Common use of Receivables Not To Be Evidenced by Promissory Notes Clause in Contracts

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicer, it shall be reassigned or assigned to the Servicer as provided in this Section; provided, however, that Receivables evidenced by notes taken from Obligors in the ordinary course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicerevidenced, it shall be reassigned or assigned to the Servicer as provided in this Section; providedPROVIDED, howeverHOWEVER, that Receivables evidenced by notes taken from Obligors in the ordinary course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicerevidenced, it shall be reassigned or assigned to the Servicer as provided in this Section; provided, however, that Receivables evidenced by notes taken from Obligors in the ordinary course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the The --------------------------------------------------- Servicer will take no action to cause or permit any Receivable to be evidenced by any instrument (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicer, it shall be deemed to be an Ineligible Receivable and shall be reassigned or assigned to the Servicer servicer as provided in this SectionSection 3.03; provided, however, that Receivables evidenced by notes taken from Obligors obligors in the ------- ordinary course of business of the Servicer's collection efforts shall not be deemed of Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the The Servicer will take no action to cause or permit any Receivable to be evidenced by any instrument or chattel paper (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicer, it shall be deemed to be an Ineligible Receivable and shall be reassigned or assigned to the Servicer as provided in this Section; providedPROVIDED, howeverHOWEVER, that Receivables evidenced by notes taken from Obligors in the ordinary course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the The Servicer will take no action to cause or permit any Receivable to be evidenced by any instrument or chattel paper (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicer, it shall be deemed to be an Ineligible Receivable and shall be reassigned or assigned to the Servicer as provided in this Section; provided, however, that Receivables evidenced by notes taken from Obligors in the ordinary course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivable, the The Servicer --------------------------------------------------- will take no action to cause or permit any Receivable to be evidenced by any instrument or chattel paper (as defined in the UCC) and, if any Receivable is so evidenced as a result of the actions of the Servicer, it shall be deemed to be an Ineligible Receivable and shall be reassigned or assigned to the Servicer as provided in this Section; provided, -------- however, that Receivables evidenced by notes taken from Obligors in the ordinary ------- course of business of the Servicer's collection efforts shall not be deemed Ineligible Receivables solely as a result thereof.