Filing of Continuation Statements Sample Clauses

Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Loan Originator and the Depositor, respectively, with respect to the assets conveyed to the Trust, the Loan Originator and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Loan Originator and the Depositor, respectively, and the Loan Originator and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Trust has terminated pursuant to Section 9.1 of the Trust Agreement. The Indenture Trustee agrees to reasonably cooperate with the Loan Originator and the Depositor in preparing, executing and filing such statements, at the expense of the Loan Originator or the Depositor, as applicable; provided, however, that the Indenture Trustee shall have no responsibility to prepare or file such statements. The Servicer agrees to notify the Loan Originator and the Depositor on the third Payment Date prior to each such fifth anniversary of the requirement that they file such financing and continuation statements. The filing of any such statement with respect to the Loan Originator and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in SECTION 2.03 hereof. If the Loan Originator or the Depositor has ceased to do business whenever any such financing and continuation statements must be filed or the Loan Originator or the Depositor fails to file any such financing statements or continuation statements at least one month prior to the expiration thereof, each of the Loan Originator and the Depositor does hereby make, constitute and appoint the Indenture Trustee its attorney-in-fact, with full power and authority, to execute and file in the Depositor's name and on the Depositor's behalf and at the Depositor's expense any such financing statements or continuation statements required under this SECTION 4.04.
AutoNDA by SimpleDocs
Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Transferor and the Depositor, respectively, with respect to the assets conveyed to the Grantor Trustee or to the Owner Trust, the Transferor and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor and the Depositor, respectively, the Transferor and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Owner Trust and Grantor Trust have terminated pursuant to Section 9.1 of the Owner Trust Agreement and Section 7.01 of the Grantor Trust Agreement, respectively. The Indenture Trustee and Grantor Trustee agree to cooperate with the Transferor and the Depositor in preparing, executing and filing such statements. The Indenture Trustee and Grantor Trustee agree to notify the Transferor and the Depositor on the third Payment Date prior to each such fifth anniversary of the requirement that they file such financing and continuation statements. The filing of any such statement with respect to the Transferor and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof and Section 2.04
Filing of Continuation Statements. The Servicer shall prepare and file such continuation statements and any other documents requested by the Trustee, the Transferor or any of the Certificateholders or which may otherwise be required by law to fully preserve and protect the interest of the Trustee, the Transferor or any of the Certificateholders hereunder in and to the Receivables. Pooling and Servicing Agreement
Filing of Continuation Statements. Section 4.05
Filing of Continuation Statements. On or before the fifth (or twelfth, as appropriate) anniversary of the filing of any financing statements by the Transferor and the Depositor, respectively, with respect to the assets conveyed to the Owner Trustee or to the Owner Trust, the Transferor and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions at their expense all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor and the Depositor, respectively, the Transferor and the Depositor shall continue to file on or before each fifth (or twelfth) anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Trust has terminated pursuant to Section 9.1 of the Owner Trust Agreement. The Indenture Trustee and Owner Trustee agree to cooperate with the Transferor and the Depositor in preparing, executing and filing such statements. The filing of any such statement with respect to the Transferor and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof and Section 2.04
Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by Mego and the Depositor, respectively, with respect to the assets conveyed to the Trustee, Mego and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests, and priorities of such liens and security interests that have been granted by Mego and the Depositor, respectively, and Mego and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Trust has terminated pursuant to Section 9.01. Subject to Section 8.03, the Trustee agrees to cooperate with Mego and the Depositor in preparing, executing and filing such statements. The Trustee agrees to notify Mego and the Depositor on the third Distribution Date prior to each such fifth anniversary of the requirement to file such financing and continuation statements. The filing of any such statement with respect to Mego and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 10.09. If Mego or the Depositor has ceased to do business whenever any such financing and continuation statements must be filed or Mego or the Depositor fails to file any such financing statements or continuation statements at least one month prior to the expiration thereof, the Trustee shall perform the services required under this Section 3.19.
Filing of Continuation Statements. The Trustee shall file all such continuation statements as are necessary to preserve the first-lien perfected security interest of the Trustee in and to the Trust Estate.
AutoNDA by SimpleDocs
Filing of Continuation Statements. On or before the fifth (or twelfth, as appropriate) anniversary of the filing of any financing statements by the Transferor and the Depositor, respectively, with respect to the assets conveyed to the Owner Trustee or to the Owner Trust, the Transferor and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions at their expense all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor and the Depositor, respectively, the Transferor and the Depositor shall continue to file on or before each fifth (or twelfth) anniversary
Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by Mego and the Depositor, respectively, with respect to the assets conveyed to the Trust, Mego and
Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by Cityscape and the Depositor, respectively, with respect to the assets conveyed to the Trust, Cityscape and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests, and priorities of such liens and security interests that have been granted by Cityscape and the Depositor, respectively, and Cityscape and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Trust has terminated pursuant to Section 9.1 of the Trust Agreement. The Indenture Trustee agrees to cooperate with Cityscape and the Depositor in preparing, executing and filing such statements. The Indenture Trustee agrees to notify Cityscape and the Depositor on the third Distribution Date prior to each such fifth anniversary of the requirement to file such financing and continuation statements. The filing of any such statement with respect to Cityscape and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.04 hereof. If Cityscape or the Depositor has ceased to do business whenever any such financing and continuation statements must be filed or Cityscape or the Depositor fails to file any such financing statements or continuation statements at least one month prior to the expiration thereof, the Indenture Trustee shall perform the services required under this Section 4.13. 61 66 ARTICLE V.
Time is Money Join Law Insider Premium to draft better contracts faster.