Common use of Compliance and Separateness Clause in Contracts

Compliance and Separateness. (i) During the term of this Agreement, the Transferor will, subject to the terms of this Agreement, 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 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 this Agreement and the other Related Documents to which it is a party, and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated thereby.

Appears in 6 contracts

Samples: Receivables Purchase and Administration Agreement (T-Mobile US, Inc.), Master Receivables Purchase Agreement (T-Mobile US, Inc.), Receivables Purchase and Administration Agreement (T-Mobile US, Inc.)

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Compliance and Separateness. (i) During the term of this Agreement, the Transferor will, subject to the terms of this Agreement, 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 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 this Agreement and the other Related Transaction Documents to which it is a party, and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated thereby.

Appears in 5 contracts

Samples: Note Purchase Agreement (United States Cellular Corp), Note Purchase Agreement (United States Cellular Corp), VFN Note Purchase Agreement (United States Cellular Corp)

Compliance and Separateness. (i) During the term of this Agreement, the such Transferor will, subject to the terms of this Agreement, keep in full force and effect its existence, rights and franchises as a limited liability company corporation under the laws of the jurisdiction of its formation incorporation and 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 this Agreement and the other Related Documents to which it is a party, and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated thereby.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (HSBC Credit Card Master Note Trust (Usa) I)

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Compliance and Separateness. (i) During the term of this Agreement, the Transferor will, subject to the terms of this Agreement, 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 will 736942168 19632398738387080 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 this Agreement and the other Related Documents to which it is a party, and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated thereby.

Appears in 1 contract

Samples: Receivables Purchase and Administration Agreement (T-Mobile US, Inc.)

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