Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 16 contracts
Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables. The Servicer shall, nor in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Servicer increase Financed Equipment as of the number execution of scheduled payments due under a the Receivable.
Appears in 14 contracts
Samples: Sale and Servicing Agreement (CNH Equipment Trust 2005-A), Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Equipment Trust 2005-B)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders Certificateholder or the Noteholders Secured Parties in such Receivablethe Receivables, nor shall the Servicer increase change the number amount of scheduled payments due the Scheduled Payment under a ReceivableReceivable or change the Amount Financed under a Receivable or reduce the Contract Rate of a Receivable (except if so ordered by a bankruptcy court in a proceeding concerning the Obligor or otherwise mandated by law).
Appears in 11 contracts
Samples: Trust and Servicing Agreement (Uacsc 2000-D Owner Trust Auto Rec Backed Notes), Trust and Servicing Agreement (Uacsc 2000-a Owner Trust Auto Rec Backed Notes), Trust and Servicing Agreement (Uacsc 2001-C Owner Trust)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, Certificateholders in the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase change the number amount of scheduled payments due the Scheduled Payment under a ReceivableReceivable or change the Amount Financed under a Receivable or reduce the Note Rate of a Receivable (except if so ordered by a bankruptcy court in a proceeding concerning the Obligor or otherwise mandated by law).
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust), Pooling and Servicing Agreement (Uacsc 1998-C Auto Trust)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, Certificateholders in the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase change the number amount of scheduled payments due the Scheduled Payment under a ReceivableReceivable or change the Amount Financed under a Receivable or reduce the Note Rate of a Receivable (except if so ordered by a bankruptcy court in a proceeding concerning the Obligor).
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust), Pooling and Servicing Agreement (Bay View Securitization Corp), Pooling and Servicing Agreement (Bay View Securitization Corp)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders or in such ReceivableReceivables. The Servicer shall, nor in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Servicer increase Financed Equipment as of the number execution of scheduled payments due under a the Receivable.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in accordance with Section 4.03 above or in the event of payment in full by the Obligor thereunder or repossessionthereunder, nor shall the Servicer impair the rights of the IssuerIssuing Entity, the Indenture Trustee, the Certificateholders Certificateholder or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a ReceivableReceivable except in accordance with the terms thereof or the terms of Section 4.02.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2007), Sale and Servicing Agreement (John Deere Owner Trust 2008), Sale and Servicing Agreement (John Deere Owner Trust 2009)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Asset securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, Trust or the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (National City Bank /), Pooling and Servicing Agreement (Ml Asset Backed Corp), Pooling and Servicing Agreement (Usaa Acceptance LLC)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, Trust or the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in accordance with Section 4.03 above or in the event of payment in full by the Obligor thereunder or repossessionthereunder, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders Certificateholder or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a ReceivableReceivable except in accordance with the terms thereof or the terms of Section 4.02.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Deere John Receivables Inc), Sale and Servicing Agreement (Deere John Receivables Inc), Sale and Servicing Agreement (Deere John Receivables Inc)
Covenants of Servicer. The Servicer shall not release the a Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders Secured Parties in such Receivablethe Receivables, nor shall the Servicer increase change the number amount of scheduled payments due the Scheduled Payment under a ReceivableReceivable or change the Amount Financed under a Receivable or reduce the Contract Rate of a Receivable (except if so ordered by a bankruptcy court in a proceeding concerning the Obligor or otherwise mandated by law).
Appears in 2 contracts
Samples: Trust and Servicing Agreement (Bay View Transaction Corp), Trust and Servicing Agreement (Bay View Deposit CORP)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any each Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossessionforeclosure thereunder, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase commingle any payments received on behalf of the number Trustee for the benefit of scheduled payments due under Certificateholders with assets of the Servicer, nor shall the Servicer amend a Receivable, except that extensions may be granted in accordance with Section 4.2.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Asta Funding Inc), Servicing Agreement (Asta Funding Inc)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any each Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossessionforeclosure thereunder, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under amend a Receivable, except that extensions may be granted in accordance with Section 4.2.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part (except in the event of payment in full by the Obligor thereunder or repossession, or except as ordered by a court of competent jurisdiction), nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part (except in the event of payment in full by the Obligor thereunder or repossession, or except as ordered by a court of competent jurisdiction), nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders Residual Interestholder or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, Trust or the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a Standard Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by or on behalf of the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the IssuerCertificateholders in the Receivables, nor shall the Indenture Trustee, Servicer change the Certificateholders or the Noteholders in such Annual Percentage Rate with respect to any Receivable, nor shall the Servicer increase modify the number or amount of scheduled payments due Scheduled Payments under a Receivable.
Appears in 1 contract
Samples: Standard Terms and Conditions Agreement (Ford Credit Auto Receivables Corp)
Covenants of Servicer. (a) The Servicer shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by or on behalf of the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in accordance with Section 4.03 above or in the event of payment in full by the Obligor thereunder or repossessionthereunder, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a ReceivableReceivable except in accordance with the terms thereof or the terms of Section 4.02.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Deere John Receivables Inc)
Covenants of Servicer. The Servicer shall not release --------------------- the Financed Vehicle Asset securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, Trust or the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Equipment securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Bond Securitization LLC)
Covenants of Servicer. The Servicer shall not release the --------------------- Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)
Covenants of Servicer. The Servicer shall not release --------------------- the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, Trust or the Certificateholders or the Noteholders in such ReceivableReceivables, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)
Covenants of Servicer. The Servicer shall not release --------------------- the Financed Vehicle Asset securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Asset securing any Receivable from the security interest granted by such Receivable in whole or in part (except in the event of payment in full by the Obligor thereunder or repossession, or except as ordered by a court of competent jurisdiction), nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders Residual Interestholder or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Covenants of Servicer. The Servicer shall not release the Financed Vehicle Asset securing any Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by the Obligor thereunder or repossession, nor shall the Servicer impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in such Receivable, nor shall the Servicer increase the number of scheduled payments due under a Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Citigroup Vehicle Securities Inc)
