Common use of Purchase Termination Date Clause in Contracts

Purchase Termination Date. (a) The "Purchase Termination Date" shall be the earlier to occur of (i) the Facility Termination Date and (ii) the date of termination of the purchase facility with respect to Purchases pursuant to subsection (b).

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Sci Systems Inc), Receivables Purchase Agreement (Sci Systems Inc)

Purchase Termination Date. (a) The "Purchase Termination Date" shall be the earlier to occur of (i) the Facility Commitment Termination Date and (ii) the date of termination of the purchase facility Commitment with respect to Purchases pursuant to subsection (b).

Appears in 1 contract

Sources: Receivables Purchase Agreement (Sci Systems Inc)