Receivables Facility. Any default resulting in an early amortisation event or event permitting any receivables purchaser or receivables purchasers to effect an early termination of any Permitted Receivables Facility (or a portion thereof) shall have occurred and be continuing (after giving effect to any legally valid written waivers of such events adopted by the relevant receivables purchasers).
Appears in 4 contracts
Sources: Senior Facilities Agreement (Corporate Express N.V.), Senior Facilities Agreement (Buhrmann Nv), Senior Facilities Agreement (Moore Labels Inc)