No Obligation to Take Action. Buyer shall have no obligation to perform any of Seller’s obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon any Purchased Receivables (including without limitation any defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
Appears in 8 contracts
Samples: Non Recourse Receivables Purchase Agreement (Emcore Corp), Non Recourse Receivables Purchase Agreement (Arbinet Thexchange Inc), Loan and Security Agreement (Otix Global, Inc.)
No Obligation to Take Action. Buyer shall have has a right, but no obligation obligation, to perform any of Seller’s 's obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon on any Purchased Receivables Receivable (including without limitation any on defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Harmonic Inc), Non Recourse Receivables Purchase Agreement (Allaire Corp), Non Recourse Receivables Purchase Agreement (Art Technology Group Inc)
No Obligation to Take Action. Buyer shall have no obligation to perform any of Seller’s 's obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon any Purchased Receivables (including without limitation any defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
Appears in 2 contracts
Samples: Non Recourse Receivables Purchase Agreement (Applix Inc /Ma/), Receivables Purchase Agreement (Analogy Inc)
No Obligation to Take Action. Buyer shall have has no obligation to perform any of Seller’s Sellers obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon on any Purchased Receivables Receivable (including without limitation any on defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Credence Systems Corp)
No Obligation to Take Action. Buyer shall have no ---------------------------- obligation to perform any of Seller’s 's obligations under any Purchased Receivables Obligations Documentation or to take any action or commence any proceedings to realize upon any Purchased Receivables Obligations (including without limitation any defaulted Purchased ReceivablesObligations), or to enforce any of its rights or remedies with respect thereto.. _5.3
Appears in 1 contract
Samples: Purchase Agreement (P-Com Inc)
No Obligation to Take Action. Buyer shall have has no obligation to perform any of Seller’s 's obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon on any Purchased Receivables Receivable (including without limitation any on defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
Appears in 1 contract
Samples: Non Recourse Receivables Purchase Agreement (MMC Networks Inc)
