Common use of True Contribution Clause in Contracts

True Contribution. Title to each Receivable contributed, ----------------- assigned, conveyed and transferred hereunder will be vested in the Company as described in clauses (b) and (d) above, and such Receivables will not form part of the estate of the Contributor or relevant Originator upon a bankruptcy of the Contributor. The representations and warranties as of the date made set forth in this Section 4.02 shall survive the contribution, transfer, assignment and ------------ conveyance of the Receivables and other Receivable Assets to the Company. Upon discovery by a Responsible Officer of the Company or the Master Servicer or a Responsible Officer of the Contributor of a breach of any of the representations and warranties (or of any Receivable encompassed by the representation and warranty in subsection 4.02(c) not being an Eligible Receivable as of the ------------------ relevant Contribution Date), the party discovering such breach shall give prompt written notice to the other parties.

Appears in 2 contracts

Samples: Contribution Agreement (Huntsman Ici Chemicals LLC), Contribution Agreement (Huntsman Ici Holdings LLC)

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True Contribution. Title to each Contributed Receivable contributed, ----------------- assigned, conveyed and transferred hereunder will be vested in the Company as described contemplated in clauses (bsubsection 4.02(b) and (d) abovesubsection 4.02(d), and such Contributed Receivables will not form part of the estate of the Contributor or the relevant U.S. Originator upon a bankruptcy of the ContributorContributor or the relevant U.S. Originator. The representations and warranties as of the date made set forth in this Section 4.02 shall survive the contribution, transfer, assignment and ------------ conveyance of the Contributed Receivables and other Receivable Assets to the Company. Upon discovery by a Responsible Officer of the Company or the Master Servicer or a Responsible Officer of the Contributor of a breach of any of the representations and warranties (or of any Contributed Receivable encompassed by the representation and warranty in subsection 4.02(c) not being an Eligible Receivable as of the ------------------ relevant Contribution Date), the party discovering such breach shall give prompt written notice to the Administrative Agent and the respective other parties.

Appears in 1 contract

Samples: Contribution Agreement (Huntsman CORP)

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True Contribution. Title to each Contributed Receivable contributed, ----------------- assigned, conveyed and transferred hereunder will be vested in the Company as described contemplated in clauses (bsubsection 4.02(b) and (d) abovesubsection 4.02(d), and such Contributed Receivables will not form part of the estate of the Contributor or the relevant Originator upon a bankruptcy of the ContributorContributor or the relevant Originator. The representations and warranties as of the date made set forth in this Section 4.02 shall survive the contribution, transfer, assignment and ------------ conveyance of the Contributed Receivables and other Receivable Assets to the Company. Upon discovery by a Responsible Officer of the Company or the Master Servicer or a Responsible Officer of the Contributor of a breach of any of the representations and warranties (or of any Contributed Receivable encompassed by the representation and warranty in subsection 4.02(c) not being an Eligible Receivable as of the ------------------ relevant Contribution Date), the party discovering such breach shall give prompt written notice to the Administrative Agent and the respective other parties.

Appears in 1 contract

Samples: European Contribution Agreement (Huntsman CORP)

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