Common use of Activities of the Seller Clause in Contracts

Activities of the Seller. The Seller will not engage in any business or activity of any kind or enter into any transaction other than (x) the businesses, activities and transactions contemplated and authorized by this Agreement or the Related Documents or (y) the business of acquiring, selling or financing wholesale and retail receivables and related activities and transactions (such businesses, activities and transactions, collectively, "Permitted Transactions").

Appears in 9 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)

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Activities of the Seller. The Seller will shall not engage in any business or activity of any kind with the Buyer, or enter into any transaction or indenture, mortgage, instrument, agreement, loan, lease or other than (x) undertaking with the businessesBuyer, activities and which is not directly related to the transactions contemplated and authorized by this Agreement, the other Sale Papers, and the Trust Agreement or of the Related Documents or (y) the business of acquiring, selling or financing wholesale and retail receivables and related activities and transactions (such businesses, activities and transactions, collectively, "Permitted Transactions")Buyer.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD)

Activities of the Seller. The Seller will shall not engage in any business or activity of any kind with the Buyer, or enter into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other than (x) undertaking with the businessesBuyer, activities and which is not directly related to the transactions contemplated and authorized by this Agreement, the Receivables Purchase Agreement or and the Related Documents or (y) Certificate of Incorporation of the business of acquiring, selling or financing wholesale and retail receivables and related activities and transactions (such businesses, activities and transactions, collectively, "Permitted Transactions")Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Fidelity Leasing Inc), Purchase and Sale Agreement (Resource America Inc)

Activities of the Seller. The Such Seller will shall not engage in any business or activity of any kind with the Buyer, or enter into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other than (x) undertaking with the businessesBuyer, activities and which is not directly related to the transactions contemplated and authorized by this Agreement, the Receivables Purchase Agreement or and the Related Documents or (y) Certificate of Incorporation of the business of acquiring, selling or financing wholesale and retail receivables and related activities and transactions (such businesses, activities and transactions, collectively, "Permitted Transactions")Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Fidelity Leasing Inc)

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Activities of the Seller. The Seller will shall not engage in any business or activity of any kind with the Buyer, or enter into any transaction or indenture, mortgage, instrument, agreement, loan, lease or other than (x) undertaking with the businessesBuyer, activities and which is not directly related to the transactions contemplated and authorized by this Agreement or Agreement, the Related Documents or (y) other Transaction Documents, the business Sale Papers, and the operating agreement of acquiring, selling or financing wholesale and retail receivables and related activities and transactions (such businesses, activities and transactions, collectively, "Permitted Transactions")the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kohlberg Capital CORP)

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