Common use of Termination Date Determination Clause in Contracts

Termination Date Determination. Originator will not designate the “Termination Date” (as defined in the Transfer Agreement), or send any written notice to Marathon Canada in respect thereof, without the prior written consent of Buyer, the Administrative Agent and the Required Managing Agents, except with respect to the occurrence of such Termination Date arising pursuant to Section 5.1(d) of the Transfer Agreement.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Sale Agreement (Marathon Petroleum Corp)

Termination Date Determination. Originator will not designate the “Termination Date” (as defined in the theeach Transfer Agreement), or send any written notice to Marathon Canada or Marathon Supply, as applicable, in respect thereof, without the prior written consent of Buyer, the Administrative Agent and the Required Managing Agents, except with respect to the occurrence of such Termination Date arising pursuant to Section 5.1(d) of the theeach Transfer Agreement.

Appears in 1 contract

Sources: Receivables Sale Agreement (Marathon Petroleum Corp)