Negotiable Instruments. The Seller shall not take any action to cause any 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
Sources: English Receivables Sale Agreement (Arrow Electronics Inc), Receivables Sale Agreement (Arrow Electronics Inc)
Negotiable Instruments. The 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 or a Delinquent Receivable.
Appears in 2 contracts
Sources: Securitization Agreement (Bungeltd), Securitization Agreement (Bunge LTD)