COVENANTS OF THE CERTIFICATE HOLDERS Sample Clauses

COVENANTS OF THE CERTIFICATE HOLDERS. Each Certificate Holder hereby agrees that so long as this Participation Agreement is in effect until expiration or earlier termination of the Master Lease, it will not, and will not cause or direct the Owner Trustee to, terminate the Trust Agreement without the prior written consent of the Lessee.
Sample 1
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COVENANTS OF THE CERTIFICATE HOLDERS. Each Certificate Holder hereby agrees that so long as this Participation Agreement is in effect (unless a Lease Event of Default shall have occurred and be continuing) until expiration or earlier termination of the Master Lease, it will not, and will not cause or direct the Trustee to, terminate or amend the Trust Agreement so that there is a Material Adverse Affect for Lessee, except if there is a Lease Event of Default, without the prior written consent of the Lessee. Notwithstanding the foregoing, the Certificate Holders may, pursuant to Section 12.15 of the Trust Agreement, change the name of the Trust.
Sample 1

Related to COVENANTS OF THE CERTIFICATE HOLDERS

  • Covenants of the Certificateholders Each Certificateholder agrees:

  • Covenants of the Certificateholder The Certificateholder agrees:

  • 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:

  • Negative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, that:

  • Covenants of the Transferor The Transferor hereby covenants that:

  • Affirmative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, as set forth below:

  • Negative Covenants of the Seller From the date hereof until the Collection Date:

  • 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.

  • Negative Covenants of the Servicer From the Closing Date until the Collection Date:

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