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

Protection of Right, Title and Interest to Receivables. (a) TFC shall cause this Agreement, all amendments hereto and/or all financing statements and continuation statements and any other necessary documents covering TRC III’s right, title and interest to the Receivables and Financed Assets (other than the Lien held by TRC III subject to Article VIII hereof) relating thereto 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 TRC III hereunder. TFC shall deliver to TRC III 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. TRC III shall cooperate fully with TFC in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this Section 7.2(a). (b) Within 30 days after TFC makes any change in its name, jurisdiction, form of organization or corporate structure, TFC shall give TRC III and any Agent notice of any such change and shall file such financing statements or amendments as may be necessary to continue the perfection of TRC III’s security interest in the Receivables and the proceeds thereof (c) TFC will give TRC III prompt written notice of any relocation of any office at which it keeps records concerning the Receivables. TFC will at all times maintain its principal executive office within the United States of America.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Textron Financial Corp)

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