Common use of Protection of Ownership Interest of the Company Clause in Contracts

Protection of Ownership Interest of the Company. The Originator will, at its expense, promptly execute and deliver all instruments and documents and take all action necessary or that the Company may reasonably request to protect the Company's ownership of the Purchased Receivables and Collections thereon or to enable the Company to exercise and enforce any of its rights hereunder. Without limiting the generality of the foregoing, the Originator will, on or before the date hereof (and promptly upon any changes or additions at any time), mark xxx books and records relating to the Purchased Receivables in a manner that clearly and conspicuously identifies the Company's ownership of such Purchased Receivables (and the Company's transfer to the Agent, for the benefit of the Lenders, of security interests therein) and, upon the Company's request, will so mark xxxh contract evidencing a Purchased Receivable. At the request of the Company, the Originator shall also execute and file financing statements, amendments thereto, and continuation or assignments thereof and deliver to the Company or its designee all contracts and Records (including all multiple originals of any such contract) relating to the Purchased Receivables, with any appropriate endorsement or assignment requested by the Company. In addition to the rights set forth in this Section 1.5, the Company shall be entitled to the rights of a "Recipient" under Section 1.7 hereof.

Appears in 9 contracts

Samples: Receivables Purchase Agreement (Eagle Picher Technologies LLC), Receivables Purchase Agreement (Eagle Picher Technologies LLC), Receivables Purchase Agreement (Eagle Picher Technologies LLC)

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