Common use of Indebtedness of Seller Clause in Contracts

Indebtedness of Seller. Seller shall provide written notice to the Rating Agencies at least thirty (30) days prior to the date it incurs any material indebtedness or assumes or guarantees any material indebtedness of any other entity in connection with the acquisition or transfer of receivables (other than the Receivables) or the issuance and sale of securities (other than the Notes and Certificates) secured by or evidencing beneficial ownership interests in such receivables, or any other activity set forth in paragraph 3 of its certificate of incorporation or incurs any material, non-incidental indebtedness in connection with the accomplishment of any of the foregoing.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Amsouth Auto Corp Inc), Sale and Servicing Agreement (Key Consumer Acceptance Corp), Sale and Servicing Agreement (Key Consumer Acceptance Corp)

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Indebtedness of Seller. Seller shall provide written notice to the Rating Agencies at least thirty (30) days prior to the date it incurs any material indebtedness or assumes or guarantees any material indebtedness of any other entity in connection with the acquisition or transfer of receivables (other than the Receivables) or the issuance and sale of securities (other than the Notes and Certificates) secured by or evidencing beneficial ownership interests in such receivables, or any other activity set forth in paragraph 3 Section _____ of its certificate of incorporation limited liability company agreement or incurs any material, non-incidental indebtedness in connection with the accomplishment of any of the foregoing.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (Capital One Auto Receivables LLC)

Indebtedness of Seller. Seller shall provide written notice to the Rating Agencies at least thirty (30) days prior to the date it incurs any material indebtedness or assumes or guarantees any material indebtedness of any other entity in connection with the acquisition or transfer of receivables (other than the Receivables) or the issuance and sale of securities (other than the Notes and Certificates) secured by or evidencing beneficial ownership interests in such receivables, or any other activity set forth in paragraph 3 Section _____ of its certificate of incorporation by-laws or incurs any material, non-non- incidental indebtedness in connection with the accomplishment of any of the foregoing.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Wells Fargo Auto Receivables Corp)

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Indebtedness of Seller. Seller shall provide written notice to the Rating Agencies at least thirty (30) days prior to the date it incurs any material indebtedness or assumes or guarantees any material indebtedness of any other entity in connection with the acquisition or transfer of receivables (other than the Receivables) or the issuance and sale of securities (other than the Notes and Certificates) secured by or evidencing beneficial ownership interests in such receivables, or any other activity set forth in paragraph 3 Section _____ of its certificate of incorporation limited liability company agreement or incurs any material, non-non- incidental indebtedness in connection with the accomplishment of any of the foregoing.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Amsouth Auto Receivables LLC)

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