Common use of Reinvestment Purchases Clause in Contracts

Reinvestment Purchases. Unless a Conduit Purchaser has provided to the Agent, each Purchaser Agent, the Seller, and the Collection Agent a notice (which notice has not been revoked) that it no longer wishes to make Reinvestment Purchases (in which case such Conduit Purchaser's Reinvestment Purchases, but not those of its Related Bank Purchasers, shall cease), on each day before the Termination Date that any Collections are received by the Collection Agent and no Interim Liquidation is in effect, a Purchaser's Purchase Interest in such Collections shall automatically be used to make a Reinvestment Purchase by such Purchaser. A Conduit Purchaser may revoke any notice provided under the first sentence of this Section 1.1(d) by notifying the Agent, its Purchaser Agent, the Seller, and the Collection Agent that it will make Reinvestment Purchases.

Appears in 1 contract

Samples: Bergen Brunswig Corp

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Reinvestment Purchases. Unless a the Conduit Purchaser has provided to the Agent, each Purchaser Agent, the Seller, and the Collection Agent a notice (which notice has not been revokedrevoked by the Conduit) that it no longer wishes to make Reinvestment Purchases (in which case such Conduit Purchaser's the Conduit’s Reinvestment Purchases, but not those of its Related Bank the Committed Purchasers, shall will cease), on each day before the Liquidity Termination Date that any Collections are received by the Collection Agent and no Interim Liquidation is in effect, a Purchaser's ’s Purchase Interest in such Collections shall automatically be used to make a Reinvestment Purchase by such Purchaser. A The Conduit Purchaser may revoke any notice provided under the first sentence of this Section 1.1(d) by notifying the Agent, its Purchaser Agent, the Seller, and the Collection Agent that it will make Reinvestment Purchases.

Appears in 1 contract

Samples: Receivables Sale Agreement (Hunt J B Transport Services Inc)

Reinvestment Purchases. Unless a Conduit Purchaser has provided to the Agent, each its Purchaser Agent, the Seller, and the Collection Agent a notice (which notice has not been revoked) that it no longer wishes to make Reinvestment Purchases (in which case such Conduit Purchaser's ’s Reinvestment Purchases, but not those of its Related Bank PurchasersLiquidity Providers, shall cease), on each day before the Termination Date that any Collections are received by the Collection Agent and no Interim Liquidation is in effect, effect a Purchaser's ’s Purchase Interest in such Collections shall automatically be used to make a Reinvestment Purchase by such Purchaser. A Conduit Purchaser may revoke any notice provided under the first sentence of this Section 1.1(d1.1 (d) by notifying the Agent, its Purchaser Agent, the Seller, and the Collection Agent that it will make Reinvestment Purchases.

Appears in 1 contract

Samples: Receivables Sale Agreement (Ametek Inc/)

Reinvestment Purchases. Unless a Conduit Purchaser has provided to the Agent, each its Purchaser Agent, the Seller, and the Collection Agent a notice (which notice has not been revoked) that it no longer wishes to make Reinvestment Purchases (in which case such Conduit Purchaser's ’s Reinvestment Purchases, but not those of its Related Bank PurchasersLiquidity Providers, shall cease), on each day before the Termination Date that any Collections are received by the Collection Agent and no Interim Liquidation is in effect, effect a Purchaser's ’s Purchase Interest in such Collections shall automatically be used to make a Reinvestment Purchase by such Purchaser. A Conduit Purchaser may revoke any notice provided under the first sentence of this Section 1.1(d) by notifying the Agent, its Purchaser Agent, the Seller, and the Collection Agent that it will make Reinvestment Purchases.

Appears in 1 contract

Samples: Receivables Sale Agreement (Ametek Inc/)

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Reinvestment Purchases. Unless a Conduit Purchaser has provided to the Agent, each its Purchaser Agent, the Seller, and the Collection Agent a notice (which notice has not been revoked) that it no longer wishes to make Reinvestment Purchases (in which case such Conduit Purchaser's Reinvestment Purchases, but not those of its Related Bank Purchasers, shall cease), on each day before the Termination Date that any Collections are received by the Collection Agent and no Interim Liquidation is in effect, effect a Purchaser's Purchase Interest in such Collections shall automatically be used to make a Reinvestment Purchase by such Purchaser. A Conduit Purchaser may revoke any notice provided under the first sentence of this Section 1.1(d) by notifying the Agent, its Purchaser Agent, the Seller, and the Collection Agent that it will make Reinvestment Purchases.

Appears in 1 contract

Samples: Receivables Sale Agreement (Swift Transportation Co Inc)

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