Common use of CORPORATE EXISTENCE; STATUS AS SERVICER; MERGER Clause in Contracts

CORPORATE EXISTENCE; STATUS AS SERVICER; MERGER. (a) The Servicer shall keep in full effect its existence, rights and franchises as a corporation under the laws of the State of Texas, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Contract Documents, this Indenture and the Servicing Agreement.

Appears in 8 contracts

Samples: Indenture (Transition Auto Finance Ii Inc), Indenture (Sovereign Credit Finance I Inc), Indenture (Transition Auto Finance Ii Inc)

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CORPORATE EXISTENCE; STATUS AS SERVICER; MERGER. (a) The Servicer shall keep in full effect its existence, rights and franchises as a corporation under the laws of the State of Texas, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Contract Documents, this Indenture and the Servicing Agreement.be

Appears in 3 contracts

Samples: Subsidiary Agreement (Transition Auto Finance Iii Inc), Transition Auto Finance Iii Inc, Transition Auto Finance Iii Inc

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CORPORATE EXISTENCE; STATUS AS SERVICER; MERGER. (a) The Servicer shall keep in full effect its existence, rights and franchises as a corporation under the laws of the State of Texas, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Contract Documents, this Indenture and the Servicing AgreementAgreements.

Appears in 1 contract

Samples: Transition Auto Finance Iv Inc

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