Lien in Force. The Servicer shall not release or assign any Lien in favor of the Trustee on any item of Equipment related to any Contract in whole or in part, except as expressly permitted hereunder.
Appears in 4 contracts
Samples: Master Facility Agreement (Advanta Leasing Receivables Corp Ix), Master Facility Agreement (Advanta Leasing Receivables Corp Ix), Master Facility Agreement (Advanta Business Services Corp)
Lien in Force. The Servicer shall not release or assign any Lien in favor of the Indenture Trustee on any item of Equipment related to or Contract or any Contract other Collateral in whole or in part, except in accordance with its Servicing Standard or as expressly permitted hereunderotherwise provided herein. The Servicer shall use commercially reasonable efforts to remove, or to cause the related Obligor to remove, any Liens on the Pledged Property other than the Lien created pursuant to the Indenture or other liens which do not constitute Adverse Claims.
Appears in 2 contracts
Samples: Servicing Agreement (HPSC Inc), Servicing Agreement (HPSC Inc)
Lien in Force. The Servicer shall not release or assign any Lien in favor of the Trustee on any Contract, item of Equipment or other Related Security related to any Contract in whole or in part, except as expressly permitted hereunder.
Appears in 2 contracts
Samples: Financing Facility Agreement (Marlin Business Services Inc), Marlin Business Services Inc
Lien in Force. The Servicer shall not release or assign any Lien in favor of the Trustee on any item of Equipment related to any Contract Lease in whole or in part, except as expressly permitted hereunderprovided herein. The Servicer shall use its best efforts to remove, or to cause the related User to remove, any Liens on the Trust Estate other than the Lien created hereby.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
