Contracts Not to be Evidenced by Promissory Notes. The Depositor will take no action to cause any Contract not originally consisting of or evidenced by an instrument (except to the extent part of tangible chattel paper) (as such terms are defined in the UCC), to be evidenced by an instrument, except in connection with the enforcement or collection of such Contract.
Appears in 18 contracts
Samples: Pooling and Servicing Agreement (Cit Funding Co, LLC), Pooling and Servicing Agreement (Cit Equipment Collateral 2006-Vt2), Pooling and Servicing Agreement (CIT Equipment Collateral 2008-Vt1)
Contracts Not to be Evidenced by Promissory Notes. The Depositor will take no action to cause any Contract not originally consisting of or evidenced by an instrument (except to the extent part of tangible chattel paper) (as such terms are defined in the UCC), to be evidenced by an instrument, except in connection with the enforcement or collection of such Contract.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (Cit Equipment Collateral 2003-Vt1), Transfer Agreement (Asset Backed Securities Corp), Pooling and Servicing Agreement (Cit Equipment Collateral 2001-1)
Contracts Not to be Evidenced by Promissory Notes. The Trust Depositor will take no action to cause any Contract not originally consisting of or evidenced by an instrument (except to the extent part of tangible chattel paper) (as such terms are defined described in the UCC)Section 2.06 hereof, to be evidenced by an instrumentinstrument (as defined in the UCC), except in connection with the enforcement or collection of such Contract.
Appears in 6 contracts
Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000-A), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 1999-A), Sale and Servicing Agreement (Fidelity Leasing Inc)
