Common use of Control of Issuer Clause in Contracts

Control of Issuer. So long as any of the Notes remain outstanding, the Seller will not (i) sell, pledge or otherwise transfer any of its membership interests in the Issuer or (ii) vote such beneficial interests in favor of any amendment to or alteration of the certificate of formation or limited liability company agreement of the Issuer.

Appears in 8 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables Funding LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)

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Control of Issuer. So long as any of the Notes or the other obligations secured by the Indenture remain outstanding, the Seller will not (i) sell, pledge or otherwise transfer any of its membership interests in the Issuer or (ii) vote such beneficial membership interests in favor of any amendment to or alteration of the certificate of formation or limited liability company agreement of the IssuerIssuer or the Operating Agreement.

Appears in 1 contract

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)

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