Receivables Not To Be Evidenced by Instruments. It will take no action to cause any Receivable that is not, as of the Closing Date or the related Settlement Date, as the case may be, evidenced by an “instrument” (as defined in Article 9 of the UCC), other than an instrument that constitutes part of chattel paper, to be so evidenced except in connection with the enforcement or collection of such Receivable.
Appears in 5 contracts
Samples: Master Purchase and Sale Agreement (Carvana Co.), Master Transfer Agreement (Carvana Co.), Master Transfer Agreement (Carvana Co.)
Receivables Not To Be Evidenced by Instruments. It will take no action to cause any Receivable that is not, as of the Closing Date or the related Settlement Addition Date, as the case may be, evidenced by an “instrument” (as defined in Article 9 of the UCC), other than an instrument that constitutes part of chattel paper, to be so evidenced except in connection with the enforcement or collection of such Receivable.
Appears in 2 contracts
Samples: Loan and Security Agreement (Carvana Co.), Loan and Security Agreement (Carvana Co.)
