Common use of Sales, Liens and Debt Clause in Contracts

Sales, Liens and Debt. Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, the Pool Assets or any other Seller Assets or upon or with respect to any account or lockbox to which Collections are required to be sent, or assign any right to receive income in respect thereof, in each case, except the dispositions to the Administrative Agent contemplated hereunder and the Adverse Claims in favor of the Administrative Agent created hereunder.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc), Receivables Purchase Agreement (CHS Inc)

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Sales, Liens and Debt. Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or cause or create or suffer to exist any Adverse Claim lien, encumbrance or security interest, as a result of any act or omission of Seller, upon or with respect to, the Pool Assets or any other Seller Assets Purchased Receivables or upon or with respect to any deposit or other account or lockbox to which any Collections of any Purchased Receivable are required to be sent, or assign any right to receive income in respect thereof, in each case, thereof except the dispositions to the Administrative Agent contemplated hereunder and the Adverse Claims interests in favor of the Administrative Agent created hereunderPurchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Constellium N.V.), Receivables Purchase Agreement (Constellium N.V.)

Sales, Liens and Debt. Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim lien, encumbrance or security interest upon or with respect to, the Pool Assets or any other Seller Assets Receivables or upon or with respect to any account or lockbox to which Collections any collections of any Receivable are required to be sent, or assign any right to receive income in respect thereof, in each case, thereof except the dispositions to the Administrative Agent contemplated hereunder and the Adverse Claims security interests in favor of the Administrative Agent created hereunderBuyer.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Utstarcom Inc), Committed Receivables Purchase Agreement (Utstarcom Inc)

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Sales, Liens and Debt. Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, the Pool Assets or any other Seller Assets Collateral or upon or with respect to any account or lockbox to which Collections are required to be sent, or assign any right to receive income in respect thereof, in each case, except the dispositions to the Administrative Agent contemplated hereunder and the Adverse Claims in favor of the Administrative Agent created hereunder.

Appears in 1 contract

Samples: Receivables Financing Agreement (CHS Inc)

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