Covenants of Owner Trust Sample Clauses

Covenants of Owner Trust and the Managing Trustee; -------------------------------------------------- Certain Agreements. (a) Subject to Section 2.02, the Owner Trust will duly and ------------------ punctually perform and observe all covenants and conditions to be performed and observed by it pursuant to the terms of any Operative Document. Except as permitted by this Indenture or the terms of any Operative Document, the Owner Trust will take no action and will cooperate with the Indenture Trustee so as to permit no action to be taken by others which will release, or which may be construed as releasing, the Owner Trust or the Charterer from any of its or the Charterer's, as the case may be, obligations or liabilities under any Operative Document, or which may result in the termination, amendment or modification, or impair the validity, of any such Operative Document.
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Covenants of Owner Trust. AND THE OWNER TRUSTEES; CERTAIN AGREEMENTS; INDENTURE EVENTS OF DEFAULT; REMEDIES OF INDENTURE TRUSTEE SECTION 5.01. Covenants of Owner Trust and the Managing Trustee; Certain Agreements................................................. 25 SECTION 5.02. Indenture Events of Default................................ 27 SECTION 5.03.
Sample 1

Related to Covenants of Owner Trust

  • COVENANTS OF OWNER Owner covenants and agrees, at its own cost and expense, with Note Holder and Mortgagee as follows:

  • Covenants of the Trust Depositor In the event that any litigation with claims in excess of $1,000,000 to which the Trust Depositor is a party which shall be reasonably likely to result in a material judgment against the Trust Depositor that the Trust Depositor will not be able to satisfy shall be commenced, during the period beginning immediately following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Trust Depositor, such judgment has been satisfied), the Trust Depositor shall not pay any dividend to the Servicer, or make any distribution on or in respect of its capital stock to the Servicer, or repay the principal amount of any indebtedness of the Trust Depositor held by the Servicer, unless after giving effect to such payment, distribution or repayment, the Trust Depositor’s liquid assets shall not be less than the amount of actual damages claimed in such litigation.

  • Covenants of the Master Servicer and each Servicer The Master Servicer and each Servicer, severally and not jointly, hereby covenants to the Depositor, the Trustee and the Trust Administrator as follows:

  • Covenants of the Trust The Trust covenants and agrees to the following:

  • Covenants of Servicer Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

  • Covenants of the Transferor The Transferor hereby covenants that:

  • Covenants of the Master Servicer The Master Servicer hereby covenants to the Depositor and the Trustee as follows:

  • Covenants of the Depositor The Depositor covenants and agrees with the Underwriters that:

  • COVENANTS OF MORTGAGOR Mortgagor covenants and agrees as follows:

  • Covenants of Seller Seller covenants and agrees with Buyer as follows:

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