Common use of Corporate Existence; Merger; Consolidation, etc Clause in Contracts

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other PersonPerson except temporarily as permitted by Section 4.01(a) of the Assignment and Servicing Agreement.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, and (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person. (d) The Issuer will be qualified to do business in all states where the failure to do so would have a material adverse effect on the noteholders.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, and (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement, the Seller Contribution and Sale Agreement, the Transferor Contribution and Sale Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person, except as permitted under the Transaction Documents.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, and (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person. (d) The Issuer will be qualified to do business in all states where the failure to do so would have a material adverse effect on the Noteholders.

Corporate Existence; Merger; Consolidation, etc. (a) The Issuer will keep in full effect its existence and rights as a limited liability company business trust under the laws of the State of Delaware. (b) The Issuer shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requisite and appropriate organizational and other formalities in the management of its business and affairs and the conduct of the transactions contemplated hereby and by the Underwriting Agreement and the Assignment and Servicing Agreement. (c) The Issuer shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person.