Common use of Covenants of CRCF and the Administrator Clause in Contracts

Covenants of CRCF and the Administrator. (a) CRCF and the Administrator hereby agree, in addition to their obligations hereunder, that: (i) they shall observe in all material respects each and every of their respective covenants (both affirmative and negative) contained in the Base Indenture and all other Related Documents to which each is a party; (ii) they shall afford each Purchaser, the Trustee or any representatives of any such Purchaser or the Trustee access to all records relating to the Leases, the Subleases, the Vehicles, the Manufacturer Programs and the Loan Agreements at any reasonable time during regular business hours, upon reasonable prior notice (and with one Business Day’s prior notice if an Amortization Event with respect to the Series 2004-1 Notes shall have been deemed to have occurred or shall have been declared to have occurred), for purposes of inspection and shall permit such Purchaser, the Trustee or any representative of such Purchaser or the Trustee to visit any of CRCF’s or the Administrator’s, as the case may be, offices or properties during regular business hours and as often as may reasonably be desired to discuss the business, operations, properties, financial and other conditions of CRCF or the Administrator with their respective officers and employees and with their independent certified public accountants; (iii) they shall promptly provide such additional financial and other information with respect to the Related Documents, CRCF, the Lessors, the Permitted Nominees, the Lessees, the Permitted Sublessees, the Related Documents or the Manufacturer Programs as the Administrative Agent may from time to time reasonably request; (iv) they shall provide to the Administrative Agent simultaneously with delivery to the Trustee copies of information furnished to the Trustee or CRCF pursuant to the Related Documents as such information relates to all Series of Notes generally or specifically to the Series 2004-1 Notes or the Series 2004-1

Appears in 2 contracts

Samples: Second Amended and Restated Series 2004 1 Supplement (Cendant Corp), Amended and Restated Series 2004 1 Supplement (Cendant Corp)

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Covenants of CRCF and the Administrator. (a) CRCF and the Administrator hereby agree, in addition to their obligations hereunder, that: (ia) they shall observe in all material respects each and every of their respective covenants (both affirmative and negative) contained in the Base Indenture and all other Related Documents to which each is a party; (iib) they shall afford each PurchaserFunding Agent with respect to a Purchaser Group, the Trustee or any representatives of any such Purchaser Funding Agent or the Trustee access to all records relating to the Leases, the Subleases, the Vehicles, the Manufacturer Programs and the Loan Agreements at any reasonable time during regular business hours, upon reasonable prior notice (and with one Business Day’s prior notice if an Amortization Event with respect to the Series 2004-1 4 Notes shall have been deemed to have occurred or shall have been declared to have occurred), for purposes of inspection and shall permit such PurchaserFunding Agent, the Trustee or any representative of such Purchaser Funding Agent or the Trustee to visit any of CRCF’s or the Administrator’s, as the case may be, offices or properties during regular business hours and as often as may reasonably be desired to discuss the business, operations, properties, financial and other conditions of CRCF or the Administrator with their respective officers and employees and with their independent certified public accountants; (iiic) they shall promptly provide such additional financial and other information with respect to the Related Documents, CRCF, the Lessors, the Permitted Nominees, the Lessees, the Permitted Sublessees, the Related Documents or the Manufacturer Programs as the Administrative Agent may from time to time reasonably request; (ivd) they shall provide to the Administrative Agent simultaneously with delivery to the Trustee copies of information furnished to the Trustee or CRCF pursuant to the Related Documents as such information relates to all Series of Notes generally or specifically to the Series 2004-1 4 Notes or the Series 2004-14

Appears in 2 contracts

Samples: Series 2004 4 Supplement (Cendant Corp), Series 2004 4 Supplement (Cendant Corp)

Covenants of CRCF and the Administrator. (a) CRCF and the Administrator hereby agree, agree with the other parties hereto and the Surety Provider; in addition to their obligations hereunder, that: (ia) they shall observe in all material respects each and every of their respective covenants (both affirmative and negative) contained in the Base Indenture and all other Related Documents to which each is a party; (iib) they shall afford each PurchaserFunding Agent with respect to a Purchaser Group, the Trustee or any representatives of any such Purchaser Funding Agent or the Trustee access to all records relating to the Leases, the Subleases, the Vehicles, the Manufacturer Programs and the Loan Agreements at any reasonable time during regular business hours, upon reasonable prior notice (and with one Business Day’s prior notice if an Amortization Event with respect to the Series 20042006-1 2 Notes shall have been deemed to have occurred or shall have been declared to have occurred), for purposes of inspection and shall permit such PurchaserFunding Agent, the Trustee or any representative of such Purchaser Funding Agent or the Trustee to visit any of CRCF’s or the Administrator’s, as the case may be, offices or properties during regular business hours and as often as may reasonably be desired to discuss the business, operations, properties, financial and other conditions of CRCF or the Administrator with their respective officers and employees and with their independent certified public accountants; (iiic) they shall promptly provide such additional financial and other information with respect to the Related Documents, CRCF, the Lessors, the Permitted Nominees, the Lessees, the Permitted Sublessees, the Related Documents or the Manufacturer Programs as the Administrative Agent may from time to time reasonably request; (ivd) they shall provide to the Administrative Agent and the Surety Provider simultaneously with delivery to the Trustee copies of information furnished to the Trustee or CRCF pursuant to the Related Documents as such information relates to all Series of Notes generally or specifically to the Series 20042006-1 2 Notes or the Series 20042006-12 Collateral. In connection with any Preference Amount payable under the Surety Bond, the Trustee shall furnish to the Surety Provider its records evidencing the distributions of principal of and interest on the Series 2006-2 Notes that have been made and subsequently recovered from Series 2006-2 Noteholders and the dates on which such payments were made. They shall also provide to the Administrative Agent copies of (i) each report prepared pursuant to Sections 9.12 and 9.22 of the Loan Agreements and (ii) the financial statements of ABCR and its consolidated subsidiaries delivered pursuant to Section 31.5 of the Leases. The Administrative Agent shall distribute to the Funding Agents copies of all information delivered to it pursuant to this Section 8.2(d); (e) they shall not agree to any amendment to the Base Indenture or any other Related Document, which amendment requires the consent of the Requisite Investors, without having received the prior written consent of the Requisite Noteholders and the Surety Provider; (f) they shall not agree to any replacement or successor to the Intermediary or the addition of any new Manufacturer as an Eligible Program Manufacturer, in each case without having received the prior written consent of the Requisite Noteholders and the Surety Provider; and (g) in connection with any sale under Section 11.1(g), they shall agree to facilitate to the extent reasonable, any assignment or amendment necessary to enable the Surety Provider or its Affiliate to hold the Series 2006-2 Notes under this Supplement.

Appears in 1 contract

Samples: Series 2006 2 Supplement (Cendant Corp)

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Covenants of CRCF and the Administrator. (a) CRCF and the Administrator hereby agree, in addition to their obligations hereunder, that: (ia) they shall observe in all material respects each and every of their respective covenants (both affirmative and negative) contained in the Base Indenture and all other Related Documents to which each is a party; (iib) they shall afford each PurchaserFunding Agent with respect to a Purchaser Group, the Trustee or any representatives of any such Purchaser Funding Agent or the Trustee access to all records relating to the Leases, the Subleases, the Vehicles, the Manufacturer Programs and the Loan Agreements at any reasonable time during regular business hours, upon reasonable prior notice (and with one Business Day’s prior notice if an Amortization Event with respect to the Series 20042005-1 3 Notes shall have been deemed to have occurred or shall have been declared to have occurred), for purposes of inspection and shall permit such PurchaserFunding Agent, the Trustee or any representative of such Purchaser Funding Agent or the Trustee to visit any of CRCF’s or the Administrator’s, as the case may be, offices or properties during regular business hours and as often as may reasonably be desired to discuss the business, operations, properties, financial and other conditions of CRCF or the Administrator with their respective officers and employees and with their independent certified public accountants; (iiic) they shall promptly provide such additional financial and other information with respect to the Related Documents, CRCF, the Lessors, the Permitted Nominees, the Lessees, the Permitted Sublessees, the Related Documents or the Manufacturer Programs as the Administrative Agent may from time to time reasonably request; (ivd) they shall provide to the Administrative Agent simultaneously with delivery to the Trustee copies of information furnished to the Trustee or CRCF pursuant to the Related Documents as such information relates to all Series of Notes generally or specifically to the Series 20042005-1 3 Notes or the Series 20042005-13

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

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