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Common use of Protection of Ownership Interests of Buyer Clause in Contracts

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections and the Purchaser Interests, or to enable Buyer (and its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of a Termination Event, Buyer (or its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Pennsylvania Power Co), Receivables Sale Agreement (Pennsylvania Electric Co), Receivables Sale Agreement (Pennsylvania Electric Co)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirablenecessary, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Purchaser Interests with respect to Receivables, Related Security and the Collections and the Purchaser InterestsRelated Security, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After At any time upon the occurrence of a Termination Eventan Amortization Event and during the continuation thereof, Buyer (or its assigns) may, at Originator's ’s sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's ’s (or such assigns') reasonable out-of-pocket costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Johnson Polymer Inc), Receivables Sale Agreement (Johnson Polymer Inc), Receivables Sale Agreement (Johnson Polymer Inc)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser Receivable Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of a Termination EventAt any time, Buyer (or or, subject to the limitations set forth in the Purchase Agreement, its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (Adc Telecommunications Inc)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser InterestsReceivable Interest and the Contributed Interest, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of a Termination EventAt any time, Buyer (or its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Pool Receivables of the ownership interests of Buyer under this Agreement and may also also, at any time after the occurrence and continuation of a Termination Event, direct that payments of all amounts due or that become due under any or all Pool Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 1 contract

Samples: Receivable Interest Sale Agreement (Ferrellgas Partners Finance Corp)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser Receivable Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of a Termination Event or Unmatured Termination Event, Buyer (or its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (Vitro Sa De Cv)

Protection of Ownership Interests of Buyer. (a) Originator Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser InterestsReceivable, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of At any time when a Termination EventEvent has occurred and is continuing, Buyer (or its assigns) may, at OriginatorSeller's sole cost and expense, direct Originator Seller to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator Seller fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') reasonable costs and expenses incurred in connection therewith shall be payable by Originator Seller as provided in Section SECTION 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (Equifax Inc)

Protection of Ownership Interests of Buyer. (a) Each Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections and the Purchaser Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After At any time after the occurrence of a Termination Eventan Amortization Event under the Purchase Agreement, Buyer (or its assigns) may, at the applicable Originator's sole cost and expense, direct such Originator to notify the Obligors of Receivables originated by such Originator of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. Such Originator shall, at the request of Buyer (or its assigns) withhold the identity of Buyer in any such notification. (b) If any Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by the applicable Originator as provided in Section 67.

Appears in 1 contract

Samples: Receivables Sale Agreement (Jabil Circuit Inc)

Protection of Ownership Interests of Buyer. (a) Each Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections and the Purchaser Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of a Termination EventAt any time, Buyer (or its assigns) may, at the applicable Originator's sole cost and expense, direct such Originator to notify the Obligors of Receivables originated by such Originator of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. Such Originator shall, at the request of Buyer (or its assigns) withhold the identity of Buyer in any such notification. (b) If either Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by the applicable Originator as provided in Section 67.

Appears in 1 contract

Samples: Receivables Sale Agreement (Jabil Circuit Inc)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may May be necessary or desirable, or that Buyer (or its assigns) may May reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections and the Purchaser Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After At any time after the occurrence or during the continuation of a Termination an Amortization Event, Buyer (or its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may May also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator or Custodian fails to perform any of its obligations hereunderhereunder or under any other Transaction Document, Buyer (or its assigns) may May (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (Trendwest Resorts Inc)

Protection of Ownership Interests of Buyer. (a) Each Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser InterestsReceivable, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After the occurrence of At any time when a Termination EventEvent has occurred and is continuing, Buyer (or its assigns) may, at such Originator's sole cost and expense, direct such Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If any Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') reasonable costs and expenses incurred in connection therewith shall be payable by such Originator as provided in Section SECTION 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (Equifax Inc)

Protection of Ownership Interests of Buyer. (a) Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser Interests, or to enable Buyer (and or its assigns) to exercise and enforce their rights and remedies hereunder. After Without limiting the foregoing, Originator will, upon the request of Buyer (or its assigns), file such financing or continuation statements, or amendments thereto or assignments thereof, and execute and file such other instruments and documents, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or evidence such interests. At any time after the occurrence and during the continuation of a Termination Event, Buyer (or its assigns) may, at Originator's sole cost and expense, direct Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligationobligations, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (Puget Sound Energy Inc)

Protection of Ownership Interests of Buyer. (a) Each Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assignsthe Administrative Agent, as Buyer's collateral assignee) may reasonably request, to perfect, protect or more fully evidence the Buyer's interests in the Receivables, Related Security and Collections interest of Buyer hereunder and the Purchaser Interests, or to enable Buyer (or, following the occurrence and its assignsduring the continuance of an Amortization Event, the Administrative Agent, as Buyer's collateral assignee) to exercise and enforce their its (or their) rights and remedies hereunder. After the occurrence of a Termination EventAt any time, Buyer (or its assigns) may, at the applicable Originator's sole cost and expense, direct such Originator to notify the Obligors of Receivables originated or serviced by it of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee. (b) If any Originator fails to perform any of its obligations hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligation, and Buyer's (or such assigns') costs and expenses incurred in connection therewith shall be payable by such Originator as provided in Section SECTION 6.

Appears in 1 contract

Samples: Receivables Sale Agreement (RPM Inc/Oh/)