Common use of Ownership Interest Clause in Contracts

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of the Groups hereunder as any Agent may reasonably request.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp)

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Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 4 contracts

Samples: Receivable Interest Purchase Agreement (Federal Mogul Corp), Receivables Purchase Agreement (JPF Acquisition Corp), Receivables Purchase Agreement (Yellow Corp)

Ownership Interest. The Seller shall take all necessary action ------------------ to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of Agents and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc), Receivables Purchase Agreement (Bon Ton Stores Inc)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of or any Managing Agent and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc), Receivables Purchase Agreement (Bon Ton Stores Inc)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership or security interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents and Administrative Agent for the benefit of the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Agents and the Purchasers hereunder as the Administrative Agent on behalf of or the Groups hereunder as any Co-Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Eastman Chemical Co)

Ownership Interest. The Seller shall take all necessary ------------------ action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Administrative Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Receivable Interest Purchase Agreement (Federal Mogul Corp)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of the Groups hereunder as any Agent may reasonably request.to

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yellow Corp)

Ownership Interest. The Seller shall take all necessary action to establish and ------------------ maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kohls Corporation)

Ownership Interest. The Seller shall take all necessary action ------------------ to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kohls Corporation)

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Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership or security interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents and Administrative Agent for the benefit of the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of Agent, Co-Agents and the Groups Purchasers hereunder as any the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Eastman Chemical Co)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and Receivables, the Related Security Security, the Hohe Discount and Collections with respect theretoto any of the foregoing, to the full extent contemplated herein, in favor of the Agents Administrative Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Administrative Agent may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Donnelly Corp)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables Purchased Assets and security interest in the Related Security and Collections with respect theretoPledged Property, to the full extent contemplated herein, in favor of the Agents Agent for the benefit of the Purchaser and the PurchasersSurety Provider, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchaser hereunder as any Agent the Surety Provider may reasonably request.

Appears in 1 contract

Samples: Originators Receivables Sale Agreement (Wabash National Corp /De)

Ownership Interest. The Seller shall take all necessary action to establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor favour of the Agents and the PurchasersPurchaser, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of the Groups Purchaser hereunder as any Agent the Purchaser may reasonably request.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wintrust Financial Corp)

Ownership Interest. The Seller shall take all necessary action to ------------------ establish and maintain a valid and perfected first priority undivided percentage ownership interest in the Receivables and the Related Security and Collections with respect thereto, to the full extent contemplated herein, in favor of the Agents Agent and the Purchasers, including, without limitation, taking such action to perfect, protect or more fully evidence the interest of the Administrative Agent on behalf of and the Groups Purchasers hereunder as any the Agent may reasonably request.

Appears in 1 contract

Samples: Interest Purchase Agreement (Federal Mogul Corp)

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