, {"key": "of-purchaser", "type": "clause", "offset": [188, 200]}, {"key": "notice-to-seller", "type": "clause", "offset": [205, 221]}, {"key": "termination-date", "type": "definition", "offset": [234, 250]}, {"key": "liquidation-period", "type": "definition", "offset": [276, 294]}], "size": 6, "hash": "da490350b4e4c2705ac0defc973271d4", "id": 3}, {"samples": [{"hash": "aQYY8oOAkfM", "uri": "/contracts/aQYY8oOAkfM#optional-liquidation", "label": "Receivables Purchase Agreement (Lennox International Inc)", "score": 32.8767967146, "published": true}, {"hash": "ikwYtvqS015", "uri": "/contracts/ikwYtvqS015#optional-liquidation", "label": "Receivables Purchase Agreement (Lennox International Inc)", "score": 30.8809034908, "published": true}, {"hash": "8o5htAoD3yG", "uri": "/contracts/8o5htAoD3yG#optional-liquidation", "label": "Receivables Purchase Agreement (Lennox International Inc)", "score": 29.8049281314, "published": true}], "snippet": "Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in subsection (e) of Section 10.1), the Administrative Agent shall, at the request, or may with the consent, of any Purchaser Agent, by notice to the Seller declare the Funding Termination Date to have occurred and the Liquidation Period to have commenced.", "snippet_links": [{"key": "liquidation-event", "type": "definition", "offset": [25, 42]}, {"key": "agent-shall", "type": "definition", "offset": [140, 151]}, {"key": "the-request", "type": "clause", "offset": [156, 167]}, {"key": "purchaser-agent", "type": "definition", "offset": [201, 216]}, {"key": "notice-to-the-seller", "type": "clause", "offset": [221, 241]}, {"key": "funding-termination-date", "type": "clause", "offset": [254, 278]}, {"key": "liquidation-period", "type": "definition", "offset": [304, 322]}], "size": 36, "hash": "78386c30abbb2696c5970eb2f6394588", "id": 1}, {"samples": [{"hash": "boCWLPFzEPe", "uri": "/contracts/boCWLPFzEPe#optional-liquidation", "label": "Receivables Purchase Agreement (Land O Lakes Inc)", "score": 21.0, "published": true}, {"hash": "6qIcM8AgijA", "uri": "/contracts/6qIcM8AgijA#optional-liquidation", "label": "Receivables Purchase Agreement (Land O Lakes Inc)", "score": 21.0, "published": true}, {"hash": "lCPu10s5Im1", "uri": "/contracts/lCPu10s5Im1#optional-liquidation", "label": "Receivables Purchase Agreement (Land O Lakes Inc)", "score": 18.0, "published": true}], "snippet": "Upon the occurrence of a Termination Event (other than a Termination Event described in subsection (h) of Section 10.1), the Administrator shall, at the request, or may with the consent, of the Required Purchasers, by notice to Seller, declare the Purchase Termination Date to have occurred and the Termination Period to have commenced.", "snippet_links": [{"key": "termination-event", "type": "definition", "offset": [25, 42]}, {"key": "the-administrator", "type": "clause", "offset": [121, 138]}, {"key": "the-request", "type": "clause", "offset": [149, 160]}, {"key": "required-purchasers", "type": "definition", "offset": [194, 213]}, {"key": "notice-to-seller", "type": "clause", "offset": [218, 234]}, {"key": "purchase-termination-date", "type": "definition", "offset": [248, 273]}, {"key": "termination-period", "type": "clause", "offset": [299, 317]}], "size": 13, "hash": "c97c32ecd629feee08116a346cbc3845", "id": 2}, {"samples": [{"hash": "hSoR33mOc3d", "uri": "/contracts/hSoR33mOc3d#optional-liquidation", "label": "Receivables Purchase Agreement (Medco Health Solutions Inc)", "score": 18.0, "published": true}, {"hash": "21Mzf5nN0pN", "uri": "/contracts/21Mzf5nN0pN#optional-liquidation", "label": "Receivables Purchase Agreement (Medco Health Solutions Inc)", "score": 18.0, "published": true}], "snippet": "The Seller may at any time direct that Reinvestment Purchases cease for the Receivable Interests of all Purchasers. Any such direction shall be made by giving the Administrative Agent and the Servicer at least two Business Days' prior written (including telecopy or other facsimile communication) notice (each a \"Reduction Notice\") specifying the date on which such Reinvestment Purchases shall cease and, if desired, when such Reinvestment Purchases shall re-commence, identified as when the aggregate outstanding Capital is reduced by a specified amount (the \"Reduction Amount\"). If the Seller does not so specify the date on which Reinvestment Purchases shall re-commence, it may cause Reinvestment Purchases to re-commence at any time before the Termination Date, subject to the terms and conditions set forth herein, by notifying the Administrative Agent and the Servicer in writing (including by telecopy or other facsimile communication) at least one Business Day before the date on which it desires such Reinvestment Purchases to re-commence.", "snippet_links": [{"key": "the-seller", "type": "clause", "offset": [0, 10]}, {"key": "at-any-time", "type": "clause", "offset": [15, 26]}, {"key": "reinvestment-purchases", "type": "clause", "offset": [39, 61]}, {"key": "all-purchasers", "type": "clause", "offset": [100, 114]}, {"key": "the-administrative-agent", "type": "clause", "offset": [159, 183]}, {"key": "the-servicer", "type": "definition", "offset": [188, 200]}, {"key": "business-days", "type": "clause", "offset": [214, 227]}, {"key": "reduction-notice", "type": "definition", "offset": [313, 329]}, {"key": "outstanding-capital", "type": "clause", "offset": [503, 522]}, {"key": "specified-amount", "type": "definition", "offset": [539, 555]}, {"key": "reduction-amount", "type": "clause", "offset": [562, 578]}, {"key": "termination-date", "type": "definition", "offset": [750, 766]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [779, 803]}, {"key": "in-writing", "type": "clause", "offset": [877, 887]}], "size": 3, "hash": "87d998e63189a186d84b0cbcae40ce6f", "id": 4}, {"samples": [{"hash": "4xlbkr9ZHSn", "uri": "/contracts/4xlbkr9ZHSn#optional-liquidation", "label": "Receivables Purchase Agreement (CHS Inc)", "score": 34.5277207392, "published": true}], "snippet": "Upon, or any time after, the occurrence of an Event of Default (other than an Event of Default described in Section 10.1(e)), Administrative Agent shall, at the request, or may with the consent, of the Required Purchasers, by notice to Seller and Servicer declare the Purchase Termination Date to have occurred and the Liquidation Period to have commenced and shall have all of the remedies set forth in Section 9.3 or otherwise herein or in equity or at law. 753697831", "snippet_links": [{"key": "any-time", "type": "definition", "offset": [9, 17]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [29, 62]}, {"key": "default-described", "type": "clause", "offset": [87, 104]}, {"key": "agent-shall", "type": "definition", "offset": [141, 152]}, {"key": "the-request", "type": "clause", "offset": [157, 168]}, {"key": "required-purchasers", "type": "definition", "offset": [202, 221]}, {"key": "notice-to-seller", "type": "clause", "offset": [226, 242]}, {"key": "purchase-termination-date", "type": "definition", "offset": [268, 293]}, {"key": "liquidation-period", "type": "definition", "offset": [319, 337]}, {"key": "section-93", "type": "clause", "offset": [404, 415]}], "size": 3, "hash": "94bae4a0e83d17d3b98db9d5f815b7c9", "id": 5}, {"samples": [{"hash": "7ajZNhJLCG", "uri": "/contracts/7ajZNhJLCG#optional-liquidation", "label": "Asset Interest Transfer Agreement (Westpoint Stevens Inc)", "score": 18.0, "published": true}, {"hash": "l72Q2ouP8jp", "uri": "/contracts/l72Q2ouP8jp#optional-liquidation", "label": "Asset Interest Transfer Agreement (Westpoint Stevens Inc)", "score": 16.0, "published": true}], "snippet": "Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in Section 10.01(e)), the Administrator shall, at the request, or may with the consent, of Transferee, by notice to Transferor declare the Termination Date to have occurred and the Liquidation Period to have commenced.", "snippet_links": [{"key": "liquidation-event", "type": "definition", "offset": [25, 42]}, {"key": "the-administrator", "type": "clause", "offset": [107, 124]}, {"key": "the-request", "type": "clause", "offset": [135, 146]}, {"key": "notice-to-transferor", "type": "clause", "offset": [191, 211]}, {"key": "termination-date", "type": "definition", "offset": [224, 240]}, {"key": "liquidation-period", "type": "definition", "offset": [266, 284]}], "size": 2, "hash": "ad6518275f641db56cf1d45b4aadd2d2", "id": 6}, {"samples": [{"hash": "iozSNdnAvRu", "uri": "/contracts/iozSNdnAvRu#optional-liquidation", "label": "Receivables Purchase Agreement (Yellow Roadway Corp)", "score": 21.0, "published": true}, {"hash": "8NhBFnGjsFD", "uri": "/contracts/8NhBFnGjsFD#optional-liquidation", "label": "Receivables Purchase Agreement (Yrc Worldwide Inc)", "score": 21.0, "published": true}], "snippet": "Upon the occurrence of a Servicer Default (other than a Servicer Default described in Section 7.1(c)), the Administrative Agent shall, at the request, or may with the consent, of the Required Co-Agents, by notice to the Seller declare the Amortization Date to have occurred, the Liquidation Period to have commenced, the LC Issuer\u2019s obligation to issue Letters of Credit to have terminated, and/or the LC Obligations to be immediately due and payable.", "snippet_links": [{"key": "servicer-default", "type": "definition", "offset": [25, 41]}, {"key": "default-described", "type": "clause", "offset": [65, 82]}, {"key": "agent-shall", "type": "definition", "offset": [122, 133]}, {"key": "the-request", "type": "clause", "offset": [138, 149]}, {"key": "notice-to-the-seller", "type": "clause", "offset": [206, 226]}, {"key": "amortization-date", "type": "clause", "offset": [239, 256]}, {"key": "liquidation-period", "type": "definition", "offset": [279, 297]}, {"key": "lc-issuer", "type": "clause", "offset": [321, 330]}, {"key": "obligation-to-issue-letters-of-credit", "type": "clause", "offset": [333, 370]}, {"key": "lc-obligations", "type": "clause", "offset": [402, 416]}, {"key": "due-and-payable", "type": "clause", "offset": [435, 450]}], "size": 2, "hash": "defa2acb698ee401bc91c146fcb06702", "id": 7}, {"samples": [{"hash": "9Ajltq7QUI7", "uri": "/contracts/9Ajltq7QUI7#optional-liquidation", "label": "Loan Agreement (Aspen Technology Inc /De/)", "score": 21.0, "published": true}], "snippet": "Upon the occurrence and during the continuance of an Event of Default (other than an Event of Default described in subsection (f) of Section 9.01), the Agent shall, at the request, or may with the consent, of the Lenders, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.", "snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [35, 69]}, {"key": "default-described", "type": "clause", "offset": [94, 111]}, {"key": "the-agent-shall", "type": "clause", "offset": [148, 163]}, {"key": "the-request", "type": "clause", "offset": [168, 179]}, {"key": "the-lenders", "type": "clause", "offset": [209, 220]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [225, 247]}, {"key": "outstanding-principal-amount", "type": "definition", "offset": [282, 310]}, {"key": "the-loans", "type": "clause", "offset": [314, 323]}, {"key": "other-obligations", "type": "definition", "offset": [328, 345]}, {"key": "due-and-payable", "type": "clause", "offset": [352, 367]}, {"key": "unpaid-amount", "type": "definition", "offset": [388, 401]}, {"key": "further-notice", "type": "clause", "offset": [538, 552]}], "size": 2, "hash": "bc7b225fee3d76cd83cbe91ca9bfa04f", "id": 8}, {"samples": [{"hash": "21Mzf5nN0pN", "uri": "/contracts/21Mzf5nN0pN#optional-liquidation", "label": "Receivables Purchase Agreement (Medco Health Solutions Inc)", "score": 18.0, "published": true}], "snippet": "46 SECTION 2.17", "snippet_links": [{"key": "section-217", "type": "definition", "offset": [3, 15]}], "size": 2, "hash": "57033372bb83485cf012cdd987329626", "id": 9}, {"samples": [{"hash": "cBalfmnuxmw", "uri": "/contracts/cBalfmnuxmw#optional-liquidation", "label": "Receivables Purchase Agreement (Charming Shoppes Inc)", "score": 16.0, "published": true}], "snippet": "Upon the occurrence of a Liquidation Event -------------------- (other than a Liquidation Event described in subsection (e), (g), (h), (l) or -------------- --- --- --- (m) of Section 10.01), the Administrator shall, at the request, or may with the --- -------------- consent, of Purchaser, by notice to Seller declare the Purchase Termination Date to have occurred and the Liquidation Period to have commenced.", "snippet_links": [{"key": "liquidation-event", "type": "definition", "offset": [25, 42]}, {"key": "the-administrator", "type": "clause", "offset": [192, 209]}, {"key": "the-request", "type": "clause", "offset": [220, 231]}, {"key": "of-purchaser", "type": "clause", "offset": [277, 289]}, {"key": "notice-to-seller", "type": "clause", "offset": [294, 310]}, {"key": "purchase-termination-date", "type": "definition", "offset": [323, 348]}, {"key": "liquidation-period", "type": "definition", "offset": [374, 392]}], "size": 2, "hash": "eb58b0bbe55b0aa3f24498626f78efac", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1vcHRpb25hbC1saXF1aWRhdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Optional Liquidation", "parents": [["remedies", "Remedies"], ["liquidation-events", "Liquidation Events"], ["application-of-collections", "Application of Collections"], ["remedies-waiver", "Remedies; Waiver"], ["whereas", "WHEREAS"]], "children": [["", ""], ["holders", "Holders"], ["waivers-and-supplemental-agreements-with-consent-of-holders", "Waivers and Supplemental Agreements with Consent of Holders"], ["governing-law", "Governing Law"], ["permissible-without-action-by-certificateholders", "Permissible Without Action by Certificateholders"]], "size": 75, "id": "optional-liquidation", "related": [["cash-liquidation", "Cash Liquidation", "Cash Liquidation"], ["time-for-liquidation", "Time for Liquidation", "Time for Liquidation"], ["dissolution-liquidation", "Dissolution; Liquidation", "Dissolution; Liquidation"], ["liquidation-of-company", "Liquidation of Company", "Liquidation of Company"], ["winding-up-and-liquidation", "Winding Up and Liquidation", "Winding Up and Liquidation"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00"}, "json": true, "cursor": ""}}