Common use of Sales, Liens and Debt Clause in Contracts

Sales, Liens and Debt. Seller will not sell, assign or otherwise dispose of, or cause or create or suffer to exist any lien, encumbrance or security interest, as a result of any act or omission of Seller, upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any Collections of any Purchased Receivable are sent, or assign any right to receive income in respect thereof except the interests in favor of the Purchasers. (g)

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Constellium Se), Receivables Purchase Agreement (Constellium Se)

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Sales, Liens and Debt. Such Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or cause or create or suffer to exist any lien, encumbrance or security interest, as a result of any act or omission of Seller, interest upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any Collections collections of any Purchased Receivable are sent, or assign any right to receive income in respect thereof except the security interests in favor of the Purchasers. (g)Buyer.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Milacron Holdings Corp.)

Sales, Liens and Debt. Such Seller will shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or cause or create or suffer to exist any lien, encumbrance charge, encumbrance, adverse claim or security interest, as a result of any act or omission of Seller, interest upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any Collections of any Purchased Receivable Receivables are sentsent (including the Collection Accounts), or assign any right to receive income in respect thereof thereof, except the interests in favor of the Purchasers. (g)Purchaser granted under the Transaction Documents.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (ChampionX Corp)

Sales, Liens and Debt. Seller will not sell, assign or otherwise dispose of, or cause or create or suffer to exist any lien, encumbrance or security interest, as a result of any act or omission of Seller, upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any Collections of any Purchased Receivable are sent, or assign any right to receive income in respect thereof except the interests in favor of the Purchasers. (g).

Appears in 1 contract

Samples: 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 cause or create or suffer to exist any lienLien, encumbrance or security interest, as a result of any act or omission of Seller, interest upon or with respect to, the Purchased Receivables Receivable or upon or with respect to the Sweep Account or any other deposit or other account to which any Collections of any the Purchased Receivable are sent, or assign any right to receive income in respect thereof except the interests in favor of the Purchasers. (g)Purchaser.

Appears in 1 contract

Samples: Receivable Purchase Agreement (Rite Aid Corp)

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Sales, Liens and Debt. No Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or cause or create or suffer to exist any lien, encumbrance or security interest, as a result of any act or omission of Seller, interest upon or with respect to, the Purchased Receivables (other than Credit Facility Liens, which shall be released contemporaneously upon the purchase of each Purchased Receivable by Purchaser) or upon or with respect to any deposit or the Collection Account (other account to which any Collections of any Purchased Receivable are sentthan customary bankers’ liens), or assign any right to receive income in respect thereof except the interests in favor of the Purchasers. (g)Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wolverine World Wide Inc /De/)

Sales, Liens and Debt. No Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or cause or create or suffer to exist any lien, charge, encumbrance or security interest, as a result of any act or omission of Seller, interest upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any Collections of any Purchased Receivable are sent, or assign any right to receive income in respect thereof except the interests in favor of the Purchasers. (g)Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifetime Brands, Inc)

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