Examples of Related Rights and Property in a sentence
Purchaser is the legal and beneficial owner of the Purchased Receivables and their Related Rights and Property, or possesses a valid and perfected security interest therein, in each case, free and clear of any Lien, except as created by the Program Documents.
In all cases hereunder where an Account Receivable is contributed to a Transferee who then becomes the Obligee of such Account Receivable, the contribution of such Account Receivable will be deemed to include the contribution of all of the Related Rights and Property relating to such Account Receivable.
Seller shall (i) comply with all requirements under the Policy which are applicable to it in its capacity as Seller or originator of the Purchased Receivables and (ii) respond completely and accurately to all questionnaires, polls, surveys, or audits of its Policies and Procedures, Standard Terms, Books and Records, the Purchased Receivables and their Related Rights and Property, and other items delivered to or required of Seller by Lender or Underwriter.
Servicer acknowledges and agrees that it has (i) no right, title, or interest in or to the Purchased Receivables, their Related Rights and Property, outstanding balances on the Purchased Receivables, or payments made by Account Debtors with respect to the Purchased Receivables, and (ii) no right, privilege, or power to establish or modify any terms or conditions of the Underlying Contract or other instruments relating to the Purchased Receivables.
In all cases hereunder where an Account Receivable is sold or conveyed to a Person who then becomes the Obligee of such Account Receivable, the sale or conveyance of such Account Receivable shall be deemed to include the sale and conveyance of all of the Related Rights and Property relating to such Account Receivable.
Purchaser shall be the owner and holder of all Purchased Receivables and their Related Rights and Property and shall have all rights, powers, and privileges with respect thereto as such owner and holder.
Servicer shall promptly advise Purchaser in writing of any actual or threatened litigation or regulatory investigation of which it has knowledge and which relates to the Purchased Receivables, their Related Rights and Property, or the Program Documents.
With respect to any Accounts Receivable and related Related Rights and Property that the Transferor, in its discretion, may contribute to Transferee on any Borrowing Date, such Accounts Receivable and related Related Rights and Property will be deemed to be a capital contribution from the Transferor to Transferee.
If however, notwithstanding the intention of the parties, the contribution provided for in this Article II is determined to be a transfer for security, then this Agreement will also be deemed to be a security agreement and the Transferor hereby grants to Transferee a security interest in all of the Transferor’s right, title and interest in the Transferred Receivables and Related Rights and Property.
Purchaser shall, promptly upon Lender's request, furnish or cause to be furnished to Lender a status report, certified by a Senior Officer of Purchaser, showing the aggregate dollar value and location of any Related Rights and Property which constitutes goods.