General Covenants of the Seller Sample Clauses

General Covenants of the Seller. 20 Section 5.01. Affirmative Covenants of the Seller.................................................20 Section 5.02. Reporting Requirements of the Seller................................................21 Section 5.03. Negative Covenants of the Seller....................................................22
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General Covenants of the Seller. 44 Section 5.1
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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
Sample 1
General Covenants of the Seller. 5.01. Affirmative Covenants of the Seller..............................................................16 5.02. Negative Covenants of the Seller.................................................................19
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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...
Sample 1
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).
Sample 1
General Covenants of the Seller. (a) The Seller hereby agrees to notify the Purchaser Agent, as soon as possible, and in any event within five (5) days after notice to the Seller, of (a) the occurrence of any Termination Event, (b) any fact, condition or event which, with the giving of notice or the passage of time or both, could become a Termination Event, (c) the failure of the Seller to observe any of its material undertakings under the Basic Documents, or (d) any change in the status or condition of the Seller or the Mortgage Loans in the aggregate that would reasonably be expected to adversely affect the Seller’s ability to perform its obligations under the Basic Documents. (b) The Seller and each Purchaser agrees not to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the Act) that would be integrated with the sale of the Securities in a manner that would require the registration under the Act of the sale to the Purchasers of the Securities.
Sample 1
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:
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