Case Receivables definition
Examples of Case Receivables in a sentence
Case Credit has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power and authority to acquire, own and sell the Case Receivables.
CNHCR has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power and authority to acquire, own and sell the Case Receivables.
Case Credit shall, at its own expense, on or prior to the Closing Date, indicate in its computer files that Case Receivables created in connection with the Case Purchased Contracts have been sold to CNHCR pursuant to this Agreement and deliver to CNHCR the Schedule of Case Receivables certified by the Chairman, the President, a Vice President or the Treasurer of Case Credit to be true, correct and complete.
Case Credit will pay all expenses incident to the performance of its obligations under this Agreement and Case Credit agrees to pay all reasonable out-of-pocket costs and expenses of CNHCR, excluding fees and expenses of counsel, in connection with the perfection as against third parties of CNHCR's right, title and interest in, to and under the Case Receivables and the enforcement of any obligation of Case Credit hereunder.
CNHCR agrees that it will neither use nor disclose to any Person the names and addresses of the Obligors, except in connection with the enforcement of CNHCR's rights hereunder, under the Case Receivables, under the Sale and Servicing Agreement or the Indenture or any other Basic Document or as required by any of the foregoing or by law.
Case Credit agrees to pay all reasonable costs and disbursements in connection with the perfection, as against all third parties, of CNHCR's right, title and interest in, to and under the Case Receivables.
None of the Case Receivables is due from the United States of America or any State or from any agency, department or instrumentality of the United States of America or any State.
Case Credit has caused or will have caused, within ten days of the Closing Date, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest granted to CNHCR under the Case Purchase Agreement in the Case Receivables.
Tenneco will transfer to Industrial Company as an intercompany advance an amount of funds equal to the fair market value of the Case Receivables (approximately $160,000,000).
All filings (including UCC filings) necessary in any jurisdiction to give CNHCR a first priority perfected ownership interest in the Case Receivables have been made.