Common use of Purchase Termination Clause in Contracts

Purchase Termination. (a) The agreements of the Seller to sell Receivables hereunder may be terminated at any time by the Seller by giving written notice thereof to the Purchaser and the Trustee of the Seller's election to terminate this Agreement, in which event the Purchase Termination Date shall thereafter occur on the date specified therefor by the Seller in such notice, but in any event not less than 60 days after the Trustee's receipt of such notice.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Wentworth J G & Co Inc)

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Purchase Termination. (a) The agreements of the Seller to sell Receivables hereunder may be terminated at any time by the Seller by giving written notice thereof to the Purchaser and the Trustee of the Seller's ' election to terminate this Agreement, in which event the Purchase Termination Date shall thereafter occur on the date specified therefor by the Seller in such notice, but in any event not less than 60 days after the Trustee's receipt of such notice.

Appears in 1 contract

Samples: Purchase Agreement (Wentworth J G & Co Inc)

Purchase Termination. (a) The agreements of the Seller Sellers to sell Receivables hereunder may be terminated at any time by the Seller Sellers by giving written notice thereof to the Purchaser and the Trustee Agent of the Seller's Sellers' election to terminate this Agreement, in which event the Purchase Termination Date shall thereafter occur on the date specified therefor by the Seller Sellers' in such notice, but in any event not less than 60 days after the TrusteeAgent's receipt of such notice.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lci International Inc /Va/)

Purchase Termination. (a) The agreements of the Seller to sell Receivables hereunder may be terminated at any time by the Seller by giving written notice thereof to the Purchaser SFC and the Trustee Agent of the Seller's ' election to terminate this Agreement, in which event the Purchase Termination Date shall thereafter occur on the date specified therefor by the Seller in such notice, but in any event not less than 60 days after the TrusteeAgent's receipt of such notice.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Shaw Industries Inc)

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Purchase Termination. (a) The agreements of the Seller to sell Receivables hereunder may be terminated at any time by the Seller by giving written notice thereof to the Purchaser Purchaser, the Agent, the Issuer and the Trustee of the Seller's election to terminate this Agreement, in which event the Purchase Termination Date shall thereafter occur on the date specified therefor by the Seller in such notice, but in any event not less than 60 days after the Trustee's receipt of such notice.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Wentworth J G & Co Inc)

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