Sale Termination Date definition

Sale Termination Date means, as to any Seller, the earliest to occur of the following:

Sale Termination Date means in relation to the obligations of a party relating to a Sale Notice, the earlier of:

Sale Termination Date. As defined in Section 1.4 hereof.

Examples of Sale Termination Date in a sentence

• The Indenture Trustee shall release to the Issuer all Receivables in the Trust Estate upon the occurrence of the Receivables Sale Termination Date, and shall execute all instruments of assignment, release or conveyance, prepared by the Issuer or the Receivables Seller, and delivered to the Indenture Trustee, as reasonably requested by the Issuer or the Receivables Seller.

• After the Closing Date, until the Purchase and Sale Termination Date, each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been, sold or contributed, as applicable, by such Originator to the Buyer immediately (and without further action) upon the creation of such Receivable.

• Merchant shall not, without the prior consent of Agent, raise the salary or wages or increase the benefits for, or pay any bonuses or other extraordinary payments to, any Store employees prior to the Sale Termination Date.

• Until the Receivables Sale Termination Date, the Depositor shall, automatically and without any further action on its part, sell and/or contribute, assign, transfer and convey to the Issuer, on each Business Day, each Additional Receivable not previously transferred to the Issuer and the Issuer shall purchase each such Additional Receivable together with all of the other Transferred Assets related to such Receivable.

• The amount of such Retention Bonuses shall be in an amount to be determined by Agent, in its discretion, and shall be payable within thirty (30) days after the Sale Termination Date, and shall be processed through Merchant’s payroll system.

More Definitions of Sale Termination Date

Sale Termination Date shall have the meaning specified in subsection 9.13(b).

Sale Termination Date means, with respect to the Transferor, the date that Receivables and Related Rights cease being sold or contributed, as applicable, to the Transferee under this Agreement pursuant to Article VI of this Agreement.

Sale Termination Date. As defined in Section 8.1 of the First Tier Agreement.

Sale Termination Date means the date on which all amounts payable under the Credit Documents (other than any indemnification obligations that have not yet been incurred) have been paid in full and the Commitments thereunder have been terminated.

Sale Termination Date as defined in the U.S. Sale and Contribution Agreement or UK Sale Agreement, respectively.

Sale Termination Date has the meaning assigned to that term in Section 6.1 hereof.

Sale Termination Date means as to any Store the date that JNA shall determine, in its sole discretion, to terminate the Sale as to such Store; provided, however, that with respect to each Store the Sale Termination Date shall in any event be no later than the Departure Date unless the Debtors and JNA mutually agree to extend the Sale and the Departure Date (hereinafter referred to as the "Extended Period"), in which case JNA shall be responsible for all costs and expenses incurred in connection with the Sale during such Extended Period, including, without limitation, occupancy costs, utility costs, payroll and benefit costs and all other expenses identified in Section 7 hereof; provided, further, that notwithstanding any of the foregoing, in the event that with respect to any Store the Sale is interrupted because of a force majeure event identified in Section 25 hereof such that sales of Merchandise may not be made in the ordinary course of business during such period, then with respect to such Store(s) the Sale Termination Date and Departure Date shall be extended by the number of days that sales of Merchandise could not be made and the Debtors shall be responsible for the occupancy costs and other costs and expenses it is responsible for during the initial sale period, provided, however, that no extension of the Sale Termination Date or Departure Date shall be beyond the expiration of the current lease term under the applicable Lease Instrument.