Common use of Transfer of Records to Purchaser Clause in Contracts

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are collected in full. Each Seller shall take such action requested by the Purchaser or its successors and assigns, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's computer software system to access and create such records. In recognition of the Sellers' need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' business or in performance by FMC of its duties as Servicer, provided that (i) no Seller shall disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (FMC Corp)

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Transfer of Records to Purchaser. Each Purchase and -------------------------------- contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each the Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each The Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such the Seller's computer software system to access and create such records. In recognition of the Sellers' Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each the Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' the Seller's business or in performance by FMC of its duties as Servicer, provided that (i) no the Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each the Seller consents to the assignment and delivery of the records (including any information contained therein relating to such the Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Healthcare Financial Partners Inc)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the relevant Seller's ’s right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each such Seller's ’s computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's ’s computer software system to access and create such records. In recognition of the Sellers' each Seller’s need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each such Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller’s business or in performance by FMC of its duties as Servicer, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's ’s use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (AbitibiBowater Inc.)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the relevant Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-non- exclusive license to the use of each such Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's computer software system to access and create such records. In recognition of the Sellers' each Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller's business or in performance by FMC of its duties as Servicer, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Interco Inc)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the relevant Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each such Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's computer software system to access and create such records. In recognition of the Sellers' each Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each such Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller's business or in performance by FMC of its duties as ServicerCollection Agent, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Ferro Corp)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the relevant Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each such Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's computer software system to access and create such records. In recognition of the Sellers' each Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each such Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller's business or in performance by FMC of its duties as Servicer, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (AbitibiBowater Inc.)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the Seller's right and right, title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license the right to use the use of each Seller's computer software system to access and create such records. Such license right shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each The Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license license, sublicense or sublicenseotherwise) to the use of such the Seller's computer software system to access and create such records. In recognition of the Sellers' Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each the Seller an irrevocable license the right to access such records in connection with any activity arising in the ordinary course of such Sellers' the Seller's business or in performance by FMC of its duties as ServicerCollection Agent, provided that (i) no the Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each the Seller consents to the assignment and delivery of the records (including any information contained therein relating to such the Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Execution Copy Purchase and Contribution Agreement (North Atlantic Energy Corp /Nh)

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Transfer of Records to Purchaser. Each Purchase and -------------------------------- contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the applicable Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-non- exclusive license to the use of each such Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's computer software system to access and create such records. In recognition of the Sellers' each Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each Seller an irrevocable license to access [Purchase and Contribution Agreement] such records in connection with any activity arising in the ordinary course of such Sellers' Seller's business or in performance by FMC of its duties as Servicer, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Mail Well Inc)

Transfer of Records to Purchaser. Each Purchase purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the applicable Seller's ’s right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each such Seller's ’s computer software system to access and create such records. Such license 163008276 shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's ’s computer software system to access and create such records. In recognition of the Sellers' each Seller’s need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each such Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller’s business or in performance by FMC of its duties as Servicer, Collection Agent; provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's ’s use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Herc Holdings Inc)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the applicable Seller's ’s right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each such Seller's ’s computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such Seller's ’s computer software system to access and create such records. In recognition of the Sellers' each Seller’s need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' Seller’s business or in performance by FMC of its duties as ServicerCollection Agent, provided that (i) no such Seller shall not disrupt or otherwise interfere with the Purchaser's ’s use of and access to such records during such license period and (ii) each such Seller consents to the assignment and delivery of the records (including any information contained therein relating to such Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser and its successors and assigns of all of each of the Seller's right and title to and interest in the records relating to such Receivables and shall include an irrevocable non-exclusive license to the use of each the Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables originated by it are either collected in fullfull or become Defaulted Receivables. Each The Seller shall take such action requested by the Purchaser or its successors and assignsPurchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an enforceable ownership interest in the records relating to the Transferred Receivables originated by it and rights (whether by ownership, license or sublicense) to the use of such the Seller's computer software system to access and create such records. In recognition of the Sellers' Seller's need to have access to the records transferred to the Purchaser hereunder, the Purchaser hereby grants to each the Seller an irrevocable license to access such records in connection with any activity arising in the ordinary course of such Sellers' the Seller's business or in performance by FMC of its duties as ServicerCollection Agent, provided PROVIDED that (i) no the Seller shall not disrupt or otherwise interfere with the Purchaser's use of and access to such records during such license period and (ii) each the Seller consents to the assignment and delivery of the records (including any information contained therein relating to such the Seller or its operations) to any assignees or transferees of the Purchaser provided they agree to hold such records confidential.

Appears in 1 contract

Samples: Purchase Agreement (Response Usa Inc)

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