Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account, 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 Servicer's action it shall be reassigned or assigned to the Servicer as provided in this Section.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp)
Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account, the Servicer will shall 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 Servicer's action it shall be reassigned or assigned to the Servicer as provided in this Section.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Advanta Business Recievables Corp), Transfer and Servicing Agreement (Advanta Business Recievables Corp)
Receivables Not To Be Evidenced by Promissory Notes. [Except in connection with its enforcement or collection of an Account, 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 Servicer's action it shall be reassigned or assigned to the Servicer as provided in this Section.]
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Conseco Finance Credit Funding Corp)
Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCCUCC as in effect in the State of Delaware) and if any Receivable is so evidenced as a result of the Servicer's action it shall be reassigned or assigned to the Servicer as provided in this Section.. 51
Appears in 1 contract
Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust)
Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and and, if any Receivable is so evidenced as a result (whether or not in connection with the enforcement or collection of the Servicer's action an Account), it shall be reassigned or assigned to the Servicer as provided in this Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (National City Credit Card Master Trust)
