Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned Subsidiaries of United Stationers Inc. may become additional Sellers parties hereto, the receivables originated by which may constitute Eligible Receivables of such Seller. 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, subject to the terms and provisions of the Pooling and Servicing Agreements, 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, then in the case of a wholly-owned Subsidiary of United Stationers Inc., such wholly-owned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 3.02 and the conditions, if any, set forth in the Pooling and Servicing Agreements.
Appears in 1 contract
Sources: Receivables Sale Agreement (United Stationers Supply Co)
Addition of Sellers. Subject to the terms and conditions hereof, from time to time one or more wholly-owned Subsidiaries of United Stationers Inc. may become additional Sellers parties hereto, the receivables originated by which may constitute Eligible Receivables of such Seller. If any such Subsidiary wishes to become an additional Seller, it shall submit a request to such effect in writing to USFS and forward a copy of such request to the Company and the Trustee. USFS, at the direction of the Company. The Company, in its sole and absolute discretion, may, subject to the terms and provisions of the Pooling and Servicing Agreements, agree to (subject to the approval of the Trustee) or deny any such request, ; PROVIDED that, if the Company USFS 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 USFS shall have agreed to any such requestrequest pursuant to this Section 9.13, then in the case of a wholly-owned Subsidiary of United Stationers Inc., such wholly-owned Subsidiary shall become an additional Seller party hereto on the related Seller Addition Date upon satisfaction of the conditions set forth in Section 3.02 3.2 and the conditions, if any, set forth in the Pooling and Servicing Agreements.
Appears in 1 contract
Sources: Usfs Receivables Sale Agreement (United Stationers Supply Co)