Certain Rights of the Purchaser. (a) The Purchaser may, at any time during the existence of an Event of Termination, give notice of ownership to, and/or direct, the Obligors of Transferred Assets and any other Person obligated on any Transferred Assets, or any of them, that payment of all amounts payable under any Transferred Asset shall be made directly to the Purchaser or its assignees.
Appears in 4 contracts
Samples: Secondary Purchase Agreement (Hayes Lemmerz International Inc), Secondary Purchase Agreement (Hayes Lemmerz International Inc), Originator Purchase Agreement (Hayes Lemmerz International Inc)
Certain Rights of the Purchaser. (a) The After a Control Event, the Purchaser may, at any time during the existence of an Event of Terminationtime, give notice of ownership to, and/or direct, direct the Obligors of Transferred Assets Receivables and any other Person obligated on any Transferred AssetsRelated Security, or any of them, that payment of all amounts payable under any Transferred Asset Receivable shall be made directly to the Purchaser or its assigneesdesignee. Each Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Boxes and Deposit Accounts maintained by such Seller for the purpose of receiving Collections.
Appears in 2 contracts
Samples: Purchase and Contribution Agreement (AbitibiBowater Inc.), Purchase and Contribution Agreement (AbitibiBowater Inc.)
Certain Rights of the Purchaser. (a) The Purchaser may, at any time during the existence of after an Event of Termination, Termination (other than under Section 7.01(f) or (h)) give notice of ownership to, and/or direct, direct the Obligors of Transferred Assets Sold Receivables and any other Person obligated on any Transferred AssetsRelated Security, or any of them, that payment of all amounts payable under any Transferred Asset Sold Receivable shall be made directly to the Purchaser or its assigneesdesignee.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Alliance One International, Inc.), Receivables Purchase Agreement (Alliance One International, Inc.)
Certain Rights of the Purchaser. (a) The Purchaser may, at any time during the existence continuance of an any Event of Termination, give notice of ownership to, and/or direct, direct the Obligors of Transferred Assets Receivables and any other Person obligated on any Transferred AssetsRelated Security, or any of them, that payment of all amounts payable under any Transferred Asset Receivable shall be made directly to the Purchaser or its assigneesdesignee. Each Seller hereby transfers to the Purchaser the exclusive ownership and control of each Lock-Box and Deposit Account.
Appears in 1 contract
Certain Rights of the Purchaser. (a) The Purchaser may, at any time during after the existence occurrence of an Event of Termination or Incipient Event of Termination, give notice of ownership to, and/or direct, direct the Obligors of Transferred Assets Receivables and any other Person obligated on any Transferred AssetsRelated Security, or any of them, that payment of all amounts payable under any Transferred Asset Receivable shall be made directly to the Purchaser or its assigneesdesignee or directly to the Designated Account.
Appears in 1 contract
Samples: Execution Copy Purchase and Contribution Agreement (North Atlantic Energy Corp /Nh)