Common use of No Other Action Clause in Contracts

No Other Action. the Seller will not knowingly take any action which may prejudice the validity or recoverability of any Purchased Receivable or which may otherwise adversely affect the benefit which the Purchaser may derive from such Purchased Receivable pursuant to this Agreement;

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Meritor Inc), Receivables Purchase Agreement (Meritor Inc), Receivables Purchase Agreement (Arvinmeritor Inc)

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No Other Action. the such Seller will not knowingly take any action which may prejudice the validity or recoverability of any Purchased Receivable or which may otherwise adversely affect the benefit which the Purchaser may derive from such Purchased Receivable pursuant to this Agreement;

Appears in 2 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (Meritor Inc)

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No Other Action. the Seller will not knowingly take any action which may prejudice the validity or recoverability of any Purchased Receivable or which may otherwise adversely affect the benefit which the Purchaser may derive from such Purchased Receivable pursuant to this Agreement, except as permitted pursuant to the Operating Procedures;

Appears in 1 contract

Samples: Receivables Purchase Agreement (Arvinmeritor Inc)

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