Jurisdiction of Incorporation. The Seller shall have an obligation to give the Security Insurer, the Owner Trustee and the Trustee at least 60 days’ prior written notice of any change of the Seller’s “location” (determined as provided in Section 9-307 of the UCC or any successor provision) or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment.
Appears in 3 contracts
Samples: Purchase Agreement (Franklin Auto Trust 2003-2), Purchase Agreement (Franklin Auto Trust 2004-1), Purchase Agreement (Franklin Receivables Auto Trust 2003-1)
Jurisdiction of Incorporation. The Each Seller shall have an obligation to give the Security InsurerOwner Trustee, the Owner Indenture Trustee and the Trustee Indenture Administrator at least 60 days’ prior written notice of any change of the Seller’s its “location” (determined as provided in Section 9-307 of the UCC or any successor provision) or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment.
Appears in 2 contracts
Samples: Purchase Agreement (Franklin Auto Trust 2008-A), Purchase Agreement (Franklin Auto Trust 2005-1)
Jurisdiction of Incorporation. The Each Seller shall have an obligation to give the Security Insurer, the Owner Trustee and the Indenture Trustee at least 60 days’ prior written notice of any change of the Seller’s its “location” (determined as provided in Section 9-307 of the UCC or any successor provision) or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment.
Appears in 2 contracts
Samples: Purchase Agreement (Franklin Auto Trust 2007-1), Purchase Agreement (Franklin Auto Trust 2006-1)
Jurisdiction of Incorporation. The Seller shall have an obligation to give the Security Insurer, the Owner Trustee and the Trustee at least 60 days’ prior written notice of any change of the Seller’s “location” (determined as provided in Section 9-9 307 of the UCC or any successor provision) or jurisdiction of organization if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall promptly file any such amendment.
Appears in 1 contract
