Common use of Continuing Compliance with the Uniform Commercial Code Clause in Contracts

Continuing Compliance with the Uniform Commercial Code. At its expense perform all acts and execute all documents necessary or reasonably requested by the Purchaser or the Trustee at any time to evidence, perfect, maintain and enforce the title or the security interest of the Purchaser or the Trustee in the Purchased Receivables and the priority thereof. The Originator and the Initial Seller will execute and deliver financing statements relating to or covering the Purchased Receivables sold to the Purchaser (reasonably satisfactory in form and substance to the Purchaser) and the Originator and the Initial Seller will authorize the Purchaser and the Trustee to file one or more financing statements relating to or covering the Purchased Receivables and the other property described in Section 2.1(a). The Originator and the Initial Seller shall cause each Contract related to a Purchased Receivable to be stamped in a conspicuous place (other than with respect to Contracts purchased on the Initial Closing Date the originals of which have been copied on microfilm or optically scanned and destroyed), and Records relating to the Purchased Receivables to be marked, with a legend stating that it has been sold, assigned and transferred to the Purchaser; provided that, subject to the immediately preceding parenthetical, in the case of the Purchased Receivables purchased on the Initial Closing Date, the Originator and the Initial Seller shall cause each Contract related to such Purchased Receivables to be stamped on or prior to the date that is sixty (60) days after the Initial Closing Date. The Originator and the Initial Seller shall deliver the Receivable Files related to each Contract to the Custodian; provided that while any Records evidencing Purchased Receivables is in custody of the Originator or the Initial Seller, the Originator or the Initial Seller, as applicable, will hold the same for the benefit of the Purchaser. Neither the Originator nor the Initial Seller will execute any effective financing statement (or similar statement or instrument of registration under the laws of any jurisdiction) or statements relating to any Purchased Receivables, except any financing statements filed or to be filed in respect of and covering the purchase of the Purchased Receivables by the Purchaser pursuant to this Agreement and the security interest created in favor of the Trustee pursuant to the Indenture.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Conns Inc)

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Continuing Compliance with the Uniform Commercial Code. At its expense perform all acts and execute all documents necessary or reasonably requested by the Purchaser Administrative Agent, the Purchaser, the Receivables Trust, the Issuer or the Indenture Trustee at any time to evidence, perfect, maintain and enforce the title or the security interest of the Purchaser or the Trustee Receivables Trust in the Purchased Contracts and related Receivables sold hereunder and the priority thereof. The Originator and the Initial Seller will execute and deliver financing statements relating to or covering the Purchased Contracts and related Receivables sold to the Purchaser hereunder (reasonably satisfactory in form and substance to the Administrative Agent and the Purchaser) and the Originator and the Initial Seller will authorize the Purchaser and the Trustee Receivables Trust to file one or more financing statements relating to or covering the Purchased Contracts and related Receivables and the other property described in Section 2.1(a). The Originator and Seller shall, on or prior to the Initial Seller shall date that is sixty (60) days after the related Purchase Date, cause each Contract related to a Purchased Receivable to be stamped in a conspicuous place (other than with respect to Contracts purchased on the Initial Closing Date the originals of which have been copied on microfilm or optically scanned and destroyed, in each case prior to such 60th day), and Records relating to the Purchased Receivables to be marked, with a legend stating that it has been sold, assigned and transferred to the Purchaser; provided that, subject to the immediately preceding parenthetical, in the case of the Purchased Receivables purchased on the Initial Closing Date, the Originator and the Initial Seller shall cause each Contract related to such Purchased Receivables to be stamped on or prior to the date that is sixty (60) days after the Initial Closing DateTrust. The Originator and the Initial Seller shall deliver the Receivable Files related to each Contract to the Custodian; provided that while any Records evidencing Purchased Contracts and related Receivables is in custody of the Originator or the Initial Seller, the Originator or the Initial Seller, as applicable, Seller will hold the same for the benefit of the PurchaserReceivables Trust. Neither the Originator nor the Initial The Seller will execute not file or authorize the filing of any effective financing statement (or similar statement or instrument of registration under the laws of any jurisdiction) or statements relating to any Purchased ReceivablesContracts and related Receivables sold hereunder, except any financing statements filed or to be filed in respect of and covering the purchase of the Purchased Contracts and related Receivables (i) by the Seller pursuant to those certain purchase agreements, dated the date hereof, by and between (I) the Seller, the Receivables Trust and the Purchaser and (II) the Seller and the 2016-A Seller, respectively, and (ii) by the Receivables Trust pursuant to this Agreement and the security interest created in favor of the Indenture Trustee pursuant to the Indenture.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Conns Inc)

Continuing Compliance with the Uniform Commercial Code. At its expense perform all acts and execute all documents necessary or reasonably requested by the Purchaser Administrative Agent, the Purchaser, the Receivables Trust, the Issuer or the Indenture Trustee at any time to evidence, perfect, maintain and enforce the title or the security interest of the Purchaser or the Trustee Receivables Trust in the Purchased Contracts and related Receivables sold hereunder and the priority thereof. The Originator and the Initial Seller will execute and deliver financing statements relating to or covering the Purchased Contracts and related Receivables sold to the Purchaser hereunder (reasonably satisfactory in form and substance to the Administrative Agent and the Purchaser) and the Originator and the Initial Seller will authorize the Purchaser and the Trustee Receivables Trust to file one or more financing statements relating to or covering the Purchased Contracts and related Receivables and the other property described in Section 2.1(a). The Originator and Seller shall, on or prior to the Initial Seller shall date that is sixty (60) days after the related Purchase Date, cause each Contract related to a Purchased Receivable to be stamped in a conspicuous place (other than with respect to Contracts purchased on the Initial Closing Date the originals of which have been copied on microfilm or optically scanned and destroyed, in each case prior to such 60th day), and Records relating to the Purchased Receivables to be marked, with a legend stating that it has been sold, assigned and transferred to the Purchaser; provided that, subject to the immediately preceding parenthetical, in the case of the Purchased Receivables purchased on the Initial Closing Date, the Originator and the Initial Seller shall cause each Contract related to such Purchased Receivables to be stamped on or prior to the date that is sixty (60) days after the Initial Closing DateTrust. The Originator and the Initial Seller shall deliver the Receivable Files related to each Contract to the Custodian; provided that while any Records evidencing Purchased Contracts and related Receivables is in custody of the Originator or the Initial Seller, the Originator or the Initial Seller, as applicable, Seller will hold the same for the benefit of the PurchaserReceivables Trust. Neither the Originator nor the Initial The Seller will execute not file or authorize the filing of any effective financing statement (or similar statement or instrument of registration under the laws of any jurisdiction) or statements relating to any Purchased ReceivablesContracts and related Receivables sold hereunder, except any financing statements filed or to be filed in respect of and covering the purchase of the Purchased Contracts and related Receivables (i) by the Seller pursuant to those certain purchase agreements, dated the date hereof, by and between (I) the Seller, the Receivables Trust and the Purchaser and (II) [Purchaser]the Seller and [Conn Credit I, L.P.]the 2016-B Seller, respectively, and (ii) by the Receivables Trust pursuant to this Agreement and the security interest created in favor of the Indenture Trustee pursuant to the Indenture.

Appears in 1 contract

Samples: Omnibus Amendment (Conns Inc)

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Continuing Compliance with the Uniform Commercial Code. At its expense perform all acts and execute all documents necessary or reasonably requested by the Purchaser Administrative Agent, the Purchaser, the Receivables Trust, the Issuer or the Indenture Trustee at any time to evidence, perfect, maintain and enforce the title or the security interest of the Purchaser or the Trustee Receivables Trust in the Purchased Contracts and related Receivables sold hereunder and the priority thereof. The Originator and the Initial Seller will execute and deliver financing statements relating to or covering the Purchased Contracts and related Receivables sold to the Purchaser hereunder (reasonably satisfactory in form and substance to the Administrative Agent and the Purchaser) and the Originator and the Initial Seller will authorize the Purchaser and the Trustee Receivables Trust to file one or more financing statements relating to or covering the Purchased Contracts and related Receivables and the other property described in Section 2.1(a). The Originator and Seller shall, on or prior to the Initial Seller shall date that is sixty (60) days after the related Purchase Date, cause each Contract related to a Purchased Receivable to be stamped in a conspicuous place (other than with respect to Contracts purchased on the Initial Closing Date the originals of which have been copied on microfilm or optically scanned and destroyed, in each case prior to such 60th day), and Records relating to the Purchased Receivables to be marked, with a legend stating that it has been sold, assigned and transferred to the Purchaser; provided that, subject to the immediately preceding parenthetical, in the case of the Purchased Receivables purchased on the Initial Closing Date, the Originator and the Initial Seller shall cause each Contract related to such Purchased Receivables to be stamped on or prior to the date that is sixty (60) days after the Initial Closing DateTrust. The Originator and the Initial Seller shall deliver the Receivable Files related to each Contract to the Custodian; provided that while any Records evidencing Purchased Contracts and related Receivables is in custody of the Originator or the Initial Seller, the Originator or the Initial Seller, as applicable, Seller will hold the same for the benefit of the PurchaserReceivables Trust. Neither the Originator nor the Initial The Seller will execute not file or authorize the filing of any effective financing statement (or similar statement or instrument of registration under the laws of any jurisdiction) or statements relating to any Purchased ReceivablesContracts and related Receivables sold hereunder, except any financing statements filed or to be filed in respect of and covering the purchase of the Purchased Contracts and related Receivables (i) by the Seller pursuant to those certain purchase agreements, dated the date hereof, by and between (I) the Seller, the Receivables Trust and the Purchaser and (II) Purchaserthe Seller and Conn Credit I, LPthe 2017-A Seller, respectively, and (ii) by the Receivables Trust pursuant to this Agreement and the security interest created in favor of the Indenture Trustee pursuant to the Indenture.

Appears in 1 contract

Samples: Omnibus Amendment (Conns Inc)

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