Definition of Potential Event of Termination

  1. Potential Event of Termination means any event that, with the giving of notice or the passage of time or both, would constitute an Event of Termination.

Examples of Potential Event of Termination in a sentence

  1. As soon as possible and in any event within 2 Business Days after a Responsible Officer of the Seller first becomes aware of each Event of Termination or Potential Event of Termination continuing on the date of such statement, a statement of a Responsible Officer of the Seller setting forth details of such Event of Termination or Potential Event of Termination and the action which the Seller has taken and proposes to take with respect thereto.

Definition of Potential Event of Termination in Receivables Purchase Agreement

Potential Event of Termination means any event that, with the giving of notice or the passage of time or both, would constitute an Event of Termination.