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Common use of Purchases of Receivables Clause in Contracts

Purchases of Receivables. No Originator or Superior shall, directly or indirectly, purchase any accounts receivable from any Person without the express written consent of the Administrative Agent.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Superior Telecom Inc), Receivables Sale Agreement (Alpine Group Inc /De/)

Related Clauses

  • Collection of Receivable Payments; Modifications of Receivables
  • Collection of Receivables
  • Purchase of Receivables
  • Characteristics of Receivables
  • Sale of Receivables

Parent Clauses

  • Amounts and Terms of the Purchases
  • Amounts and Terms of the Purchase
  • Representations Warranties and Covenants
  • Negative Covenants of the Originators
  • Capitalization of the Buyer and Amounts and Terms of the Purchases

Sub-Clauses

  • Agreement to Sell and Purchase
  • Closing Date Purchases
  • Subsequent Purchases
  • Purchase Price
  • General Provisions relating to Sale and Assignment of the Receivables
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