Common use of Receivables Purchase Agreements Clause in Contracts

Receivables Purchase Agreements. The Transferor will at its expense timely perform and comply with all provisions, covenants and other promises required to be observed by it under the Receivables Purchase Agreements, maintain the Receivables Purchase Agreements in full force and effect, enforce its rights under the Receivables Purchase Agreements substantially in accordance with the terms thereof and comply with its obligations under all contracts and invoices giving rise to Receivables. The Transferor shall, within one Business Day after a Responsible Officer obtains knowledge of the occurrence of any Termination Event or any event which, with the giving of notice or lapse of time or both, would constitute a Termination Event, notify the Trustee in writing of such occurrence. The Transferor shall promptly furnish to the Trustee copies of any notices, reports or certificates given or delivered to the Transferor under the Receivables Purchase Agreements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Muehlstein Holding Corp), Pooling and Servicing Agreement (Muehlstein Holding Corp)

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Receivables Purchase Agreements. The Transferor will at its expense timely perform and comply with all provisions, covenants and other promises required to be observed by it under the Receivables Purchase Agreements, maintain the Receivables Purchase Agreements in full force and effect, enforce its rights under the Receivables Purchase Agreements substantially in accordance with the terms thereof and comply with its obligations under all contracts and invoices giving rise to Receivables. The Transferor shall, within one Business Day after a Responsible Officer Official obtains knowledge of the occurrence of any Termination Event or any event which, with the giving of notice or lapse of time or both, would constitute a Termination Event, notify the Trustee in writing of such occurrence. The Transferor shall promptly furnish to the Trustee copies of any notices, reports or certificates given or delivered to the Transferor under the Receivables Purchase Agreements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Zenith Electronics Corp)

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Receivables Purchase Agreements. The Transferor will at its expense timely perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Receivables Purchase Agreements, maintain the Receivables Purchase Agreements in full force and effect, enforce its rights under the Receivables Purchase Agreements substantially in accordance with the terms thereof and comply with its obligations under all contracts Contracts and invoices giving rise to Receivables. The Transferor shall, within one Business Day after a Responsible Officer obtains knowledge of the occurrence of any Termination Event or any event which, with the giving of notice or lapse of time or both, would constitute a Termination Event, notify (either orally or in writing) the Trustee in writing of such occurrence. The Transferor shall promptly furnish to the Trustee copies of any notices, reports or certificates given or delivered to the Transferor under the Receivables Purchase Agreements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dell Computer Corp)

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