Common use of Protection of Right, Title and Interest to Receivables Clause in Contracts

Protection of Right, Title and Interest to Receivables. (a) The RPA Seller, at its expense, shall cause this Agreement and/or all financing statements and continuation statements and any other necessary documents covering the Purchaser’s right, title and interest to the Receivables and other property conveyed by the RPA Seller to the Purchaser hereunder to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Purchaser hereunder to all of the Receivables and such other property. The RPA Seller shall deliver to the Purchaser file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Purchaser shall cooperate fully with the RPA Seller in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection.

Appears in 63 contracts

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2017-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2019-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2018-1 Owner Trust)

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