Common use of Rights of the Company Clause in Contracts

Rights of the Company. Each Originator hereby authorizes the Company and the Servicer to take any and all steps in such Originator’s name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder, including, without limitation, if a Purchase and Sale Termination Event exists, endorsing the name of such Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Vistra Corp.), Purchase and Sale Agreement (Vistra Corp.), Purchase and Sale Agreement (Vistra Energy Corp.)

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Rights of the Company. Each The Originator hereby authorizes the Company and Company, Servicer, the Servicer Administrator or their respective designees to take any and all steps permitted by applicable Legal Requirements in such the Originator’s 's name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunderReceivables, including, without limitation, if a Purchase and Sale Termination Event exists, endorsing indorsing the name of such the Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts (or exercising any rights under the applicable Legal Requirements) that concern payment and/or enforcement of rights to payment.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/), Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

Rights of the Company. Each Originator hereby authorizes the Company and Company, the Servicer or their respective designees or assignees under this Agreement or the Receivables Financing Agreement (including the Administrator) to take any and all steps in such Originator’s name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunderReceivables, including, without limitation, if a Purchase and Sale Termination Event exists, endorsing indorsing the name of such Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Worthington Industries Inc)

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Rights of the Company. Each Originator hereby authorizes the Company --------------------- and the Servicer or their respective designees to take any and all steps in such Originator’s 's name necessary or desirable, in their respective determination, after the occurrence and during the continuation of a Purchase and Sale Termination Event, to collect all amounts due under any and all Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunderand Related Rights, including, without limitation, if a Purchase and Sale Termination Event exists, endorsing the such Originator's name of such Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Steel Corp)

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