Common use of Protection of Right, Title and Interest in and to Receivables Clause in Contracts

Protection of Right, Title and Interest in and to Receivables. (a) The Seller, at its expense, shall cause all financing statements and continuation statements, amendments, assignments and any other necessary documents and notices, covering or evidencing the Purchaser’s right, title and interest in and to the Receivables and other First Step Transferred Property to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, and take such other action, all in such manner and in such places as may be required by law, fully to preserve and protect the right, title and interest of the Purchaser hereunder in and to all of the Receivables and such other First Step Transferred Property. The Seller shall deliver to the Purchaser file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Purchaser shall cooperate fully with the Seller in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection.

Protection of Right, Title and Interest in and to Receivables. (a) The SellerDepositor, at its expense, shall cause all financing statements and continuation statements, amendments, assignments and any other necessary documents and notices, covering or evidencing the PurchaserIssuing Entity’s right, title and interest in and to the Receivables and other First Second Step Transferred Property to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, and take such other action, all in such manner and in such places as may be required by law, fully to preserve and protect the right, title and interest of the Purchaser Issuing Entity hereunder in and to all of the Receivables and such other First Second Step Transferred Property. The Seller Depositor shall deliver to the Purchaser file-Issuing Entity file- stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Purchaser Issuing Entity shall cooperate fully with the Seller Depositor in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection.

Protection of Right, Title and Interest in and to Receivables. (a) The SellerDepositor, at its expense, shall cause all financing statements and continuation statements, amendments, assignments and any other necessary documents and notices, covering or evidencing the PurchaserIssuing Entity’s right, title and interest in and to the Receivables and other First Second Step Transferred Property to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, and take such other action, all in such manner and in such places as may be required by law, fully to preserve and protect the right, title and interest of the Purchaser Issuing Entity hereunder in and to all of the Receivables and such other First Second Step Transferred Property. The Seller Depositor shall deliver to the Purchaser Issuing Entity file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Purchaser Issuing Entity shall cooperate fully with the Seller Depositor in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection.