Rights of the Agent. (a) The Seller and the Servicer each hereby transfer to the Agent the exclusive dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accounts, and shall take any further action that the Agent may reasonably request to effect such transfer.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Equistar Chemicals Lp), Receivables Purchase Agreement (Lyondell Chemical Co), Receivables Purchase Agreement (Lyondell Chemical Co)
Rights of the Agent. (a) The Seller and the Servicer PolyOne each hereby transfer to the Agent the exclusive ownership, dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accountspayments, and shall take any further action that the Agent may reasonably request to effect such transfer. Further, the Agent may notify at any time and at the Seller’s expense the Obligors of Pool Receivables, or any of them, of the ownership of Receivable Interests by the Owners.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Polyone Corp), Receivables Purchase Agreement (Polyone Corp), Receivables Purchase Agreement (Polyone Corp)
Rights of the Agent. (a) The Seller and the Servicer each hereby transfer Transfer to the Agent the exclusive ownership, dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accountspayments, and shall take any further action that the Agent may reasonably request to effect such transferTransfer. Further, the Agent may notify at any time and at the Seller’s expense the Obligors of Pool Receivables, or any of them, of the ownership of the Purchased Property by the Owners.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Polyone Corp), Canadian Receivables Purchase Agreement (Polyone Corp)
Rights of the Agent. (a) The Seller and the Servicer each hereby transfer to the Agent the exclusive dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accounts, and shall take any further action that the Agent may reasonably request to effect such transfer., including ..
Appears in 1 contract
Samples: Receivables Purchase Agreement (Lyondell Chemical Co)
Rights of the Agent. (a) The Seller Seller, the Servicer and the Servicer Receivables Administrator each hereby transfer to the Agent the exclusive dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accounts, and shall take any further action that the Agent may reasonably request to effect such transfer.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fidelity National Information Services, Inc.)
Rights of the Agent. (a) The Seller and the Servicer PolyOne each hereby transfer to the Agent the exclusive ownership, dominion and control of (x) the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accountspayments, and shall take any further action that the Agent may reasonably request to effect such transfer. Further, the Agent may notify at any time and at the Seller's expense the Obligors of Pool Receivables, or any of them, of the ownership of Receivable Interests by the Owners.
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Rights of the Agent. (a) The Upon the occurrence of an Event of Termination, the Seller and the Servicer each hereby transfer automatically transfers to the Agent the exclusive ownership, dominion and control of (x) the Lock-Box Accounts and Deposit Accounts to which the Obligors of Pool Receivables shall make payments and (y) the other Restricted Accountspayments, and shall take any further action that the Agent may reasonably request to effect such transfer. Further, the Agent may notify at any time and at the Seller’s expense the Obligors of Pool Receivables, or any of them, of the ownership of Receivable Interests by the Purchasers.
Appears in 1 contract
