Decreases. Seller shall provide the Agent with prior written notice in conformity with the Required Notice Period (a "REDUCTION NOTICE") of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (i) the date (the "PROPOSED REDUCTION DATE") upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Tower Automotive Inc), Receivables Purchase Agreement (Unifi Inc)
Decreases. The Seller shall provide the Agent Administrator with prior written notice in conformity with the Required Notice Period in the form of Exhibit X hereto (a "REDUCTION NOTICE"“Reduction Notice”) of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (ia) the date (the "PROPOSED REDUCTION DATE"“Proposed Reduction Date”) upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (iib) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests Purchased Assets in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"“Aggregate Reduction”). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)
Decreases. The Seller shall provide the Agent Administrator with prior written notice in conformity with the Required Notice Period (a "REDUCTION NOTICE"“Reduction Notice”) of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (ia) the date (the "PROPOSED REDUCTION DATE"“Proposed Reduction Date”) upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (iib) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"“Aggregate Reduction”). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Arch Chemicals Inc)
Decreases. Seller shall provide the Agent with prior written notice in conformity with the Required Notice Period (a "REDUCTION NOTICE"“Reduction Notice”) of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (i) the date (the "PROPOSED REDUCTION DATE"“Proposed Reduction Date”) upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"“Aggregate Reduction”). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 1 contract
Decreases. Seller shall provide the Agent with prior written notice in conformity with the Required Notice Period (a "REDUCTION NOTICE"Reduction Notice" ) of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (i) the date (the "PROPOSED REDUCTION DATE"Proposed Reduction Date" ) upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"Aggregate Reduction" ). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Adc Telecommunications Inc)
Decreases. Seller shall provide the Agent with prior written notice in conformity with the Required Notice Period (a "REDUCTION NOTICEReduction Notice") of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (i) the date (the "PROPOSED REDUCTION DATEProposed Reduction Date") upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTIONAggregate Reduction"). Only one (1) Reduction Notice shall be outstanding at any time.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Edwards Lifesciences Corp)
Decreases. The Seller shall provide the Agent Administrator with prior written notice in conformity with the Required Notice Period in the form of Exhibit XI hereto (a "REDUCTION NOTICE"“Reduction Notice”) of any proposed reduction of Aggregate Invested Amount. Such Reduction Notice shall designate (ia) the date (the "PROPOSED REDUCTION DATE"“Proposed Reduction Date”) upon which any such reduction of Aggregate Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period), and (iib) the amount of Aggregate Invested Amount to be reduced which shall be applied ratably to all Receivable Interests in accordance with the respective Invested Amounts thereof (the "AGGREGATE REDUCTION"“Aggregate Reduction”). Only one (1) Reduction Notice shall be outstanding at any time.
(c) Section 1.5 of the Receivables Purchase Agreement is hereby amended in its entirety and as so amended shall read as follows:
Appears in 1 contract
Sources: Receivables Purchase Agreement (Arch Chemicals Inc)