Common use of Assignment of Receivables and Perfection Clause in Contracts

Assignment of Receivables and Perfection. (a) Upon acceptance of any Offer in accordance with Clauses 2.2(a) to 2.2(f) inclusive, the Originator's beneficial rights, title and interest in and to (i) the Receivables to which such Offer relates, (ii) the Related Property and (iii) all Collections (and the related benefit of any guarantees referable to (i), (ii) and (iii)) shall thereupon pass to the Purchaser. Such property shall be referred to collectively herein as the "Receivable Assets".

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Huntsman International LLC), Receivables Purchase Agreement (Huntsman Ici Holdings LLC), Dutch Receivables Purchase Agreement (Huntsman Ici Holdings LLC)

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