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

Protection of Ownership Interests of Buyer. (a) Each Transferor 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 request, to perfect, protect or more fully evidence the interest of Buyer hereunder and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security Agreement, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such Transferor’s sole cost and expense, direct such Transferor 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 5 contracts

Samples: Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (Rock-Tenn CO)

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Protection of Ownership Interests of Buyer. (a) Each Transferor 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 interest of Buyer hereunder and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security AgreementReceivable Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or or, subject to the limitations set forth in the Purchase Agreement, its assigns) may, at such Transferor’s Originator's sole cost and expense, direct such Transferor 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 2 contracts

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

Protection of Ownership Interests of Buyer. (a) Each Transferor 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 request, to perfect, protect or more fully evidence the interest interests of Buyer hereunder in the Receivables, the Related Security, the Collections, the Lock-Boxes and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security AgreementCollection Accounts, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such Transferor’s Originator's sole cost and expense, direct such Transferor 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 (Timken Co)

Protection of Ownership Interests of Buyer. (a) Each Transferor 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 request, to perfect, protect or more fully evidence the interest of Buyer hereunder and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security Agreement, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such Transferor’s 's sole cost and expense, direct such Transferor 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 (Rock-Tenn CO)

Protection of Ownership Interests of Buyer. (a) Each Transferor 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 request, to perfect, protect or more fully evidence the interest interests of Buyer hereunder in the Transferred Receivables, the Related Security, the Collections, the Lockbox and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security AgreementLockbox Account, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such Transferor’s sole cost and expense, direct such Transferor to notify the Obligors of Transferred 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 Transferred Receivables be made directly to Buyer or its designee.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Gehl Co)

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Protection of Ownership Interests of Buyer. (a) Each Transferor 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 assignsBuyer's Assigns) may reasonably request, to perfect, protect or more fully evidence the interest of Buyer hereunder and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security AgreementReceivables, or to enable Buyer (or its assignsBuyer's Assigns) to exercise and enforce their rights and remedies hereunder. At any timetime after the occurrence or during the continuation of an Amortization Event, Buyer (or its assignsBuyer's Assigns) may, at such Transferor’s Seller's sole cost and expense, direct such Transferor 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Trendwest Resorts Inc)

Protection of Ownership Interests of Buyer. (a) Each Transferor 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 request, to perfect, protect or more fully evidence the interest interests of Buyer hereunder in the Qualified Receivables, the Related Security, the Collections, the Lockbox and the interest of the Administrative Agent (on behalf of the Lenders) under the Credit and Security AgreementLockbox Account, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such TransferorOriginator’s sole cost and expense, direct such Transferor Originator to notify the Obligors of Qualified 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 Qualified Receivables be made directly to Buyer or its designee.

Appears in 1 contract

Samples: Receivables Sale Agreement (Gehl Co)

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