Covenants of the Transferor and BMW FS. The Transferor and BMW -------------------------------------- FS jointly and severally covenant with each Underwriter as follows:
Covenants of the Transferor and BMW FS Sample Clauses
Related to Covenants of the Transferor and BMW FS
Covenants of the Transferor The Transferor hereby covenants that:
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 Purchasers Each Purchaser covenants and agrees with the Company as follows:
Representations and Warranties of the Transferor and the Transferee (a) The Transferor hereby represents and warrants to the Transferee as of the date of this Agreement and the Closing Date that:
Covenants of the Vendor The Vendor covenants and agrees with the Purchaser as follows:
Covenants of the Purchaser The Purchaser covenants and agrees with the Company 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 The Master Servicer hereby covenants to the Depositor and the Trustee as follows:
Covenants of the Fund and the Transfer Agent 11.1 The Fund shall promptly furnish to the Transfer Agent the following:
Covenants of the Trust The Trust covenants and agrees to the following:
