Seller Covenants. The Seller hereby covenants that: (a) Receivables to be Accounts or General Intangibles. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account" or a "general intangible" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 3 contracts
Samples: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc), Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts or General Payment Intangibles. The Seller will take no action to cause any Receivable to be evidenced by any instrument or chattel paper (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account" account or a "general intangible" payment intangible (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 2 contracts
Samples: Bank Receivables Purchase Agreement (Metris Receivables Inc), Purchase Agreement (Metris Receivables Inc)
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts or General Intangibles. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account" or a "general intangible" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 2 contracts
Samples: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc)
Seller Covenants. The Seller hereby covenants that:
: (a) Receivables to be Accounts Accounts, General Intangibles or General IntangiblesChattel Paper. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account," or a "general intangible" or "chattel paper" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 2 contracts
Samples: Purchase Agreement (Metris Receivables Inc), Bank Receivables Purchase Agreement (Metris Receivables Inc)
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts or Accounts, General Intangibles, or Chattel Paper. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account," or a "general intangible," or "chattel paper" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts or General Intangibles. The Seller will take no action to cause any Receivable to be evidenced by any instrument "instrument" or to constitute "chattel paper" (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account" or a "general intangible" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 1 contract
Samples: Receivables Purchase Agreement (Metris Companies Inc)
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts Accounts, Chattel Paper or General Intangibles. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account", "chattel paper" or a "general intangible" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 1 contract
Seller Covenants. The Seller hereby covenants that:
(a) Receivables to be Accounts Accounts, General Intangibles or General IntangiblesChattel Paper. The Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC State), except in connection with the enforcement or collection of a Receivable. Except in such circumstances, the Seller will take no action to cause any Receivable to be anything other than an "account," or a "general intangible" or "chattel paper" (each as defined in the UCC as in effect in the Relevant UCC State).
Appears in 1 contract
