Common use of Originator Receivables Clause in Contracts

Originator Receivables. With respect to each Receivable acquired by the Seller from the Originator, the Seller will (i) acquire such Receivable pursuant to and in accordance with the terms of the Originator Sale Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Seller's ownership of such Receivable, including, without limitation, (A) filing and maintaining effective financing statements (Form UCC-1) against the Originator in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and (B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Receivables and other Purchased Assets related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Originator Receivables. With respect to each Receivable acquired by the Seller from the Originator, the Seller will (i) acquire such Receivable pursuant to and in accordance with the terms of the Originator Sale Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Seller's ownership of such Receivable, including, without limitation, (A) filing and maintaining effective financing statements (Form UCC-1) against the Originator in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and (B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Deal Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Receivables and other Purchased Assets Property related thereto.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Synthetic Industries Inc)

Originator Receivables. With respect to each Receivable acquired by the Seller Borrower from the Originatororiginator, the Seller Borrower will (i) acquire such Receivable pursuant to and in accordance with the terms of the Originator Sale Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the SellerBorrower's ownership of such Receivable, including, without limitation, (A) filing and maintaining effective financing statements (Form UCC-1) against the Originator originator in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and (B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Receivables and other Purchased Pledged Assets related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Originator Receivables. With respect to each Receivable acquired by the Seller from the an Originator, the Seller will (i) acquire such Receivable pursuant to and in accordance with the terms of the Originator Sale Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Seller's ownership of such Receivable, including, without limitation, (A) filing and maintaining effective financing statements (Form UCC-1) against the Originator Originators in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and (B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Deal Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Receivables and other Purchased Assets Property related thereto.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Superior National Insurance Group Inc)

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