Addition of Sellers. Subject to subsection 3.4 hereof, ------------------- subsection 8.23 of the Receivables Transfer Agreement and the terms and conditions of this subsection 9.14, from time to time one or more additional, direct or indirect, wholly owned Subsidiaries of WMI may become Sellers hereunder and parties hereto. If any such Subsidiary wishes to become an additional Seller, it shall submit a request to such effect in writing to the Company. The Company, in its sole and absolute discretion, may agree to or deny any such request; provided, that if the Company shall have failed to respond to -------- any such request within 30 days after receipt thereof, such request shall be deemed to have been denied. If the Company shall have agreed to any such request, such Subsidiary shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in subsection 3.4.
Appears in 1 contract
Sources: Receivables Sale Agreement (Waste Management Inc /De/)
Addition of Sellers. Subject to subsection 3.4 3.3 hereof, ------------------- subsection 8.23 of the Receivables Transfer Agreement any applicable provisions in any Supplement and the terms and conditions of this subsection 9.148.14, from time to time one or more additional, direct or indirect, wholly owned indirect Subsidiaries or Affiliates of WMI Stone Container Corporation may become Sellers hereunder and parties hereto. If any such Subsidiary or Affiliate wishes to become an additional Seller, it shall submit a request to such effect in writing to the Company. The Company, in its sole and absolute discretion, may agree to or deny any such request; provided, provided that if the Company shall have failed to respond to -------- any such request within 30 days after receipt thereof, such request shall be deemed to have been denied. If the Company shall have agreed to any such request, such Subsidiary or Affiliate shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in subsection 3.43.3.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Stone Container Corp)