Responsibilities of the Seller. Notwithstanding anything herein to the contrary (i) the Seller shall perform all of its obligations under the Credit and Collection Policies related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser hereunder, (ii) the exercise by the Purchaser of any of its rights hereunder shall not relieve the Seller from its obligations with respect to such Receivables and (iii) except as provided by law, the Purchaser shall not have any obligation or liability with respect to any Receivables or the underlying Contracts, nor shall the Purchaser be obligated to perform any of the obligations or duties of the Seller thereunder.
Appears in 26 contracts
Samples: Receivables Purchase Agreement (Conns Inc), Receivables Purchase Agreement (Conns Inc), Receivables Purchase Agreement (Conns Inc)
Responsibilities of the Seller. Notwithstanding anything Anything herein to the contrary notwithstanding:
(ia) the Seller shall perform all of its obligations under the Credit and Collection Policies Contracts related to the Purchased Receivables to the same extent as if such Purchased Receivables had not been transferred to the Purchaser hereunder, (ii) sold hereunder and the exercise by either Administrative Agent or the Managing Facility Agent or any Purchaser of any of its their rights hereunder shall not relieve the Seller from such obligations or its obligations with respect to such Receivables and Purchased Receivables; and
(iiib) except as provided by lawneither Administrative Agent, nor the Managing Facility Agent nor any Purchaser shall not have any obligation or liability with respect to any Purchased Receivables or the underlying Contractsrelated Contracts or Financed Aircraft, nor shall the Purchaser any of them be obligated to perform any of the obligations or duties of the Seller thereunder.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Raytheon Co/), Purchase and Sale Agreement (Raytheon Co/), Purchase and Sale Agreement (Raytheon Co/)
Responsibilities of the Seller. Notwithstanding anything herein to the contrary (i) the Seller shall perform all of its obligations under the Credit and Collection Policies related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser Receivables Trust hereunder, (ii) the exercise by the Purchaser or Receivables Trust of any of its rights hereunder shall not relieve the Seller from its obligations with respect to such Receivables and (iii) except as provided by law, the Purchaser and the Receivables Trust shall not have any obligation or liability with respect to any Receivables or the underlying Contracts, nor shall the Purchaser or Receivables Trust be obligated to perform any of the obligations or duties of the Seller thereunder.
Appears in 3 contracts
Samples: Omnibus Amendment (Conns Inc), Omnibus Amendment (Conns Inc), Receivables Purchase Agreement (Conns Inc)
Responsibilities of the Seller. Notwithstanding anything Anything herein to the contrary (i) notwithstanding, the Seller shall (a) perform all of its obligations under the Credit and Collection Policies Contracts related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser hereunder, (ii) sold hereunder and the exercise by the Purchaser of any of its rights hereunder shall not relieve the Seller from its obligations such obligations; and (b) pay when due any taxes, including without limitation, any sales taxes payable in connection with respect to such the Receivables and (iii) except as provided by law, the their creation and satisfaction. The Purchaser shall not have any obligation or liability with respect to under any Receivables Receivable, Related Security or the underlying Contractsrelated Contract, nor shall the Purchaser it be obligated to perform any of the obligations or duties of the Seller thereunder.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Wintrust Financial Corp)