Common use of Responsibilities of the Seller Clause in Contracts

Responsibilities of the Seller. Notwithstanding anything herein to the contrary (i) the Seller shall perform all of its obligations under the Credit and Collection Policies related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser hereunder, (ii) the exercise by the Purchaser of any of its rights hereunder shall not relieve the Seller from its obligations with respect to such Receivables and (iii) except as provided by law, the Purchaser shall not have any obligation or liability with respect to any Receivables or the underlying Contracts, nor shall the Purchaser be obligated to perform any of the obligations or duties of the Seller thereunder.

Appears in 26 contracts

Samples: Purchase Agreement (Conns Inc), Purchase Agreement (Conns Inc), Purchase Agreement (Conns Inc)

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Responsibilities of the Seller. Notwithstanding anything herein to the contrary (i) the Seller shall perform all of its obligations under the Credit and Collection Policies related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser Receivables Trust hereunder, (ii) the exercise by the Purchaser or Receivables Trust of any of its rights hereunder shall not relieve the Seller from its obligations with respect to such Receivables and (iii) except as provided by law, the Purchaser and the Receivables Trust shall not have any obligation or liability with respect to any Receivables or the underlying Contracts, nor shall the Purchaser or Receivables Trust be obligated to perform any of the obligations or duties of the Seller thereunder.

Appears in 3 contracts

Samples: Note Purchase Agreement (Conns Inc), Note Purchase Agreement (Conns Inc), Second Receivables Purchase Agreement (Conns Inc)

Responsibilities of the Seller. Notwithstanding anything Anything herein to the contrary (i) notwithstanding, the Seller shall (a) perform all of its obligations under the Credit and Collection Policies Contracts related to the Receivables to the same extent as if such Receivables had not been transferred to the Purchaser hereunder, (ii) sold hereunder and the exercise by the Purchaser of any of its rights hereunder shall not relieve the Seller from its obligations such obligations; and (b) pay when due any taxes, including without limitation, any sales taxes payable in connection with respect to such the Receivables and (iii) except as provided by law, the their creation and satisfaction. The Purchaser shall not have any obligation or liability with respect to under any Receivables Receivable, Related Security or the underlying Contractsrelated Contract, nor shall the Purchaser it be obligated to perform any of the obligations or duties of the Seller thereunder.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wintrust Financial Corp)

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Responsibilities of the Seller. Notwithstanding anything Anything herein to the contrary notwithstanding, the Seller shall (i) the Seller shall perform all of its obligations under the Credit and Collection Policies related to the Receivables to the same extent as if such Receivables Assets had not been transferred to the Purchaser hereunder, (ii) assigned hereunder and the exercise by the Purchaser of any Agent of its rights hereunder shall not relieve the Seller from its such obligations with respect to such Receivables and (iiiii) except as provided by lawpay when due any taxes, including without limitation, sales, excise and personal property taxes payable in connection with the Receivables. None of the Agent, the Purchaser Purchasers or the Liquidity Providers shall not have any obligation or liability with respect to any Receivables or the underlying ContractsReceivables Assets, nor shall the Purchaser any of them be obligated to perform any of the obligations or duties of the Seller thereunder.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Staples Inc)

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