Common use of Reconveyance of Receivables Clause in Contracts

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 14 contracts

Samples: Purchase and Sale Agreement (Cincinnati Bell Inc), Receivables Purchase Agreement (Concentrix Corp), Purchase and Sale Agreement (Triumph Group Inc)

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Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 6 contracts

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

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Sold Receivable pursuant to Section 3.3, such Originator may elect to have the Company shall reconvey such Sold Receivable to such Originator, . Any such reconveyance shall be without recourse and without representation or warranty, but warranty except that such Sold Receivable is free and clear of all liens, security interests, charges, and encumbrances created by the Company. Once so reconveyed by the Company to such Originator, such Originator shall not thereafter sell or contribute such Receivable to the Company.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Vistra Corp.), Purchase and Sale Agreement (Vistra Corp.), Purchase and Sale Agreement (Vistra Corp.)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.4, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Sequa Corp /De/), Purchase and Sale Agreement (Sequa Corp /De/), Purchase and Sale Agreement (Pittston Co)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section SECTION 3.3, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Worthington Industries Inc), Purchase and Sale Agreement (Atrium Companies Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance Repurchase Price of any Receivable pursuant to Section 3.3, the Company shall automatically reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 2 contracts

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

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3SECTION 3.4, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Warren S D Co /Pa/), Purchase and Contribution Agreement (Pilgrims Pride Corp)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.4, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Adesa California, LLC), Purchase and Sale Agreement (Minnesota Power & Light Co)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section SECTION 3.3, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/), Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

Reconveyance of Receivables. In the event that an any Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Aar Corp), Purchase and Sale Agreement (Consol Energy Inc)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3SECTION 3.4, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Allete), Purchase and Sale Agreement (Allete Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.4, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

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

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall automatically reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 1 contract

Samples: Joinder Agreement (Patriot Coal CORP)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section SECTION 3.3, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /De/)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey transfer such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Church & Dwight Co Inc /De/)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.3 or Section 3.4, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cincinnati Bell Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.2, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the CompanyCompany or the Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arch Western Resources LLC)

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Reconveyance of Receivables. In the event that an Originator has paid (by effecting a Purchase Price reduction or otherwise) to the Company the full Outstanding Unpaid Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable and all Related Rights with respect thereto, to such Originator, without recourse, representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Terra Industries Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.2, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synchronoss Technologies Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Brands Corp)

Reconveyance of Receivables. In the event that an Originator has paid or credited to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall reconvey such Receivable to such Originator, without recourse and without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Imo Industries Inc)

Reconveyance of Receivables. In the event that an the Originator has paid to --------------------------- the Company the full Outstanding Balance of any Receivable pursuant to Section ------- 3.3, the Company shall reconvey such Receivable to such the Originator, without --- representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.

Appears in 1 contract

Samples: Sale Agreement (KPMG Consulting Inc)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.4, the Company shall reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.. ARTICLE IV

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa Inc)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.30, the Company shall reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company.. SECTION 3.5

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Reconveyance of Receivables. In the event that an the Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall automatically reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company, and such Receivable, once so reconveyed to the Originator, shall be deemed not to be a Receivable for purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

Reconveyance of Receivables. In the event that an Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall automatically reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company, and such Receivable, once so reconveyed to such Originator, shall be deemed not to be a Receivable for purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

Reconveyance of Receivables. In the event that an Originator has paid --------------------------- to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.33.4, the Company shall reconvey such Receivable to such Originator, ----------- without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Company.

Appears in 1 contract

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

Reconveyance of Receivables. In the event that an thean Originator has paid to the Company the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Company shall automatically reconvey such Receivable to such thesuch Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Company, and such Receivable, once so reconveyed to thesuch Originator, shall be deemed not to be a Receivable for purposes of this Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

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