Common use of Collection Account Agreements Clause in Contracts

Collection Account Agreements. The Originator hereby transfers to the Buyer, effective concurrently with the initial Purchase hereunder, the exclusive ownership and control of the Lock-Boxes and the Collection Accounts, as evidenced by the Collection Account Agreements, and the Originator (other than in its capacity as Sub-Servicer) shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Originator hereby authorizes the Buyer, and agrees that the Buyer shall be entitled to (i) endorse the Originator's name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and its designees rather than the Originator.

Collection Account Agreements. The Each Originator hereby transfers to the Buyer, effective concurrently with the initial Purchase hereunderhereunder (or, if any Collection Account is not in existence on such date, concurrently with the opening of such account), the exclusive ownership and control of the Lock-Boxes and the Collection Accounts, as evidenced by the Collection Account Agreements, and the such Originator (other than in its capacity as Sub-Servicer) shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Each Originator hereby authorizes the Buyer, and agrees that the Buyer shall be entitled to (i) endorse the such Originator's ’s name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and its designees rather than the such Originator.

Collection Account Agreements. (a) The Originator hereby transfers to the Buyer, effective concurrently with the initial Purchase hereunder, the exclusive ownership and control of the Lock-Boxes and the Collection Accounts, as evidenced by the Collection Account Agreements, and the Originator (other than in its capacity as Sub-Servicer) shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Originator hereby authorizes the Buyer, and agrees that the Buyer shall be entitled to (i) endorse the Originator's ’s name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and or its designees rather than the Originator.

Collection Account Agreements. The Originator hereby transfers to the Buyer, effective concurrently with the initial Purchase hereunderhereunder (or, if any Collection Account is not in existence on such date, concurrently with the opening of such account), the exclusive ownership and control of the Lock-Boxes and the Collection Accounts, as evidenced by the Collection Account Agreements, and the Originator (other than in its capacity as Sub-Servicer) shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Originator hereby authorizes the Buyer, and agrees that the Buyer shall be entitled to (i) endorse the Originator's name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and its designees rather than the Originator.