{"id":42716,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/purchase-and-sale-agreement-solectron-corp-solectron2.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"purchase-and-sale-agreement-solectron-corp-solectron2","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/purchase-and-sale-agreement-solectron-corp-solectron2.html","title":{"rendered":"Purchase and Sale Agreement &#8211; Solectron Corp., Solectron California Corp. and Solectron Funding Corp."},"content":{"rendered":"<pre>\n                       PURCHASE AND SALE AGREEMENT\n\n\n                                 among\n\n\n                         SOLECTRON CORPORATION,\n                 as Originator, Servicer and Guarantor,\n\n\n                    SOLECTRON CALIFORNIA CORPORATION,\n                              as Originator,\n\n\n                                 and\n\n\n                     SOLECTRON FUNDING CORPORATION,\n                        as the Initial Purchaser\n\n\n\n\n\n                     Dated as of September 17, 1997\n\n\n\n\n\n\n\n\n                            TABLE OF CONTENTS\n\n                                                                  PAGE\n\nARTICLE I     AMOUNTS AND TERMS OF THE PURCHASES\n\nSECTION 1.1   Agreement to Purchase and Sell                       -1-\nSECTION 1.2   Timing of Purchases                                  -2-\nSECTION 1.3   Calculation of Purchase Price                        -2-\nSECTION 1.4   Definitions and Calculations Related to Purchase \n              Discount                                             -3-\nSECTION 1.5   Purchase Price Payments                              -5-\nSECTION 1.6   The Initial Purchaser Notes                          -5-\nSECTION 1.7   Deemed Collections, Etc.                             -5-\nSECTION 1.8   No Recourse                                          -6-\nSECTION 1.9   True Sales                                           -6-\nSECTION 1.10  Payments and Computations, Etc                       -7-\n\nARTICLE II    CONDITIONS TO PURCHASES; REPRESENTATIONS AND WARRANTIES; \n              COVENANTS; PURCHASE AND SALE TERMINATION EVENTS\n\nSECTION 2.1   Conditions to Purchases                              -8-\nSECTION 2.2   Representations and Warranties; Covenants            -8-\nSECTION 2.3   Purchase and Sale Termination Events                 -8-\n\nARTICLE III   INDEMNIFICATION\n\nSECTION 3.1   Indemnities by each Originator                       -9-\nSECTION 3.2   Contribution                                        -10-\n\nARTICLE IV    ADMINISTRATION AND COLLECTIONS; ADDITIONAL RIGHTS AND \n              OBLIGATIONS IN RESPECT OF THE RECEIVABLES\n\nSECTION 4.1   Servicing of Receivables and Related Assets         -11-\nSECTION 4.2   Rights of the Initial Purchaser; Enforcement Rights -11-\nSECTION 4.3   Responsibilities of each Originator                 -12-\nSECTION 4.4   Further Action Evidencing Purchases                 -13-\n\nARTICLE V     MISCELLANEOUS\n\nSECTION 5.1   Amendments, Etc.                                   -14-\nSECTION 5.2   Notices, Etc.                                      -14-\nSECTION 5.3   Acknowledgment and Consent                         -14-\nSECTION 5.4   Binding Effect; Assignability                      -15-\nSECTION 5.5   Costs, Expenses and Taxes                          -15-\nSECTION 5.6   No Proceedings; Limitation on Payments             -16-\nSECTION 5.7   GOVERNING LAW AND JURISDICTION                     -16-\nSECTION 5.8   Execution in Counterparts                          -17-\nSECTION 5.9   Survival of Termination                            -17-\nSECTION 5.10  WAIVER OF JURY TRIAL                               -17-\nSECTION 5.11  Entire Agreement                                   -18-\nSECTION 5.12  Headings                                           -18-\n\nARTICLE VI    GUARANTEE\n\nSECTION 6.1   Guarantee                                          -18-\nSECTION 6.2   Representation and Warranty                        -20-\nSECTION 6.3   Subrogation                                        -20-\n \n\nEXHIBIT I     CONDITIONS OF PURCHASES\n\nEXHIBIT II    REPRESENTATIONS AND WARRANTIES\n\nEXHIBIT III<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8858],"corporate_contracts_industries":[9507],"corporate_contracts_types":[9613,9619],"class_list":["post-42716","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-solectron-corp","corporate_contracts_industries-technology__equipment","corporate_contracts_types-operations","corporate_contracts_types-operations__sales"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42716"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42716"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42716"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}