Examples of Receivables Program Assets in a sentence
Each party hereto shall, upon reasonable request of any other party hereto, provide copies of all such modifications or amendments and copies of all other documentation relevant to the Receivables Program Assets or the Bank Collateral.
Notwithstanding any other provision herein to the contrary, upon the consummation of any Qualified Receivables Transaction (including without limitation any sales, conveyances or other transfers of Receivables Program Assets thereunder), the security interest granted hereunder in any Receivables Program Assets subject to such Qualified Receivables Transaction shall be automatically released.
In the event that the Banks' Agent obtains possession of any of the Receivables Program Assets, the Banks' Agent shall notify the Receivables Collateral Agent and the Administrative Agent of such fact, shall hold such Receivables Program Assets in trust and shall deliver such Receivables Program Assets for application, payment or other disposition as provided in Section 2.3(d) above.
The Receivables Collateral Agent and the Banks' Agent hereby appoint each other as agent for purposes of perfecting by possession their respective security interests and ownership interests and liens on the Receivables Program Assets and the Bank Collateral described hereunder.
In the event that any party hereto shall be required by the UCC or any other applicable law to give notice to the other of intended disposition of Receivables Program Assets or Bank Collateral, respectively, such notice shall be given in accordance with Section 3.1 hereof and ten (10) days' notice shall be deemed to be commercially reasonable.