Common use of Performance and Enforcement of First Tier Sale Agreement Clause in Contracts

Performance and Enforcement of First Tier Sale Agreement. It will perform its obligations and undertakings under and pursuant to the First Tier Sale Agreement, will purchase Receivables thereunder in compliance with the terms thereof and will, to the extent necessary in its reasonable business judgment, enforce the rights and remedies accorded to it under the First Tier Sale Agreement, provided, that after the Termination Date or the occurrence and during the continuation of a Termination Event, it shall enforce its rights and remedies under the First Tier Sale Agreement at the direction of Buyer (or its assigns). It will take all actions to perfect and enforce its rights and interests (and the rights and interests of its assigns) under the First Tier Sale Agreement as Buyer (or its assigns) may from time to time reasonably request, including making claims to which it may be entitled under any indemnity, reimbursement or similar provision contained in First Tier Sale Agreement.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Colorado Interstate Gas Co), Receivables Sale Agreement (Southern Natural Gas Co), Receivables Sale Agreement (Tennessee Gas Pipeline Co)

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