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 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.

Appears in 4 contracts

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

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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, interests of the Collections Buyer hereunder and the Related SecurityPurchaser Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon after the occurrence and during the continuation of an Amortization Event and during under the continuation thereofPurchase Agreement, 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.

Appears in 4 contracts

Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co), Receivables Sale Agreement (CMS Energy 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 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.

Appears in 3 contracts

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

Appears in 1 contract

Samples: Receivables Sale Agreement (Vitro Sa De Cv)

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 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 Event and during the continuation thereofcontinuance of a Termination Event, Buyer (or its assigns) may, at each 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Henry Schein Inc)

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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 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 following the occurrence of a Potential Amortization Event or an Amortization Event and during the continuation thereofEvent, 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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fisher Scientific International 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 reasonably desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the interests of the Buyer hereunder and the Purchaser Interests with respect to Receivables, under the Collections and the Related SecurityPurchase Agreement, 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 sole cost and expense, direct an Originator to notify the Obligors of Receivables originated by it, at such Originator's expense, 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Lennox International 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 and the Related Securityits assigns therein, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time upon following the occurrence earlier to occur of a Termination Event or an Amortization Event and during the continuation thereof, Event: 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Lafarge Corp)

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