Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Collection or give cause for the acceleration of any indebtedness of the Servicer.
Appears in 33 contracts
Samples: Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Vw Credit Leasing LTD)
Authorization and No Contravention. The execution, delivery and performance by the Servicer of each the Transaction Document Documents to which it is a party (i) have been duly authorized by all necessary corporate action on the part of the Servicer and (ii) do not violate contravene or constitute a default under (Ai) any applicable law, rule or regulation, (Bii) its organizational instruments documents or (Ciii) any agreement, contract, order material indenture or other material agreement or instrument to which it the Servicer is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Collection or give cause for the acceleration of any indebtedness of the Servicer.by
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC)
Authorization and No Contravention. The execution, delivery and performance by the Servicer of each the Transaction Document Documents to which it is a party (i) have been duly authorized by all necessary corporate action on the part of the Servicer and (ii) do not violate contravene or constitute a default under (Ai) any applicable law, rule or regulation, (Bii) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Collection or give cause for the acceleration of any indebtedness of the Servicer.documents or
Appears in 1 contract
Samples: Sale and Servicing Agreement (Capital One Auto Finance Trust 2004-A)
