Common use of Optional Termination Clause in Contracts

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 12 contracts

Samples: Purchase and Sale Agreement (Owens & Minor Inc/Va/), Purchase and Sale Agreement (Lamar Media Corp/De), Purchase and Sale Agreement (Sylvamo Corp)

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Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Company shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersAdministrator), to declare the Purchase Facility as terminated.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (VWR Funding, Inc.), Purchase and Sale Agreement (Fleetcor Technologies Inc), Purchase and Sale Agreement (Arch Western Resources LLC)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer), with the prior written consent of the Administrative Agent ) shall have the option, by notice to the Originators Originator (with a copy to the Administrative Agent and the LendersAdministrator), to declare the Purchase Facility as terminated.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Ugi Corp /Pa/), Purchase and Sale Agreement (Ugi Corp /Pa/), Purchase and Sale Agreement (Ugi Corp /Pa/)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer), with the prior written consent of the Administrative Agent ) shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersAdministrator), to declare the Purchase Facility as terminated.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Worthington Industries Inc), Purchase and Sale Agreement (Kulicke & Soffa Industries Inc), Purchase and Sale Agreement (CSS Industries Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility terminated.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Integra Lifesciences Holdings Corp), Execution Version Purchase and Sale Agreement (Computer Sciences Corp), Purchase and Sale Agreement (NuStar Energy L.P.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Agent, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Volt Information Sciences, Inc.), Purchase and Sale Agreement (Volt Information Sciences, Inc.), Purchase and Sale Agreement (Volt Information Sciences, Inc.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Agent, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 3 contracts

Samples: Receivables Purchase and Sale Agreement (Volt Information Sciences, Inc.), Receivables Purchase and Sale Agreement (Volt Information Sciences, Inc.), Receivables Purchase and Sale Agreement (Volt Information Sciences, Inc.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersPurchasers), to declare the Purchase Facility terminated.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Mallinckrodt PLC), Purchase and Sale Agreement (Mallinckrodt PLC), Purchase and Sale Agreement (Ashland Global Holdings Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase Sale and Sale Contribution Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 3 contracts

Samples: Sale and Contribution Agreement (EnLink Midstream, LLC), Sale and Contribution Agreement (EnLink Midstream Partners, LP), Sale and Contribution Agreement (Evoqua Water Technologies Corp.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Company shall, with the prior written consent of the Administrative Agent shall Agent, have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersPurchasers), to declare the Purchase Facility as terminated.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Armstrong World Industries Inc), Receivables Purchase Agreement (Armstrong World Industries Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer Company (and but not the Servicer), with the prior written consent of the Administrative Agent ) shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersAdministrator), to declare the Purchase Facility as terminated; provided, that the Company shall have satisfied all of its obligations under the Receivables Purchase Agreement and such agreement shall have been terminated in accordance with its terms.

Appears in 2 contracts

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

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and but not the ServicerServicer or any Originator), with the prior written consent of the Administrative Agent (which may grant or deny such consent in its sole discretion), shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersPurchasers), to declare the Purchase Facility terminated.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Kinetik Holdings Inc.), Sale and Contribution Agreement (Mativ Holdings, Inc.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Agent, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Quintiles Transnational Holdings Inc.), Purchase and Sale Agreement (Foresight Energy LP)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators Sub-Originator (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 2 contracts

Samples: Sub Originator Sale Agreement (CONSOL Energy Inc.), Sub Originator Sale Agreement (CONSOL Coal Resources LP)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and but not the ServicerServicer or any Originator), with the prior written consent of the Administrative Agent (which may grant or deny such consent in its sole discretion), shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: English Sale Agreement (Sabre Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Buyer, with the prior written consent of the Administrative Agent and the Majority Group Agents, shall have the option, by notice to the Originators Seller (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exact Sciences Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer), with the prior written consent of the Administrative Agent Administrator, shall have the option, by notice to the Originators (with a copy to the Administrative Agent Administrator and the LendersPurchaser Agents), to declare the Purchase Facility to be terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Triumph Group Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Contribution Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersPurchasers), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Harsco Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility terminated.. (b)

Appears in 1 contract

Samples: Execution Version Purchase and Sale Agreement (Applied Industrial Technologies Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Administrator, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersAdministrator), to declare the Purchase Facility to be terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Meritor Inc)

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Optional Termination. Upon the occurrence and during the continuation of a Purchase Sale and Sale Contribution Termination Event, the Buyer (and but not the ServicerServicer or any Originator), with the prior written consent of the Administrative Agent (which may grant or deny such consent in its sole discretion), shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Sabre Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Master Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersPurchasers), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Receivables Sale Agreement (Nabors Industries LTD)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Company shall, with the prior written consent of the Administrative Agent shall Administrator, have the option, by notice to the Originators (with a copy to the Administrative Agent Administrator and the LendersPurchaser Agents), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Joinder Agreement (Patriot Coal CORP)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators Originator (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Covia Holdings Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent Administrator shall have the option, by notice to the Originators (with a copy to the Administrative Agent Administrator and the LendersPurchaser Agents), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Celanese Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer Company (and not the Servicer)) or, with after the prior written consent of assignment hereof to the Administrative Agent pursuant to the Receivables Purchase Agreement, the Agent, shall have the option, by notice to the Originators (with with, in the case of the Company, a copy to the Administrative Agent and the LendersAgent), to declare the Purchase Facility terminatedand Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Aar Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility terminated.. (b)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Warner Bros. Discovery, Inc.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Company, with the prior written consent of the Administrative Agent and the Majority Group Agents, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Concentrix Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Company, with the prior written consent of the Administrative Agent Agent, shall have the option, by notice to the Originators Originator (with a copy to the Administrative Agent and the LendersAgent), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synchronoss Technologies Inc)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination EventEvent hereunder, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersAgent), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Alliance Resource Partners Lp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer)Buyer, with the prior written consent of the Administrative Agent and the Majority Group Agents, shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the LendersGroup Agents), to declare the Purchase Facility as terminated.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exact Sciences Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent Administrator and the LendersPurchaser Agents), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (LyondellBasell Industries N.V.)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators any Sub-Originator (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.

Appears in 1 contract

Samples: Sub Originator Purchase and Sale Agreement (Covia Holdings Corp)

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