Common use of Actions Affecting Rights Clause in Contracts

Actions Affecting Rights. To the extent permitted by applicable law, no Originator shall (i) take any action, or fail to take any action, if such action or failure to take action may interfere with the enforcement of any rights hereunder or under the other Related Documents, including rights with respect to the Transferred Receivables; or (ii) fail to pay any Charge, fee or other obligation of such Originator with respect to the Transferred Receivables, or fail to defend any action, if such failure to pay or defend may adversely affect the priority or enforceability of the perfected title of the Buyer to and the sole record and beneficial ownership interest of the Buyer in the Transferred Receivables or, prior to their Transfer hereunder, such Originator’s right, title or interest therein.

Actions Affecting Rights. To the extent permitted by applicable law, no Originator Such Transferor shall not (i) take any action, or fail to take any action, if such action or failure to take action may would reasonably be expected to interfere with the enforcement of any rights hereunder or under the other Related Documents, including rights with respect to the Transferred Receivables; or (ii) subject to Section 4.03(k), fail to pay any Charge, fee or other obligation of such Originator Transferor with respect to the Transferred Receivables, or fail to defend any action, if such failure to pay or defend may could reasonably be expected to adversely affect the priority or enforceability of the perfected title of the Buyer to and the sole record legal and beneficial ownership interest of the Buyer in the Transferred Receivables or, prior to their Transfer hereunder, such OriginatorTransferor’s right, title or interest therein.