Common use of Borrower Assets Clause in Contracts

Borrower Assets. With respect to each Receivable and the 2023-1A SUBI Certificate, the Borrower will: (i) acquire such Receivable and the 2023-1A SUBI Certificate pursuant to and in accordance with the terms of the Second Tier Purchase Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Receivable and the 2023-1A SUBI Certificate, including (A) filing and maintaining effective financing statements (Form UCC-1) listing Regional Management as debtor in all necessary or appropriate filing offices (and will cause Regional Management to obtain similar financing statements from each Originator from which it acquired the Receivables), and filing continuation statements, amendments or assignments with respect thereto in such filing offices, (B) registering the 2023-1A SUBI Certificate in the name of the Borrower and delivering the 2023-1A SUBI Certificate to the Administrative Agent, endorsed in blank, and (C) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Administrative Agent or any Lender may reasonably request, including the filing of financing statements (Form UCC-1) listing the Administrative 108 Agent as secured party to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Regional Management Corp.)

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Borrower Assets. With respect to each Receivable and the 2023-1A 1B SUBI Certificate, the Borrower will: (i) acquire such Receivable and the 2023-1A 1B SUBI Certificate pursuant to and in accordance with the terms of the Second Tier Purchase Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Receivable and the 2023-1A 1B SUBI Certificate, including (A) filing and maintaining effective financing statements (Form UCC-1) listing Regional Management as debtor in all necessary or appropriate filing offices (and will cause Regional Management to obtain similar financing statements from each Originator from which it acquired the Receivables), and filing continuation statements, amendments or assignments with respect thereto in such filing offices, (B) registering the 2023-1A 1B SUBI Certificate in the name of the Borrower and delivering the 2023-1A 1B SUBI Certificate to the Administrative Agent, endorsed in blank, and (C) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Administrative Agent or any Lender may reasonably request, including the filing of financing statements (Form UCC-1) listing the Administrative 108 104 Agent as secured party to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Regional Management Corp.)

Borrower Assets. With respect to each Receivable and the 2023-1A SUBI Certificate, the Borrower will: (i) acquire such Receivable and the 2023-1A SUBI Certificate pursuant to and in accordance with the terms of the Second Tier Purchase Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Receivable and the 2023-1A SUBI Certificate, including (A) filing and maintaining effective financing statements (Form UCC-1) listing Regional Management as debtor in all necessary or appropriate filing offices (and will cause Regional Management to obtain similar financing statements from each Originator from which it acquired the Receivables), and filing continuation statements, amendments or assignments with respect thereto in such filing offices, (B) registering the 2023-1A SUBI Certificate in the name of the Borrower and delivering the 2023-1A SUBI Certificate to the Administrative Agent, endorsed in blank, and (C) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Administrative Agent or any Lender may reasonably request, including the filing of financing statements (Form UCC-1) listing the Administrative 108 105 Agent as secured party to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Regional Management Corp.)

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Borrower Assets. With respect to each Receivable and the 2023-1A 1B SUBI Certificate, the Borrower will: (i) acquire such Receivable and the 2023-1A 1B SUBI Certificate pursuant to and in accordance with the terms of the Second Tier Purchase Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Receivable and the 2023-1A 1B SUBI Certificate, including (A) filing and maintaining effective financing statements (Form UCC-1) listing Regional Management as debtor in all necessary or appropriate filing offices (and will cause Regional Management to obtain similar financing statements from each Originator from which it acquired the Receivables), and filing continuation statements, amendments or assignments with respect thereto in such filing offices, (B) registering the 2023-1A 1B SUBI Certificate in the name of the Borrower and delivering the 2023-1A 1B SUBI Certificate to the Administrative Agent, endorsed in blank, and (C) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Administrative Agent or any Lender may reasonably request, including the filing of financing statements (Form UCC-1) listing the Administrative 108 Agent as secured party to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Regional Management Corp.)

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