Common use of Trust Documents Control Clause in Contracts

Trust Documents Control. The Seller acknowledges that some, but not all Receivables are to be (i) sold by the Buyer to the Purchasers listed on Schedule 3 pursuant to the related agreements set forth therein and (ii) deposited in the respective Trusts pursuant to the related agreements set forth therein and are to be serviced by the applicable Servicer. The Seller agrees to cooperate fully with such Servicer and to permit such Servicer to take any and all actions necessary in connection with such Receivables.

Appears in 4 contracts

Samples: Receivables Purchase Agreement, Affinity Receivables Purchase Agreement (HSBC Credit Card Master Note Trust (Usa) I), Receivables Purchase Agreement (Metris Master Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!