COVENANTS OF MORTGAGOR Mortgagor covenants and agrees as follows:
Additional Covenants of Tenant If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall, within five (5) business days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this ARTICLE 27, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease, the same shall constitute an Event of Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance.
Affirmative Covenants of the Servicer From the Closing Date until the Collection Date:
Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:
Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.
Additional Covenants of the Parties Section 7.1.
Affirmative Covenants of the Collateral Custodian From the Closing Date until the Collection Date:
Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:
Negative Covenants of the Servicer From the Closing Date until the Collection Date:
AFFIRMATIVE COVENANTS OF BORROWER Borrower agrees with and covenants unto Lender that until the Loan Obligations have been paid in full, Borrower shall:
