Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.
Purchase and Sale Termination Event has the meaning set forth in the Purchase and Sale Agreement.
Purchase and Sale Termination Event. (a) The Facility Termination Date (as defined in the Receivables Purchase Agreement) shall have occurred; or
Examples of Purchase and Sale Termination Event in a sentence
No event has occurred and is continuing or would result from a sale or contribution of Receivables or the application of the proceeds therefrom, that constitutes an Unmatured Purchase and Sale Termination Event with respect to such Originator or a Purchase and Sale Termination Event with respect to such Originator.
Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option, by notice to the affected Originator (with a copy to the Administrator), to declare the Purchase Facility, as it relates to the affected Originator, terminated.
More Definitions of Purchase and Sale Termination Event
Purchase and Sale Termination Event means the occurrence of any of the following events or occurrences:
Purchase and Sale Termination Event means with respect to an Originator, the occurrence of any Termination Event (as such term is defined in the Receivables Purchase Agreement) under clause (g) of the definition thereof, related to such Originator.
Purchase and Sale Termination Event has the meaning set forth in the Purchase and Sale Agreement. “Ratings Event” shall be deemed to have occurred on any day when the Parent does not have at least one of: (i) a rating of “B” or better by S&P on the Parent’s long-term senior unsecured and uncredit-enhanced debt securities or (ii) a rating of “B2” or better by Moody’s on the Parent’s long-term senior unsecured and uncredit-enhanced debt securities.
Purchase and Sale Termination Event with respect to an Originator:
Purchase and Sale Termination Event has the meaning set forth in Exhibit IV to the Purchase and Sale Agreement.
Purchase and Sale Termination Event with respect to a Transferor:
Purchase and Sale Termination Event has the meaning set forth in the Securitization Sale Agreement.