Common use of Responsibilities of the Originator Clause in Contracts

Responsibilities of the Originator. Anything herein to the contrary notwithstanding: (a) The Originator shall perform its obligations hereunder, and the exercise by the Company or its designee of its rights hereunder shall not relieve the Originator from such obligations. (b) None of the Company, the Servicer, the Purchasers, or the Administrative Agent shall have any obligation or liability to any Obligor or any other third Person with respect to any Receivables, Contracts related thereto or any other related agreements, nor shall the Company, the Servicer, the Purchasers, or the Administrative Agent be obligated to perform any of the obligations of an Originator thereunder. (c) The Originator hereby grants to the Administrative Agent an irrevocable power of attorney, with full power of substitution, coupled with an interest, solely during the occurrence and continuation of a Termination Event to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Company (whether or not from the Originator) in connection with any Receivable sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder or Related Right.

Responsibilities of the Originator. Anything herein to the contrary notwithstanding: (a) The Originator shall perform its obligations hereunder, and the exercise by the Company Buyer or its designee of its rights hereunder shall not relieve the Originator from such obligations. (b) None of the CompanyBuyer, the Servicer, the Purchasers, Lenders or the Administrative Agent shall have any obligation or liability to any the Obligor or any other third Person with respect to any Receivables, Contracts related thereto or any other related agreements, nor shall the CompanyBuyer, the Servicer, the Purchasers, Lenders or the Administrative Agent be obligated to perform any of the obligations of an the Originator thereunder. (c) The Originator hereby grants to the Buyer and the Administrative Agent an irrevocable power of power-of-attorney, with full power of substitution, coupled with an interest, solely during the occurrence and continuation of a Termination an Event of Default to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Company Buyer or the Administrative Agent (whether or not from the Originator) in connection with any Receivable sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder or Related Right.