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 that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections and the Related Security, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon the occurrence of an Amortization Event and during the continuation thereof, 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’) reasonable out-of-pocket costs and expenses incurred in connection therewith shall be payable by Originator as provided in Section 6.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Buyer's interests in the Receivables, the Related Security and Collections and the Related SecurityPurchaser Interests, or to enable Buyer (or and its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon After the occurrence of an Amortization Event and during the continuation thereofa Termination Event, 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 (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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityReceivable Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon the occurrence of an Amortization Event and during the continuation thereoftime, Buyer (or or, subject to the limitations set forth in the Purchase Agreement, 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 obligationobligations, 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 2 contracts
Samples: Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (Adc Telecommunications 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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityReceivable, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon the occurrence of an Amortization when a Termination Event has occurred and during the continuation thereofis continuing, Buyer (or its assigns) may, at such Originator’s '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 's (or such assigns’') reasonable out-of-pocket costs and expenses incurred in connection therewith shall be payable by such Originator as provided in Section SECTION 6.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityPurchaser Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. 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 upon after the occurrence of an Amortization Event and during the continuation thereofof a Termination Event, 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 obligationobligations, 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.
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Samples: Receivables Sale Agreement (Puget Sound Energy 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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityReceivable Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon After the occurrence of an Amortization a Termination Event and during the continuation thereofor Unmatured Termination Event, 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 obligationobligations, 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.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections and the Related SecurityInterests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon after the occurrence of an Amortization Event and during under the continuation thereofPurchase Agreement, Buyer (or its assigns) may, at the applicable Originator’s '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 's (or such assigns’') reasonable out-of-pocket costs and expenses incurred in connection therewith shall be payable by the applicable Originator as provided in Section 67.
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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 necessarynecessary 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 Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityPurchaser Interests, or to enable Buyer (or its assignsor, following the occurrence and during 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. At any time upon the occurrence of an Amortization Event and during the continuation thereoftime, Buyer (or its assigns) may, at the applicable Originator’s '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’) reasonable out-of-pocket 's costs and expenses incurred in connection therewith shall be payable by such Originator as provided in Section SECTION 6.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityReceivable, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon the occurrence of an Amortization when a Termination Event has occurred and during the continuation thereofis continuing, Buyer (or its assigns) may, at Originator’s Seller'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 's (or such assigns’') reasonable out-of-pocket costs and expenses incurred in connection therewith shall be payable by Originator Seller as provided in Section SECTION 6.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may May reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections and the Related SecurityInterests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon after the occurrence or during the continuation of an Amortization Event and during the continuation thereofEvent, 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 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 '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.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityPurchaser Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. Without limiting the foregoing, Originator will, upon the request of the Buyer, 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 the Buyer may reasonably request, to perfect, protect or evidence such Purchase Interests. At any time upon following the occurrence of an Amortization Event and during under the continuation thereofPurchase Agreement, 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 obligationobligations, 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.
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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 necessarynecessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests with respect to Receivables, the Collections interest of Buyer hereunder and the Related SecurityReceivable Interest and the Contributed Interest, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon the occurrence of an Amortization Event and during the continuation thereoftime, Buyer (or its assigns) may, at Originator’s '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 '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.
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Samples: Receivable Interest Sale Agreement (Ferrellgas Partners Finance Corp)