Negotiable Instruments. Unless delivered to the Administrative Agent, the Seller shall not take any action to cause any Portfolio Receivable not evidenced by a negotiable instrument upon origination to become evidenced by a negotiable instrument, except in connection with the enforcement or collection of a Defaulted Receivable.
Appears in 2 contracts
Samples: Bungeltd, Pooling Agreement (Bunge LTD)
Negotiable Instruments. Unless delivered to the Administrative Agent, the The Seller shall not take any action to cause any Portfolio Receivable not evidenced by a negotiable instrument upon origination to become evidenced by a negotiable instrument, except in connection with the enforcement or collection of a Defaulted Receivable or a Delinquent Receivable.
Appears in 2 contracts
Samples: German Receivables Sale Agreement (Arrow Electronics Inc), English Receivables Sale Agreement (Arrow Electronics Inc)