Purchase Termination Events. The occurrence of any one or more of the following events shall constitute a “Purchase Termination Event”:
Purchase Termination Events. If, with respect to any Seller, any of the following events (each, a "PURCHASE TERMINATION EVENT" with respect to such Seller) shall have occurred and be continuing:
Purchase Termination Events. 25 ARTICLE VIII THE SUBORDINATED NOTE
Purchase Termination Events. SECTION 6.01.
Purchase Termination Events. The occurrence of each Purchase Termination Event and each event which with the passage of time or the giving of notice, or both, would be a Purchase Termination Event, by a statement of an Authorized Officer of the Seller.
Purchase Termination Events. 19 --------------------------- 6.2. Remedies........................................................ 20 --------
Purchase Termination Events. If any of the following events --------------------------- (each, a "Purchase Termination Event") shall occur and be continuing: --------------------------
Purchase Termination Events. Each of the following events or occurrences described in this SECTION 8.1(A) shall constitute a "PURCHASE TERMINATION EVENT":
Purchase Termination Events. The occurrence of any of the following shall constitute a “Purchase Termination Event” hereunder: (a) a Termination Date under the Receivables Purchase Agreement; or (b) any Originator, the Purchaser or the Parent or any of their respective Subsidiaries shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian or the like of itself or of all or a substantial part of its property, (ii) become unable, admit in writing its inability or fail to pay its debts generally as they become due, (iii) make a general assignment for the benefit of creditors, (iv) be adjudicated a bankrupt or insolvent, (v) commence a voluntary case under the Federal Bankruptcy Code or any applicable bankruptcy or insolvency Law of Jersey or file a voluntary petition or answer seeking reorganization, an arrangement with creditors or an order for relief or seeking to take advantage of any insolvency Law or file an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding, or action shall be taken by it for the purpose of effecting any of the foregoing, or (vi) if without the application, approval or consent of any Originator, the Purchaser, the Parent or any of its Subsidiaries, a proceeding shall be instituted in any court of competent jurisdiction, under any Law relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking in respect of such Originator, the Purchaser, the Parent or any of its Subsidiaries an order for relief or an adjudication in bankruptcy, reorganization, dissolution, winding up, liquidation, a composition or arrangement with creditors, a readjustment of debts, the appointment of a trustee, receiver, liquidator or custodian or the like of such Originator, the Purchaser, the Parent or its Material Subsidiaries or of all or any substantial part of its assets, or other like relief in respect thereof under any bankruptcy or insolvency Law, and, if such proceeding is being contested by such Originator, the Purchaser, the Parent or its Subsidiaries in good faith, the same shall (A) result in the entry of an order for relief or any such adjudication or appointment or (B) continue undismissed for any period of 60 consecutive days.
Purchase Termination Events. 30 SECTION 7.02 Remedies ....................................................... 32 ARTICLE VIII Seller Note ..................................... 33 ARTICLE IX Miscellaneous .................................... 34
