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 or chattel paper (each, as defined in the UCC) and, if any Receivable is so evidenced, it shall be reassigned or assigned to the Servicer as provided in this Section unless such instruments or chattel paper are delivered to the Trustee.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust)
Receivables Not To Be Evidenced by Promissory Notes. Except --------------------------------------------------- in connection with its enforcement or collection of a Receivablean Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument or chattel paper (each, as defined in the UCC) and, and if any Receivable is so evidenced, evidenced it shall be reassigned or assigned to the Servicer as provided in this Section unless such instruments or chattel paper are delivered to the TrusteeSection.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Household Credit Card Master Note Trust I), Transfer and Servicing Agreement (Household Credit Card Master Note Trust I)
Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivablean Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument, other than an instrument that, taken together with one or more other writings, constitutes chattel paper (each, as such terms are defined in the UCC) and, if any Receivable is so evidencedevidenced (whether or not in connection with the enforcement or collection of an Account), it shall be reassigned or assigned to the Servicer as provided in this Section unless such instruments or chattel paper are delivered to the Trustee3.3.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Target Corp), Pooling and Servicing Agreement (Target Receivables Corp)
Receivables Not To Be Evidenced by Promissory Notes. Except in --------------------------------------------------- connection with its enforcement or collection of a Receivablean Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument, other than an instrument that, taken together with one or more other writings, constitutes chattel paper (each, as such terms are defined in the UCC) and, and if any Receivable is so evidenced, evidenced it shall be reassigned or assigned to the Servicer as provided in this Section unless such instruments or chattel paper are delivered to the TrusteeSection.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)
Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of a Receivablean Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument, other than an instrument that, taken together with one or more other writings, constitutes chattel paper (each, as such terms are defined in the UCC) and, if any Receivable is so evidencedevidenced (whether or not in connection with the enforcement or collection of an Account), it shall be reassigned or assigned to the Servicer as provided in this Section unless such instruments or chattel paper are delivered to the TrusteeSection.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Neiman Marcus Group Inc)
