Common use of Optional Liquidation Clause in Contracts

Optional Liquidation. Upon the occurrence of a Liquidation Event -------------------- (other than a Liquidation Event described in subsection (e), (g), (h), (l) or -------------- --- --- --- (m) of Section 10.01), the Administrator shall, at the request, or may with the --- -------------- consent, of Purchaser, by notice to Seller declare the Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Charming Shoppes Inc)

Optional Liquidation. Upon the occurrence of a Liquidation Event -------------------- (other than a Liquidation Event described in subsection (e), (g), (h), (l) or -------------- --- --- --- (m) of Section 10.01-------------- ------- 9.01), the Administrator or the Relationship Bank shall, at the request, or may with the --- -------------- consent, of the Administrator or Subordinated Purchaser, by notice to Seller declare the Purchase Termination Date to have occurred and the Liquidation Period to have commenced.

Appears in 1 contract

Sources: Receivables Purchase Agreement (C H Robinson Inc)