Responsibilities of the Originators. Anything herein to the contrary notwithstanding: Collection Procedures. Each Originator agrees to (i) direct, or cause each Payment Processor to direct, its respective Obligors to make payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes or Payment Processors and (ii) direct each Payment Processor to remit all payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes. Each Originator further agrees to transfer any Collections of Sold Receivables that it receives directly to a Collection Account or the Concentration Account within two (2) Business Days of receipt thereof, and agrees that all such Collections shall be deemed to be received in trust for the Company and the Administrator (as the Company’s assignee). Notwithstanding the foregoing requirements of this Section 7.2(a), until May 31, 2019, Collections on Receivables originated by Dynegy Energy Services, LLC may be received into the Dynegy Account but only so long as all available Collections in such accounts are swept on a daily basis to the Concentration Account. (a) Each Originator shall perform its obligations hereunder, and the exercise by the Company or its designee of its rights hereunder shall not relieve such Originator from such obligations. (b) The Company shall have no obligation or liability to any Obligor or any other Person with respect to any Receivables, Contracts related thereto or any other related agreements, nor shall the Company be obligated to perform any of the obligations of any Originator thereunder. (c) Each Originator hereby grants to the Servicer an irrevocable power of attorney, with full power of substitution, coupled with an interest, during the occurrence and continuation of a Purchase and Sale Termination Event or a Termination Event to take in the name of such 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 such Originator or transmitted or received by the Company (whether or not from such Originator) in connection with any Receivable or Related Rights sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder. Each Originator hereby acknowledges and consents to the powers of attorney granted by the Company and the Servicer to the Administrator pursuant to Section 4.4(b) of the Receivables Purchase Agreement.
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Responsibilities of the Originators. Anything herein to the contrary notwithstanding: Collection Procedures. :
(a) Each Originator of the Originators agrees to deliver (iand to immediately notify the Servicer (if not Feed) direct, or cause each Payment Processor to direct, its respective Obligors to make payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes or Payment Processors and (ii) direct each Payment Processor to remit all payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes. Each Originator further agrees to transfer any Collections of Sold Receivables that it receives has delivered) directly to a the Collection Account or any Lockbox Account (for the Concentration Account SPV Purchaser's account), within two (2) Business Days of receipt thereof or, if a Termination Event shall have occurred and be continuing or the Termination Period shall have commenced, immediately upon receipt thereof, any Collections that it receives, in the form so received, and agrees that all such Collections shall be deemed to be received in trust for the Company SPV Purchaser and shall be maintained and segregated separate and apart from all other funds and moneys of such Originator until delivery of the Administrator (as the Company’s assignee). Notwithstanding the foregoing requirements of this Section 7.2(a), until May 31, 2019, Collections on Receivables originated by Dynegy Energy Services, LLC may be received into the Dynegy Account but only so long as all available Collections in such accounts are swept on a daily basis to the Concentration Collection Account or such Lockbox Account;
(b) Each of the Originators agrees to instruct (i) all Obligors to cause all Collections to be sent either to a Lockbox that is the subject of a Lockbox Agreement and (ii) each Lockbox Bank or lockbox bank to deposit all Collections directly into a Lockbox Account that is the subject of a Lockbox Agreement.
(ac) Each Originator of the Originators shall (i) perform all of its obligations hereunderhereunder and the Contracts related to the Receivables and Related Rights (and under its agreements with any lockbox banks) to the same extent as if the Receivables and Related Rights had not been sold or contributed hereunder (subject to the terms and conditions of this Agreement and the other Transaction Documents), and the exercise by the Company SPV Purchaser or its designee or assignee of its the SPV Purchaser's rights hereunder or in connection herewith shall not relieve such Originator from such obligations.
obligations and (bii) The Company pay when due any taxes, including, without limitation, any sales taxes payable in connection with the Receivables and their creation and satisfaction. Notwithstanding anything to the contrary in this Agreement, none of the SPV Purchaser, the Administrator or the Purchasers under the Receivables Purchase Agreement shall have no any obligation or liability to any Obligor or any other Person with respect to any Receivables, Contracts related thereto Receivable or any other related agreements, Related Rights nor shall the Company any of them be obligated to perform any of the obligations of any Originator thereunder.
(c) Each Originator hereby grants to the Servicer an irrevocable power of attorney, with full power of substitution, coupled with an interest, during the occurrence and continuation of a Purchase and Sale Termination Event or a Termination Event to take in the name of such Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on under any writing or other right of any kind held or transmitted by such Originator or transmitted or received by the Company (whether or not from such Originator) in connection with any Receivable or Related Rights sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder. Each Originator hereby acknowledges and consents to the powers of attorney granted by the Company and the Servicer to the Administrator pursuant to Section 4.4(b) of the Receivables Purchase Agreementforegoing.
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