General Covenants of the Seller. SECTION 5.01. Affirmative Covenants of the Seller............................................................... 15 SECTION 5.02. Reporting Requirements of the Seller.............................................................. 15 SECTION 5.03. Negative Covenants of the Seller.................................................................. 15
General Covenants of the Seller. Section 5.01 Affirmative Covenants of the Seller 10 Section 5.02 Reporting Requirements of the Seller 11 Section 5.03 Negative Covenants of the Seller 13
General Covenants of the Seller. 44 Section 5.1
General Covenants of the Seller. SECTION 5.01. Affirmative Covenants of the Seller 27 SECTION 5.02. Reporting Requirements of the Seller 28 SECTION 5.03. Negative Covenants of the Seller 29 ARTICLE VI ADMINISTRATION AND COLLECTION
SECTION 6.01. Designation of Collection Agent 30 SECTION 6.02. Duties of Collection Agent 30 SECTION 6.03. Rights of the Agent 31 SECTION 6.04. Responsibilities of the Seller 32 SECTION 6.05. Further Action Evidencing Purchases 32
General Covenants of the Seller. 16 SECTION 5.01 Affirmative Covenants of the Seller.....................16
(a) Compliance with Agreements and Applicable Laws..........16 (b) Maintenance of Existence and Conduct of Business....... 16 (c) Deposit of Collections..................................16 (d) Use of Proceeds.........................................16 (e) Payment, Performance and Discharge of Obligations.......17 (f) ERISA.................................................. 17 (g) Year 2000 Compliance....................................17 SECTION 5.02 Reporting Requirements of the Seller................... 17 SECTION 5.03 Negative Covenants of the Seller........................17
General Covenants of the Seller. Section 5.1 Affirmative Covenants of the Seller Until the Collection Date, the Seller will:
(a) Compliance with Laws, Etc. Comply in all material respects with all applicable laws, rules, regulations and orders with respect to it, its business and properties and all Pool Receivables and related Contracts, Related Security and Collections with respect thereto, including without limitation the payment before the same becomes delinquent of all material taxes, assessments and governmental charges imposed upon the Seller or its property except to the extent contested in good faith and by proper proceedings and for which it is maintaining adequate reserves in accordance with generally accepted accounting principles (unless such non-payment could subject the Facility Agent or any other Indemnified Party to civil or criminal penalty or liability or involve any material risk of the sale, forfeiture or loss of any of the property, rights or interests covered hereunder).
General Covenants of the Seller. 7 Section 1. Affirmative Covenants of the Seller...........
General Covenants of the Seller. Until the date on which all Aggregate Unpaids following the Termination Date or Program Termination Date have been indefeasibly paid in full, the Seller hereby covenants that:
General Covenants of the Seller. 5.01. Affirmative Covenants of the Seller..............................................................16 5.02. Negative Covenants of the Seller.................................................................19
General Covenants of the Seller. The Seller covenants with the Trust:
(a) to preserve and maintain its existence, rights, franchises and privileges and qualify and remain qualified to carry on business in each jurisdiction, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect;
(b) to provide the Trust with at least 10 Business Days prior notice of any change to its name or the location of its chief executive office;
(c) to comply in all respects with all Applicable Laws (including privacy laws) relating to the Seller, the Securitized Leases and the Securitized Equipment, except where the failure to do so would not have a Material Adverse Effect;
(d) to not sell, assign (by operation of law or otherwise) or dispose of any part of the Securitized Leases or Securitized Equipment or create or suffer to exist any Security Interest upon or with respect to any of the Securitized Leases or Securitized Equipment except for Permitted Liens;
(e) to permit the Trust, the Indenture Trustee or a Replacement Servicer, from time to time during normal business hours and on two Business Days prior written notice, to inspect, audit, check and make abstracts from the Seller’s books, accounts, records or other papers pertaining to the Securitized Leases or Securitized Equipment;
(f) to make notations in its books, records, documents and instruments relating to the Securitized Leases or Securitized Equipment to evidence the interest of the Trust therein;
(g) to, from time to time at its expense, promptly execute and deliver all instruments and documents and make or cause to be made all filings, recordings, registrations and take all other actions in each Relevant Jurisdiction necessary to validate, preserve, perfect or protect the ownership interest of the Trust in the Securitized Leases and Lease Rights and the Securitization Security Interests; provided that neither the Seller nor the Servicer shall be required, whether under this paragraph (g) or otherwise, to amend any registrations or make new registrations against any Obligors to reflect any of the transactions contemplated herein or in the LP Transfer Agreements, unless such amendments or new registrations are required under Applicable Law in order to ensure the continued perfection of the Trust’s interest in the Securitized Leases and Lease Rights and the Securitization Security Interests;
(h) to maintain the Trust as a loss payee, as its interest may appear, or an additional named insured under all polic...
