Common use of Company Existence Clause in Contracts

Company Existence. During the term of this Agreement, the Seller shall keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Seller and its Affiliates (including the Issuer) shall be conducted on an arm’s length basis.

Appears in 99 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2024-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust)

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Company Existence. During the term of this Agreement, the Seller shall will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and shall will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Seller and its Affiliates (including the Issuer) shall will be conducted on an arm’s 's length basis.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)

Company Existence. During the term of this Agreement, the Seller shall will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and shall will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Seller and its Affiliates (including the Issuer) shall will be conducted on an arm’s length basis.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

Company Existence. During the term of this Agreement, the Seller shall keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement 50 and the transactions contemplated hereby. In addition, all transactions and dealings between the Seller and its Affiliates (including the Issuer) shall be conducted on an arm’s length basis.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2017-a Owner Trust), Form of Sale and Servicing Agreement (Toyota Auto Receivables 2017-a Owner Trust)

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Company Existence. During the term of this Agreement, the Seller shall keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Basic Documents and each other 50 instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Seller and its Affiliates (including the Issuer) shall be conducted on an arm’s length basis.

Appears in 1 contract

Samples: Form of Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

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