Covenants of the Transferor. The Transferor hereby covenants that: (a) Receivables to be Accounts or General Intangibles. Except in connection with the enforcement thereof, the Transferor will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder. The Transferor will take no action to cause any Receivable to be anything other than an "account" or "general intangible" (as defined in the UCC).
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co), Pooling and Servicing Agreement (Chase Credit Card Master Trust), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Covenants of the Transferor. The Transferor hereby --------------------------- covenants that:
(a) Receivables to be Accounts or General Intangibles. Except in ------------------------------------------------- connection with the enforcement thereof, the Transferor will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder. The Transferor will take no action to cause any Receivable to be anything other than an "account" or "general intangible" (as defined in the UCC).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Covenants of the Transferor. The Transferor hereby covenants that:
(a) Receivables to be Accounts or General IntangiblesRECEIVABLES TO BE ACCOUNTS OR GENERAL INTANGIBLES. Except in connection with the enforcement thereof, the The Transferor will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCCUCC as in effect in the Relevant UCC State). Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder. The Transferor will take no action to cause any Receivable to be anything other than an "account" or a "general intangible" (each as defined in the UCCUCC as in effect in the Relevant UCC State).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/)
Covenants of the Transferor. The Transferor hereby covenants that:
(a) Receivables to be Accounts or General IntangiblesRECEIVABLES TO BE ACCOUNTS. Except in connection with the enforcement thereof, the The Transferor will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder. The Transferor will take no action to cause any Receivable to be anything other than an "account" or "general intangible" (as defined in the UCC).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust)
Covenants of the Transferor. The Transferor hereby covenants that:
(a) Receivables to be To Be Accounts or General Intangibles. Except in connection with the enforcement thereof, the Transferor It will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder. The Transferor will take no action ) or to cause any Receivable to be anything other than an "account" or "general intangible" (as defined in the UCC).) other than Receivables in Defaulted Accounts. Each Receivable shall be payable pursuant to a contract which does not create a Lien on any goods purchased thereunder;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)
