Rights of the Agent. (a) After the occurrence of an Event of Investment Ineligibility, the Agent is hereby authorized at any time to instruct the Obligors of Pool Receivables, or any of them, to make payment of all amounts payable under any Pool Receivable to a Designated Account or the Seller shall, promptly at the Agent's request, send notices to the Obligors of Pool Receivables, or any of them, instructing them to make payment in the manner requested by the Agent. Further, the Agent may notify at any time and at the Seller's expense the Obligors of Pool Receivables, or any of them, of the ownership of Eligible Assets by the Owner.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Detroit Edison Co), Purchase and Sale Agreement (Detroit Edison Securitization Funding LLC), Purchase and Sale Agreement (Detroit Edison Securitization Funding LLC)
