Common use of Rights of the Buyer Clause in Contracts

Rights of the Buyer. (a) Subject to Section 8.4(b), the Originator hereby authorizes the Buyer and its assignees and designees to take any and all steps in the Originator’s name and on behalf of the Originator that the Buyer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all Cartus Purchased Assets, including without limitation endorsing the name of the Originator on checks and other instruments representing Cartus Collections and enforcing such Cartus Purchased Assets. (b) The Buyer shall have no obligation to account for, to replace, to substitute or to return any Cartus Purchased Asset to the Originator, except as provided in Section 4.3(c). (c) The Buyer shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the Cartus Purchased Assets and all of the Buyer’s right, title and interest in, to and under this Agreement on whatever terms the Buyer determines, pursuant to the Receivables Purchase Agreement or otherwise. (d) As between the Originator and the Buyer, the Buyer shall have the sole right to retain any gains or profits created by buying, selling or holding the Cartus Purchased Assets.

Appears in 3 contracts

Sources: Omnibus Amendment (Domus Holdings Corp), Omnibus Amendment (NRT Settlement Services of Missouri LLC), Omnibus Amendment (Realogy Corp)

Rights of the Buyer. (a) Subject to Section 8.4(b), the Originator hereby authorizes the Buyer and its assignees and designees to take any and all steps in the Originator’s name and on behalf of the Originator that the Buyer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all Cartus Purchased Assets, including without limitation endorsing the name of the Originator on checks and other instruments representing Cartus Collections and enforcing such Cartus Purchased Assets. (b) The Buyer and its assignees shall have no obligation to account for, to replace, to substitute or to return any Cartus Purchased Asset to the Originator, except as provided in Section 4.3(c). (c) The Buyer and its assignees shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the Cartus Purchased Assets and all of the Buyer’s right, title and interest of the Buyer and its assignees in, to and under this Agreement on whatever terms the Buyer determinesand its assignees determine, pursuant to the Receivables Purchase Agreement or otherwise. (d) As between the Originator and the Buyer, the Buyer shall have the sole right to retain any gains or profits created by buying, selling or holding the Cartus Purchased Assets.

Appears in 2 contracts

Sources: CRC Purchase Agreement, Purchase Agreement (NRT Settlement Services of Missouri LLC)

Rights of the Buyer. (a) Subject to Section 8.4(b), the Originator hereby authorizes the Buyer and its assignees and designees to take any and all steps in the Originator’s name and on behalf of the Originator that the Buyer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all Cartus CMSC Purchased Assets, including without limitation endorsing the name of the Originator on checks and other instruments representing Cartus CMSC Collections and enforcing such Cartus CMSC Purchased Assets. (b) The Buyer and its assignees shall have no obligation to account for, to replace, to substitute or to return any Cartus CMSC Purchased Asset to the Originator, except as provided in Section 4.3(c). (c) The Buyer and its assignees shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the Cartus CMSC Purchased Assets and all of the Buyer’s right, title and interest of the Buyer and its assignees in, to and under this Agreement on whatever terms the Buyer determinesand its assignees determine, pursuant to the Receivables Purchase Agreement or otherwise. (d) As between the Originator and the Buyer, the Buyer shall have the sole right to retain any gains or profits created by buying, selling or holding the Cartus CMSC Purchased Assets.

Appears in 1 contract

Sources: Purchase Agreement (Realogy Corp)

Rights of the Buyer. (a) Subject to Section 8.4(b), the Originator hereby authorizes the Buyer and its assignees and designees to take any and all steps in the Originator’s 's name and on behalf of the Originator that the Buyer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all Cartus CMSC Purchased Assets, including without limitation endorsing the name of the Originator on checks and other instruments representing Cartus CMSC Collections and enforcing such Cartus CMSC Purchased Assets. (b) The Buyer shall have no obligation to account for, to replace, to substitute or to return any Cartus CMSC Purchased Asset to the Originator, except as provided in Section 4.3(c). (c) The Buyer shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the Cartus CMSC Purchased Assets and all of the Buyer’s 's right, title and interest in, to and under this Agreement on whatever terms the Buyer determines, pursuant to the Receivables Purchase Agreement or otherwise. (d) As between the Originator and the Buyer, the Buyer shall have the sole right to retain any gains or profits created by buying, selling or holding the Cartus CMSC Purchased Assets.

Appears in 1 contract

Sources: Purchase Agreement (PHH Corp)

Rights of the Buyer. (a) Subject to Section 8.4(b), the Originator hereby authorizes the Buyer and its assignees and designees to take any and all steps in the Originator’s name and on behalf of the Originator that the Buyer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all Cartus CMSC Purchased Assets, including without limitation endorsing the name of the Originator on checks and other instruments representing Cartus CMSC Collections and enforcing such Cartus CMSC Purchased Assets. (b) The Buyer shall have no obligation to account for, to replace, to substitute or to return any Cartus CMSC Purchased Asset to the Originator, except as provided in Section 4.3(c). (c) The Buyer shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the Cartus CMSC Purchased Assets and all of the Buyer’s right, title and interest in, to and under this Agreement on whatever terms the Buyer determines, pursuant to the Receivables Purchase Agreement or otherwise. (d) As between the Originator and the Buyer, the Buyer shall have the sole right to retain any gains or profits created by buying, selling or holding the Cartus CMSC Purchased Assets.

Appears in 1 contract

Sources: Purchase Agreement (Cendant Corp)