Purchase Expiration Date means the earlier of (i) August 24, 2010 and (ii) the date on which the Early Redemption Period commences, as such date may from time to time be modified in accordance with Section 2.04 hereof.
Purchase Expiration Date means the latest of (i) the Closing Date if Retailer provides an Exercise Notice to Bank, (ii) the date upon which Retailer notifies Bank of Retailer’s intent not to purchase the Accounts, or (iii) last date upon which Retailer may exercise its Purchase Option as set forth in Schedule 11.2 if Retailer has failed to provide an Exercise Notice to Bank.
Examples of Purchase Expiration Date in a sentence
Each of the Seller and the Servicer hereby agrees to provide written notice to each of the rating agencies then rating any outstanding series issued by the Issuer at least 5 days prior to the proposed effectiveness of (i) any extension of the Purchase Expiration Date and (ii) any proposed action specified in Section 2.04, Section 7.05, Section 10.06 or Section 11.01 of this Agreement.
The provisions of this Section 4 will terminate on the Purchase Expiration Date (as defined in Section 5 hereof).
Except as is expressly provided to the contrary in this Agreement, all of the terms, conditions and covenants of this Agreement (including the applicable provisions of Section 2.2 that relate to Retailer’s retail practices, Cardholder transactions, billing, customer servicing, settlement, chargeback and dispute handling) will continue in effect following the expiration or termination of the Term of this Agreement until the Purchase Expiration Date.
Notwithstanding anything contained herein, if both Three Pillars and the Committed Purchaser decline to extend the Tranche B Purchase Expiration Date, and the Issuer requests a Term Deposit be made pursuant to this Section 2.12, the Issuer shall request that both Three Pillars and the Committed Purchaser make a Term Deposit in accordance with the terms hereof.
The Purchase Expiration Date shall be deemed to have occurred on the reduction date on which the Class A Note Maximum Principal Balance is reduced to zero.