Common use of Optional Termination Clause in Contracts

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators (with a copy to the Administrator) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Pittston Co), Purchase and Sale Agreement (Imo Industries Inc), Purchase and Sale Agreement (Sequa Corp /De/)

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Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Church & Dwight Co Inc /De/), Purchase and Sale Agreement (Lesco Inc/Oh)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company Buyer shall have the option by notice to the Originators Originator (with a copy to Warnaco Operations and the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Master Agreement of Sale (Warnaco Group Inc /De/), Master Agreement of Sale (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators Originator (with a copy to the AdministratorAgent and the Insurer) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Adesa California, LLC), Purchase and Sale Agreement (Adesa Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination -------------------- Event, the Company Company, with the consent of the Agent, shall have the option by notice to the Originators Originator (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Yuasa Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase Facility as terminated. 20 Purchase and Sale Termination Date to have occurred.Sales Agreement

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination EventEvent other than by reason of a Purchase and Sale Termination Event of the type described in Section 8.1(f), the Company shall have the option by notice to the Originators Originator (with a copy to the AdministratorAdministrative Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prosource Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators Seller (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Warnaco Group Inc /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators Seller (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) Agent), to declare terminate the Purchase Facility by declaring the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, -------------------- the Company (and not the Servicer) shall have the option option, by notice to the Originators Originator (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Sale Agreement (KPMG Consulting Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consol Energy Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale -------------------- Termination Event, the Company shall have the option by written notice to the Originators (with a copy to the Administratoreach Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Steel Corp)

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Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company Buyer shall have the option option, by notice to the Originators Sellers (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurredFacility as terminated.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Fleetcor Technologies Inc)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurred.Facility as terminated. (b)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators each Originator (with a copy to the AdministratorAgent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Imperial Sugar Co /New/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not Servicer) shall have the option by notice to the Originators (with a copy to the Administrator) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Brands Corp)

Optional Termination. Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Company Buyer (and not the Servicer), with the prior written consent of the Administrator, shall have the option option, by notice to the Originators (with a copy to the Administrator) Administrator and the Purchaser Agents), to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kansas City Power & Light Co)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company (and not the Servicer) shall have the option option, by notice to the Originators (with a copy to the Administrator) ), to declare the Purchase and Sale Termination Date to have occurredDate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (York International Corp /De/)

Optional Termination. Upon the occurrence of a Purchase and Sale Termination Event, the Company shall have the option by notice to the Originators (with a copy to the Administratoreach Funding Agent) to declare the Purchase and Sale Termination Date to have occurred.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sequa Corp /De/)

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