Lease Files. The Servicer will, at its own cost and expense, maintain all Lease Files, as custodian for the Lender. Without limiting the generality of the preceding sentence, the Servicer (i) will not dispose of any documents constituting the Lease Files in any manner which is inconsistent with the performance of its obligations as the Servicer pursuant to this Agreement and will not dispose of any original Lease except as expressly contemplated by this Agreement or the Credit Agreement, (ii) will maintain the Lease Files in a manner which, with the assistance of the information set forth in the List of Leases, will permit the Lease Files to be identified and segregated from other documents in the Servicer's possession which relate to leases or other contracts or property which are not Leases or Equipment and (iii) will not permit any Person other than the Lender and the Servicer to maintain possession of, or any Lien (other than a Permitted Lien) upon, any Lease Files (other than any Lease Files which relate solely to an Early Termination Lease, an Expired Lease or a Repurchased Lease and/or the related Equipment).
Appears in 2 contracts
Samples: Servicing Agreement (Trans Leasing International Inc), Servicing Agreement (Trans Leasing International Inc)
Lease Files. The Servicer will, at its own cost and expense, maintain all Lease Files, as custodian for the LenderIssuer and the Indenture Trustee and for the benefit of the Noteholders. Without limiting the generality of the preceding sentence, the Servicer (i) will not dispose of any documents constituting the Lease Files in any manner which is inconsistent with the performance of its obligations as the Servicer pursuant to this Agreement and will not dispose of any original Original Lease except as expressly contemplated by this Agreement or the Credit Agreement, (ii) will maintain the Lease Files in a manner which, with the assistance of the information set forth in the List of Leases, will permit the Lease Files to be identified and segregated from other documents in the Servicer's possession which relate to leases or other contracts or property which are not Leases or Equipment and (iii) will not permit any Person other than the Lender Issuer, the Indenture Trustee and the Servicer to maintain possession of, or any Lien (other than a Permitted Lien) upon, any Lease Files (other than any Lease Files which relate solely to an Early Early-Termination Lease, an Expired Lease or a Repurchased Lease and/or the related Equipment).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Trans Leasing International Inc)
Lease Files. The Servicer will, at its own cost and expense, maintain all Lease Files, as custodian for the LenderIssuer and the Indenture Trustee and for the benefit of the Noteholders. Without limiting the generality of the preceding sentence, the Servicer (i) will not dispose of any documents constituting the Lease Files in any manner which is inconsistent with the performance of its obligations as the Servicer pursuant to this Agreement and will not dispose of any original Original Lease except as expressly contemplated by this Agreement or the Credit Agreement, (ii) will maintain the Lease Files in a manner which, with the assistance of the information set forth in the List of Leases, will permit the Lease Files to be identified and segregated from other documents in the Servicer's possession which relate to leases or other contracts or property which are not Leases or Equipment and (iii) will not permit any Person other than the Lender Issuer, the Indenture Trustee and the Servicer to maintain possession of, or any Lien (other than a Permitted Lien) upon, any Lease Files (other than any Lease Files which relate solely to an Early Termination Lease, an Expired Lease or a Repurchased Lease and/or the related Equipment).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Tl Lease Funding Corp Iv)