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 an Account (in which case any such promissory note would be made in the name of the Trust on behalf of the Certificateholders), the Servicer will take no action to cause any Receivable to be evidenced by an instrument (as defined in the UCC as in effect in the Relevant UCC State).

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/), Pooling and Servicing Agreement (Stage Stores Inc), Pooling and Servicing Agreement (Apparel Retailers Inc)

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Receivables Not To Be Evidenced by Promissory Notes. Except in connection connec tion with its enforcement or collection of an Account (in which case any such promissory note would be made in the name of the Trust on behalf of the CertificateholdersSecurityholders), the Servicer will take no action to cause any Receivable to be evidenced by an instrument (as defined in the UCC as in effect in the Relevant UCC State).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account a Receivable (in which case any such promissory note would be made in the name of the Trust on behalf of the CertificateholdersSecurityholders), the Servicer will take no action to cause any Receivable to be evidenced by an instrument (as defined in the UCC as in effect in the Relevant UCC State).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc)

Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account (in which case any such promissory note would be made in the name of the Trust on behalf of the CertificateholdersSecurityholders), the Servicer will take no action to cause any Receivable to be evidenced by an instrument (as defined in the UCC as in effect in the Relevant UCC State).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

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Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its enforcement or collection of an Account a Receivable (in which case any such promissory note would be made in the name of the Trust on behalf of the Certificateholders), the Servicer will take no action to cause any Receivable to be evidenced by an instrument (as defined in the UCC as in effect in the Relevant UCC State).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Companies Inc)

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