Covenants Regarding Operations. 8 Section 2.10. Appointment of Delaware Trustee.............................13 Section 2.11. Federal Income Tax Allocations..............................13 Section 2.12. Administration..............................................13 Section 2.13. Additional Contributions....................................13 Section 2.14. Principal Place of Business.................................13 Section 2.15. Liability of the Certificateholders and the Delaware Trustee............................................13
Covenants Regarding Operations. The Transferor shall:
Covenants Regarding Operations. Notwithstanding anything to the contrary herein, or any power conferred on the Delaware Trustee pursuant to this Trust Agreement or the Delaware Statutory Trust Act, so long as the Indenture has not terminated in accordance with its terms:
Covenants Regarding Operations. (a) Notwithstanding any other provision to the contrary in this Trust Agreement or any other agreement, document or instrument executed by the Trust and notwithstanding any prior termination of this Trust Agreement and to the fullest extent permitted by law, the Certificateholders shall not take or authorize any Bankruptcy Action.
Covenants Regarding Operations. (a) Subject to Section 5.06 hereof, and notwithstanding any prior termination of this Trust Agreement, to the fullest extent permitted by law, none of the Delaware Trustee, the Administrator or the Certificateholders shall take or authorize any Bankruptcy Action.
Covenants Regarding Operations. (i) The Seller shall not engage in any business or activity other than in connection with or relating to the purchase of auto loan receivables and the issuance of rated debt secured by, or certificates of participation in, a pool of auto loan receivables.
Covenants Regarding Operations. (a) The Originator shall not engage in any business or activity other than in connection with or relating to the issuance of the Class __ [Certificates] [Notes], except as otherwise may be permitted herein or in the Articles of Incorporation of the Originator.
Covenants Regarding Operations. (a) Notwithstanding any other provision to the contrary of this Trust Agreement or any other agreement, document or instrument executed by the Trust and notwithstanding any prior termination of this Trust Agreement, the Certificateholders shall not take or authorize any Bankruptcy Action.
Covenants Regarding Operations. Tenant covenants and agrees as follows.
Covenants Regarding Operations. During the period following the execution of this Agreement until the earlier of (i) the termination of this Agreement, or (ii) the Closing, Seller agrees that it shall not take any action that would cause any of its representations or warranties to become true or incorrect and shall give prompt notice to Buyer of any fact, event or circumstance Known to it that individually or taken together with all other facts, events and circumstances Known to it, has had or is reasonably likely to have, individually or in the aggregate, that would cause or constitute a breach of any of its representations, warranties, covenants or agreements contained herein.
