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

Protection of Ownership Interest of the Company. (a) Each ----------------------------------------------- of the Transferor and the Collection Agent agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Agent may reasonably request in order to perfect or protect the Transferred Interest or to enable the Agent to exercise or enforce any of its rights hereunder. Without limiting the foregoing, each of the Transferor and CompuCom will, upon the request of the Agent, in order to accurately reflect this purchase and sale transaction, (1) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant to Section 10.6 hereof) as may be requested by the Company, the Agent or any of the Bank Investors and (2) xxxx its master data processing records and other documents with a legend describing the purchase hereunder of the Transferred Interest. The Transferor shall, upon request of the Agent, obtain such additional search reports as the Agent shall request. To the fullest extent permitted by applicable law, the Agent shall be permitted to sign and file continuation statements and amendments thereto and assignments thereof without the Transferor's signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. Neither the Transferor nor CompuCom shall change its name, identity or corporate structure (within the meaning of Section 9-402(7) of the UCC as in effect in the States of New York and Texas) or relocate its chief executive office or any office where Records are kept unless it shall have: (i) given the Agent at least thirty (30) days prior notice thereof and (ii) prepared at Transferor's expense and delivered to the Agent all financing statements, instruments and other documents necessary to preserve and protect the Transferred Interest or requested by the Agent in connection with such change or relocation. Any filings under the UCC or otherwise that are occasioned by such change in name or location shall be made at the expense of Transferor.

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Compucom Systems Inc), Transfer and Administration Agreement (Safeguard Scientifics Inc Et Al)

AutoNDA by SimpleDocs

Protection of Ownership Interest of the Company. (a) Each ----------------------------------------------- of the The Transferor and the Collection Agent agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Agent Company may reasonably request in order to perfect or protect the Transferred Interest or as are necessary to enable the Agent Company to exercise or enforce any of its rights hereunder. Without limiting the foregoing, each of the Transferor and CompuCom will, upon the request of the AgentCompany, in order to accurately reflect this purchase and sale transaction, (1) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant to Section 10.6 9.6 hereof) as may be requested by the Company, the Agent or any of the Bank Investors Company and (2) xxxx mark its master data processing records and other documents with a legend xxxxnd describing the purchase hereunder by the Company of the Transferred Interest. The Transferor shall, upon request of the AgentCompany, obtain such additional search reports as the Agent Company shall request. To the fullest extent permitted by applicable law, the Agent Company shall be permitted to sign and file continuation statements and amendments thereto and assignments thereof without the Transferor's signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. Neither the The Transferor nor CompuCom shall neither change its name, identity or corporate structure (within the meaning of Section 9-402(7) of the UCC as in effect in the States of New York and TexasIllinois) or nor relocate its chief executive office or any office where Records are kept unless it shall have: (i) given the Agent Company at least thirty (30) days prior notice thereof and (ii) prepared at Transferor's expense and delivered to the Agent Company all financing statements, instruments and other documents necessary to preserve and protect the Transferred Interest or requested by the Agent Company in connection with such change or relocation. Any filings under the UCC or otherwise that are occasioned by such change in name or location shall be made at the expense of Transferor.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

Protection of Ownership Interest of the Company. (a) Each ----------------------------------------------- of the The Transferor and the Collection Agent agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Agent Company may reasonably request in order to perfect or protect the Transferred Interest or as are necessary to enable the Agent Company to exercise or enforce any of its rights hereunder. Without limiting the foregoing, each of the Transferor and CompuCom will, upon the request of the AgentCompany, in order to accurately reflect this purchase and sale transaction, (1) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant to Section 10.6 9.6 hereof) as may be requested by the Company, the Agent or any of the Bank Investors Company and (2) xxxx mark its master data processing records and other documents with documentx xxth a legend describing the purchase hereunder by the Company of the Transferred Interest. The Transferor shall, upon request of the AgentCompany, obtain such additional search reports as the Agent Company shall request. To the fullest extent permitted by applicable law, the Agent Company shall be permitted to sign and file continuation statements and amendments thereto and assignments thereof without the Transferor's signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. Neither the The Transferor nor CompuCom shall neither change its name, identity or corporate structure (within the meaning of Section 9-402(7) of the UCC as in effect in the States of New York and TexasIllinois) or nor relocate its chief executive office or any office where Records are kept unless it shall have: (i) given the Agent Company at least thirty (30) days prior notice thereof and (ii) prepared at Transferor's expense and delivered to the Agent Company all financing statements, instruments and other documents necessary to preserve and protect the Transferred Interest or requested by the Agent Company in connection with such change or relocation. Any filings under the UCC or otherwise that are occasioned by such change in name or location shall be made at the expense of Transferor.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

AutoNDA by SimpleDocs

Protection of Ownership Interest of the Company. (a) Each ----------------------------------------------- of the Transferor and the Collection Agent agrees that from time to timeThe Originator will, at its expense, it will promptly execute and deliver all instruments and documents and take all actions as may be action necessary or as that the Agent Company may reasonably request in order to perfect or protect the Transferred Interest Company's ownership of the Purchased Receivables and their Collections or to enable the Agent Company to exercise or and enforce any of its rights hereunder. Without limiting the foregoing, each of the Transferor and CompuCom will, upon At the request of the AgentCompany, in order to accurately reflect this purchase and sale transaction, (1) the Originator shall also execute and file such financing or statements, amendments thereto, and continuation statements or amendments thereto or assignments thereof and deliver to the Company or its designee all contracts and Records (as permitted pursuant including all multiple originals of any such contract) relating to Section 10.6 hereof) as may be the Purchased Receivables, with any appropriate endorsement or assignment requested by the Company, the Agent or any of the Bank Investors and (2) xxxx its master data processing records and other documents with a legend describing the purchase hereunder of the Transferred Interest. The Transferor shall, upon request of the Agent, obtain such additional search reports as the Agent shall request. To the fullest extent permitted by applicable law, the Agent Company shall be permitted to sign and file continuation statements relating to the Purchased Receivables and their Collections and amendments thereto and assignments thereof without the TransferorOriginator's signature. Carbon, photographic or other A reproduction of this Agreement or of any financing statement shall be sufficient as a financing statement. Neither the Transferor nor CompuCom The Originator shall not change its name, identity or corporate structure (within the meaning of Section 9-402(7) of the UCC as in effect in the States of New York and Texasany applicable UCC) or relocate its chief executive office or any office or location where Records are kept unless it shall have: (i) given the Company and the Agent at least thirty (30) days prior 20 days' advance notice thereof and (ii) prepared at Transferor's expense and delivered to the Company and the Agent all financing statements, instruments and other documents necessary to preserve and protect the Transferred Interest or requested by the Company or the Agent in connection with such change or relocation. Any filings under The Originator shall at all times maintain its chief executive offices within a jurisdiction in the USA (other than the states of Florida, Maryland and Tennessee) in which Article 9 of the UCC is in effect. If the Originator moves its chief executive office to a location that imposes Taxes, fees or otherwise that are occasioned by other charges to perfect the interests of the Company in the Purchased Receivables, the Originator shall pay all such change in name amounts and any other costs or location shall be made at expenses incurred to maintain the expense enforceability of Transferorthis Agreement and the ownership of the Company of the Purchased Receivables.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ipalco Enterprises Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.