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

Receivables Not To Be Evidenced by Promissory Notes. Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC).

Appears in 18 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1)

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