Common use of The Company’s Rights Clause in Contracts

The Company’s Rights. (a) The Company (or its successors or assigns) shall retain, and use for its own benefit, the Collections thereon and other proceeds of all Purchased Receivables, and, other than the Originator's Security Interest, the Originator shall not have any interest of any kind in or to any such Collections thereon or other proceeds. (b) Subject to Section 1.6 (b), the Company shall have no obligation to account for, to replace, or to return all or any portion of the Purchased Receivables to the Originator, without regard to whether the Collections thereon and other proceeds derived from such Purchased Receivables are in excess of the purchase price paid for such Purchased Receivables. (c) Subject to Section 1.2(d) hereof, the Company shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with all or any portion of the Purchased Receivables.

Appears in 9 contracts

Samples: Receivables Purchase Agreement (Eagle Picher Technologies LLC), Receivables Purchase Agreement (Eagle Picher Technologies LLC), Receivables Purchase Agreement (Eagle Picher Technologies LLC)

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