Common use of Further Actions Evidencing Purchases Clause in Contracts

Further Actions Evidencing Purchases. Each of the Originator and EDS agrees from time to time, at its expense, to promptly execute and deliver all further instruments and documents, and to take all further actions, that may be necessary, or that the Agent may reasonably request, to perfect or protect the Receivable Interests purchased hereunder, or to enable the Investors, the Banks or the Agent to exercise and enforce their respective rights and remedies hereunder; provided, however, that none of the Investors, the Banks and the Agent shall have any rights or remedies regarding the Contracts themselves, except with respect to the right to payment by the Obligors thereunder of the amounts owing to the Originator and/or EDS thereunder with respect to the merchandise sold or services provided to the Obligors thereunder. Without limiting the foregoing, each of the Originator and EDS will (i) upon the request of the Agent, execute and file such financing or continuation statements, or amendments thereto, and such other instruments and documents, that may be reasonably necessary, or that the Agent may reasonably request, to perfect or protect such Receivable Interests; and (ii) mxxx its master data processing records evidencing the Pool Receivables with a legend, reasonably acceptable to the Agent, evidencing that Receivable Interests therein have been sold. Each of the Originator and EDS authorizes the Seller, the Agent or EIS to file financing statements with respect to the Originator Purchase Agreement and the EDS Contribution Agreement as permitted by the UCC.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Electronic Data Systems Corp /De/)

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Further Actions Evidencing Purchases. Each of the Originator and EDS agrees from time to time, at its expense, to promptly execute and deliver all further instruments and documents, and to take all further actions, that may be necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect more fully evidence the Receivable Interests purchased hereunder, or to enable the Investors, the Banks or the Agent to exercise and enforce their respective rights and remedies hereunder; provided, however, that none of the Investors, the Banks and the Agent shall have any rights or remedies regarding the Contracts themselves, except with respect to the right to payment by the Obligors thereunder of the amounts owing to the Originator and/or EDS thereunder with respect to the merchandise sold or services provided to the Obligors thereunder. Without limiting the foregoing, each of the Originator and EDS will (i) upon the request of the Agent, execute and file such financing or continuation statements, or amendments thereto, and such other instruments and documents, that may be reasonably necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect evidence such Receivable Interests; and (ii) mxxx xxxx its master data processing records evidencing the Pool Receivables with a legend, reasonably legend or other notation acceptable to the Agent, evidencing that Receivable Interests therein have been sold. Each of the Originator and EDS authorizes the Seller, Seller or the Agent or EIS to file financing statements with respect to the Originator Initial Purchase Agreement and as permitted by the EDS Contribution UCC. Parent authorizes the Seller or the Agent to file financing statements with respect to the Secondary Purchase Agreement as permitted by the UCC.

Appears in 1 contract

Samples: Receivables Purchase Agreement (DST Systems Inc)

Further Actions Evidencing Purchases. Each of the Originator and EDS agrees from time to time, at its expense, to promptly execute and deliver all further instruments and documents, and to take all further actions, that may be necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect more fully evidence the Receivable Interests purchased hereunder, or to enable the Investors, the Banks or the Agent to exercise and enforce their respective rights and remedies hereunder; provided, however, that none of the Investors, the Banks and the Agent shall have any rights or remedies regarding the Contracts themselves, except with respect to the right to payment by the Obligors thereunder of the amounts owing to the Originator and/or EDS thereunder with respect to the merchandise sold or services provided to the Obligors thereunder. Without limiting the foregoing, each of the Originator and EDS will (i) upon the request of the Agent, execute and file such financing or continuation statements, or amendments thereto, and such other instruments and documents, that may be reasonably necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect evidence such Receivable Interests; and (ii) mxxx its master data processing records evidencing the Pool Receivables with a legend, reasonably legend or other notation acceptable to the Agent, evidencing that Receivable Interests therein have been sold. Each of the Originator and EDS authorizes the Seller, Seller or the Agent or EIS to file financing statements with respect to the Originator Initial Purchase Agreement and as permitted by the EDS Contribution UCC. Parent authorizes the Seller or the Agent to file financing statements with respect to the Secondary Purchase Agreement as permitted by the UCC.

Appears in 1 contract

Samples: Receivables Purchase Agreement (DST Systems Inc)

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Further Actions Evidencing Purchases. Each of the Originator and EDS agrees from time to time, at its expense, to promptly execute and deliver all further instruments and documents, and to take all further actions, that may be necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect more fully evidence the Receivable Interests purchased hereunder, or to enable the Investors, the Banks or the Agent to exercise and enforce their respective rights and remedies hereunder; provided, however, that none of the Investors, the Banks and the Agent shall have any rights or remedies regarding the Contracts themselves, except with respect to the right to payment by the Obligors thereunder of the amounts owing to the Originator and/or EDS thereunder with respect to the merchandise sold or services provided to the Obligors thereunder. Without limiting the foregoing, each of the Originator and EDS will (i) upon the request of the Agent, execute and file such financing or continuation statements, or amendments thereto, and such other instruments and documents, that may be reasonably necessarynecessary or desirable, or that the Agent may reasonably request, to perfect perfect, protect or protect evidence such Receivable Interests; and (ii) mxxx xxxx its master data processing records evidencing the Pool Receivables with a legend, reasonably legend or other notation acceptable to the Agent, evidencing that Receivable Interests therein have been sold. Each of the Originator and EDS authorizes the Seller, Seller or the Agent or EIS to file financing statements with respect to the Originator Initial Purchase Agreement and as permitted by the EDS Contribution UCC. Parent authorizes the Seller or the Agent to file financing statements with respect to the Secondary Purchase Agreement as permitted by the UCC.

Appears in 1 contract

Samples: Receivables Purchase Agreement (DST Systems Inc)

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