Common use of Further Assurances; Certain Waivers Clause in Contracts

Further Assurances; Certain Waivers. (a) The Authority shall, within five (5) Business Days following receipt of prior written request, and at the expense of the Servicer, provide to the Depositary Bank and the Collateral Agent all information and evidence either may reasonably request concerning the Accounts and monies therein to enable the Depositary Bank and the Collateral Agent to enforce the provisions of this Agreement and the Sale Documents, respectively. (b) The Authority hereby waives, to the maximum extent permitted by Applicable Law, (i) all rights under any law limiting remedies, (ii) all rights of reimbursement or subrogation and all rights to participate in any amounts held by the Depositary Bank hereunder until the Termination Date has occurred, (iii) all rights to require the Depositary Bank to give any notices of any kind, (iv) all rights to assert the bankruptcy or insolvency of the Trust or the Authority as a defense hereunder or as the basis for rescission hereof, (v) all rights under any law purporting to reduce its obligations hereunder (other than as a result of the Termination Date), and (vi) all defenses based on the disability or lack of authority of the Trust, the Authority or any Person, the repudiation of any Sale Documents by the Trust, the Authority or any Person, as applicable, the failure by the Collateral Agent or the Trust to enforce any claim against the Authority, or the unenforceability in whole or in part of any of the Sale Documents.

Further Assurances; Certain Waivers. (a) The Authority shall, within five (5) Business Days following receipt of prior written request, and at the expense of the Servicer, provide to the Depositary Bank and the Collateral Agent all information and evidence either may reasonably request concerning the Accounts and monies therein to enable the Depositary Bank and the Collateral Agent to enforce the provisions of this Agreement and the Sale Documents, respectively. (b) The Authority hereby waives, to the maximum extent permitted by Applicable Law, (i) all rights under any law limiting remedies, (ii) all rights of reimbursement or subrogation and all rights to participate in any amounts held by the Depositary Bank hereunder until the Termination Date has occurred, (iiiii) all rights to require the Depositary Bank to give any notices of any kind, (iviii) all rights to assert the bankruptcy or insolvency of the Trust or the Authority as a defense hereunder or as the basis for rescission hereof, (v) all rights under any law purporting to reduce its obligations hereunder (other than as a result of the Termination Date), and (viiv) all defenses based on the disability or lack of authority of the Trust, the Authority or any Person, the repudiation of any Sale Documents by the Trust, the Authority or any Person, as applicable, the failure by the Collateral Agent or the Trust to enforce any claim against the Authority, or the unenforceability in whole or in part of any of the Sale Documents.

Further Assurances; Certain Waivers. (a) The Authority shall, within five (5) Business Days following receipt of prior written request, and at the expense of the Servicer, provide to the Depositary Bank and the Collateral Agent all information and evidence either may reasonably request concerning the Accounts and monies therein to enable the Depositary Bank and the Collateral Agent to enforce the provisions of this Agreement and the Sale Documents, respectively. (b) The Authority hereby waives, to the maximum extent permitted by Applicable Law, (i) all rights [under any law limiting remedies, (ii) all rights ]of reimbursement or subrogation and all rights to participate in any amounts held by the Depositary Bank hereunder until the Termination Date has occurred, (iii[iii]ii) all rights to require the Depositary Bank to give any notices of any kind, (iv[iv]iii) all rights to assert the bankruptcy or insolvency of the Trust or the Authority as a defense hereunder or as the basis for rescission hereof, [(v) all rights under any law purporting to reduce its obligations hereunder (other than as a result of the Termination Date), and (vivi]and (iv) all defenses based on the disability or lack of authority of the Trust, the Authority or any Person, the repudiation of any Sale Documents by the Trust, the Authority or any Person, as applicable, the failure by the Collateral Agent or the Trust to enforce any claim against the Authority, or the unenforceability in whole or in part of any of the Sale Documents.