Common use of Rights of the Buyer Clause in Contracts

Rights of the Buyer. Each Originator hereby authorizes the Buyer, the Servicer or their respective designees or assignees (including, without limitation, the Administrative Agent) to take any and all steps in such Originator’s name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold or otherwise conveyed or purported to be conveyed by it hereunder, including, without limitation, endorsing the name of such Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment; provided, however, the Administrative Agent shall not take any of the foregoing actions unless an Event of Default has occurred and is continuing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mallinckrodt PLC), Purchase and Sale Agreement (Mallinckrodt PLC)

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Rights of the Buyer. Each Originator hereby authorizes authorises the BuyerBuyer and the Servicer, the Servicer or and their respective designees or assignees under this Agreement or the RLSA (includingincluding the Agent), without limitation, the Administrative Agent) to take any and all steps in such Originator’s name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold or otherwise conveyed (or purported to be conveyed sold) by it such Originator hereunder, including, without limitation, including endorsing the name of such Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment; provided, however, the Administrative Agent shall not take any of the foregoing actions unless a Termination Event or an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Volt Information Sciences, Inc.)

Rights of the Buyer. Each The Originator hereby authorizes the Buyer, the Servicer or their respective designees or assignees under this Agreement or the Receivables Financing Agreement (including, without limitation, including the Administrative Agent) to take any and all steps in such the Originator’s name reasonably necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder, including, without limitation, including endorsing the name of such the Originator on checks and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or or enforcement of rights to payment; provided, however, the Administrative Agent shall not take any of the foregoing actions unless a Purchase and Sale Termination Event or an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Covia Holdings Corp)

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Rights of the Buyer. Each Originator hereby authorizes the Buyer, the Servicer or their respective designees or assignees under this Agreement or the Receivables Financing Agreement (including, without limitation, including the Administrative Agent) to take any and all steps in such Originator’s name necessary or desirable, in their respective determination, to collect all amounts due under any and all Receivables sold or otherwise conveyed or purported to be conveyed by it hereunder, including, without limitation, including endorsing the name of such Originator on checks cheques and other instruments representing Collections and enforcing such Receivables and the provisions of the related Contracts that concern payment and/or enforcement of rights to payment; provided, however, that the Administrative Agent shall not take any of the foregoing actions unless a Sale Termination Event or an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: English Sale Agreement (Sabre Corp)

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