Common use of Preservation of Security Interest Clause in Contracts

Preservation of Security Interest. The Servicer shall (and shall cause the Seller to) take any and all action as the Administrator may require to preserve and maintain the perfection and priority of the ownership or security interest of the Administrator in the Pool Assets pursuant to this Agreement.

Appears in 9 contracts

Samples: Receivables Purchase Agreement (Peabody Energy Corp), Receivables Purchase Agreement (Peabody Energy Corp), Receivables Purchase Agreement (Peabody Energy Corp)

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Preservation of Security Interest. The Servicer shall (and shall cause the Seller to) take any and all action as the Administrator may require to preserve and maintain the perfection and priority of the ownership or security interest of the Administrator in the Pool Assets pursuant to this Agreement.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Kansas City Power & Light Co), Receivables Purchase Agreement (Consol Energy Inc), Receivables Purchase Agreement (Consol Energy Inc)

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Preservation of Security Interest. The Servicer shall (and shall cause the Seller to) take any and all action as the Administrator may require to preserve and maintain the perfection and priority of the ownership or security interest of the Administrator Issuer in the Pool Assets pursuant to this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Peabody Energy Corp)

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