THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT DATED AS OF JANUARY 25, 2010 BY AND AMONG P&L RECEIVABLES COMPANY, LLC, as Seller, PEABODY ENERGY CORPORATION, as initial Servicer, ARCLAR COMPANY, LLC, PEABODY MIDWEST MINING, LLC, TWENTYMILE...Receivables Purchase Agreement • January 27th, 2010 • Peabody Energy Corp • Bituminous coal & lignite surface mining • Illinois
liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or the Seller, Peabody or any Originator shall take any corporate or organizational action to authorize any of the actions set forth above in this paragraph;
