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

Protection of Right, Title and Interest of Trust. (a) The Servicer shall cause this Agreement, any Supplement, all amendments hereto or thereto and/or all financing statements and continuation statements and any other necessary documents covering the Certificateholders and the Trustee's right, title and interest to the Trust Assets to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, 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 Trustee hereunder to all property comprising the Trust Assets. The Servicer shall deliver to the Trustee 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 Transferor shall cooperate fully with the Servicer in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this Section ------- 13.02(a). In the event that the Servicer fails to file such financing or -------- continuation statements, then the Trustee shall have the right, but not the obligation, to file the same on behalf of the Transferor.

Appears in 3 contracts

Samples: Servicing Agreement (Safeguard Scientifics Inc Et Al), Servicing Agreement (Compucom Systems Inc), Pooling and Servicing Agreement (Compucom Systems Inc)

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Protection of Right, Title and Interest of Trust. (a) The Servicer shall cause this Agreement, any Supplement, all amendments hereto or thereto and/or all financing statements and continuation statements and any other necessary documents covering the Certificateholders and the Trustee's right, title and interest to the Trust Assets to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, 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 Trustee hereunder to all property comprising the Trust Assets. The Servicer shall deliver to the Trustee 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 Transferor shall cooperate fully with the Servicer in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this Section ------- 13.02(a). In the event that the Servicer fails to file such financing or -------- continuation statements, then the Trustee shall have the right, but not the obligation, to file the same on behalf of the Transferor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ingram Micro Inc)

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