Common use of Issuer's Obligations Absolute Clause in Contracts

Issuer's Obligations Absolute. Nothing contained in this Indenture shall impair, as between the Issuer and the Indenture Trustee, the obligation of the Issuer to pay to the Indenture Trustee all amounts payable in respect of the Notes as and when the same shall become due and payable in accordance with the terms hereof, or prevent the Indenture Trustee from exercising all rights, powers and remedies otherwise permitted by this Indenture and by applicable law upon an Event of Default under this Indenture.

Appears in 3 contracts

Samples: Indenture (Auto Nations Receivables Corp), Indenture (Auto Nations Receivables Corp), Indenture (Auto Nations Receivables Corp)

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Issuer's Obligations Absolute. Nothing contained in ----------------------------- this Indenture shall impair, as between the Issuer and the Indenture Trustee, the obligation of the Issuer to pay to the Indenture Trustee all amounts payable in respect of the Notes as and when the same shall become due and payable in accordance with the terms hereof, or prevent the Indenture Trustee from exercising all rights, powers and remedies otherwise permitted by this Indenture and by applicable law upon an Event of Default under this Indenture.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

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