Common use of Certain Rights of the Purchaser Clause in Contracts

Certain Rights of the Purchaser. (a) The Purchaser may, at any time, notify the Obligors of Transferred Receivables of the Purchaser's ownership of the Transferred Receivables. The Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Box Accounts maintained by the Seller for the purpose of receiving Collections.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Dal Tile International Inc)

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Certain Rights of the Purchaser. (a) The Purchaser may, at any time, notify the Obligors of Transferred Receivables of the Purchaser's ownership of the Transferred Receivables. The Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Box Accounts maintained by the Seller for the purpose of receiving Collections.. At any time following a Cash Control Triggering Event:

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)

Certain Rights of the Purchaser. (a) The Purchaser may, at any time, notify the Obligors of Transferred Receivables of the Purchaser's ownership of the Transferred Receivables. The Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Box Accounts maintained by the Seller for the purpose of receiving Collections.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Ck Witco Corp)

Certain Rights of the Purchaser. (a) The Purchaser may, at any time, notify the Obligors of Transferred Receivables of the Purchaser's ownership of the Transferred Receivables. The Each Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Box Boxes and Deposit Accounts maintained by the such Seller for the purpose of receiving Collections.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Olin Corp)

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Certain Rights of the Purchaser. (a) The Purchaser mayTo the extent it has not previously done so, at any time, notify the Obligors of Transferred Receivables of the Purchaser's ownership of the Transferred Receivables. The each Seller hereby transfers to the Purchaser (and its assigns and designees) the exclusive ownership and control of the Lock-Box Accounts maintained by the such Seller for the purpose of receiving Collections.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)

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