Common use of Optional Termination Clause in Contracts

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer shall have the option by notice to the Originator (with a copy to Warnaco Operations and the Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Sources: Master Agreement of Sale (Warnaco Group Inc /De/), Master Agreement of Sale (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (but not the Servicer) shall have the option option, by notice to the Originator Originators (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase Facility as terminated; provided, that the Company shall have satisfied all of its obligations under the Receivables Purchase Agreement and Sale Termination Date to such agreement shall have occurredbeen terminated in accordance with its terms.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Commercial Metals Co), Purchase and Sale Agreement (Commercial Metals Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer) shall have the option option, by notice to the Originator (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Church & Dwight Co Inc /De/), Purchase and Sale Agreement (Lesco Inc/Oh)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not Servicer) shall have the option by notice to the Originator (with a copy to Warnaco Operations and the Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Sources: Purchase and Contribution Agreement (Pilgrims Pride Corp), Purchase and Sale Agreement (Minnesota Power & Light Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not Servicer) shall have the option by notice to the Originator (with a copy to Warnaco Operations the Agent and the AgentInsurer) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Adesa Inc), Purchase and Sale Agreement (Adesa California, LLC)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Buyer Company shall have the option by written notice to the Originator Originators (with a copy to Warnaco Operations and the each Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (United States Steel Corp)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination -------------------- Event, the Buyer Company, with the consent of the Agent, shall have the option by notice to the Originator (with a copy to Warnaco Operations and the Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Receivables Transfer Agreement (Yuasa Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer) shall have the option option, by notice to the Originator Originators (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase and Sale Termination Date to have occurredDate.

Appears in 1 contract

Sources: Purchase and Sale Agreement (York International Corp /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination EventEvent other than by reason of a Purchase and Sale Termination Event of the type described in Section 8.1(f), the Buyer Company shall have the option by notice to the Originator (with a copy to Warnaco Operations and the Administrative Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Prosource Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company shall have the option by notice to the Originator Seller (with a copy to Warnaco Operations and the Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Buyer Company (and not the Servicer) shall have the option option, by notice to the Originator Seller (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer) shall have the option option, by notice to the Originator Originators (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Consol Energy Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not Servicer) shall have the option by notice to the each Originator (with a copy to Warnaco Operations and the Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Imperial Sugar Co /New/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company shall have the option by notice to the Originator Originators (with a copy to Warnaco Operations and the each Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Sequa Corp /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, -------------------- the Buyer Company (and not the Servicer) shall have the option option, by notice to the Originator (with a copy to Warnaco Operations and the Agent) Administrator), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not Servicer) shall have the option by notice to the Originator Originators (with a copy to Warnaco Operations and the AgentAdministrator) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (First Brands Corp)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company shall have the option option, by notice to the Originator (with a copy to Warnaco Operations and the Agent) ), to declare terminate the Purchase Facility by declaring the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer) or, after the assignment hereof to the Agent pursuant to the Receivables Purchase Agreement, the Agent, shall have the option option, by notice to the Originator Originators (with with, in the case of the Company, a copy to Warnaco Operations and the Agent) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Aar Corp)