Maintain Interest Sample Clauses

Maintain Interest. (i) It shall, with respect to any and all Purchased Contracts and security interests in Vehicles sold hereunder, at its expense, perform all acts and execute all documents requested by Recco, the Servicer, the Collateral Agent, the Surety Provider, the Administrative Agent or any Group Agent as the case may be, at any time to evidence, perfect, maintain and enforce the ownership interest and security interest, respectively, of Recco and the Collateral Agent therein and the first priority of such ownership interest and security interest, respectively. It will, at the request of a duly authorized officer of Recco, the Servicer, the Collateral Agent, the Surety Provider, any Group Agent, or the Administrative Agent, prepare and deliver financing statements evidencing the ownership interest of Recco in all of the foregoing, which financing statements must be satisfactory in form and substance to the Administrative Agent, each Group Agent and the Surety Provider, and the Seller authorizes Recco to file one or more financing statements. It also hereby irrevocably appoints Recco its attorney-in-fact to file one or more financing statements on behalf of the Seller. (ii) It will not, without providing 30 days' notice to Recco, the Collateral Agent, the Surety Provider, the Administrative Agent, each Group Agent, and without filing such new financing statements or such amendments to any previously filed financing statements as Recco, the Servicer, the Collateral Agent, the Surety Provider, the Administrative Agent or any each Group Agent may require, (A) change, without limiting the provisions of Section 4.3(q), its state of incorporation or (B) change its name, identity or corporate structure in any manner which might make any financing statement or continuation statement filed by it pursuant to the transactions contemplated hereby seriously misleading within the meaning of 9-506 (or any successor provision) of any applicable enactment of the UCC. (iii) It will not change its principal place of business or its chief executive office or the location of the office where the Files relating to the Contracts are kept to a location outside the United States.
Sample 1
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Maintain Interest. (i) It shall, with respect to any and all Purchased Contracts and security interests in Vehicles sold hereunder, at its expense, perform all acts and execute all documents requested by Fincx xx the Program Manager, as the case may be, at any time to evidence, perfect, maintain and enforce the ownership interest and security interest, respectively, of Fincx xxx the Program Manager therein and the first priority of such ownership interest and security interest, respectively. It will, at the request of a duly
Sample 1
Maintain Interest. (1) It shall, with respect to any and all Purchased Contracts and security interests in Vehicles sold hereunder, at its expense, perform all acts and execute all documents requested by Recco, the Surety Provider or the Funding Agent, as the case may be, at any time to evidence, perfect, maintain and enforce the ownership interest and security interest, respectively, of Recco and the Funding Agent therein and the first priority of such ownership interest and security interest, respectively. It will, at the request of a duly authorized officer of Recco or the Funding Agent or the Surety Provider, execute and deliver financing statements evidencing the ownership interest of Recco in all of the foregoing, which financing statements must be satisfactory in form and substance to the Funding Agent and the Surety Provider, and the Seller authorizes Recco to file one or more financing statements signed only by Recco. It also hereby irrevocably appoints Recco its attorney-in-fact to file one or more financing
Sample 1

Related to Maintain Interest

  • Maintain Insurance The Credit Parties’ shall at all times insure and keep insured with insurance companies acceptable to Lender, all insurable property owned by the Credit Parties which is of a character usually insured by companies similarly situated and operating like properties, against loss or damage from environmental, fire and such other hazards or risks as are customarily insured against by companies similarly situated and operating like properties; and shall similarly insure employers’, public and professional liability risks. Prior to the date of the funding of any Loans under this Agreement, Borrower shall deliver to Lender a certificate setting forth in summary form the nature and extent of the insurance maintained pursuant to this Section. All such policies of insurance must be satisfactory to Lender in relation to the amount and term of the Obligations and type and value of the Collateral and assets of the Credit Parties, shall identify Lender as sole/lender’s loss payee and as an additional insured. In the event the Credit Parties fail to provide Lender with evidence of the insurance coverage required by this Section or at any time hereafter shall fail to obtain or maintain any of the policies of insurance required above, or to pay any premium in whole or in part relating thereto, then Lender, without waiving or releasing any obligation or default by Borrower hereunder, may at any time (but shall be under no obligation to so act), obtain and maintain such policies of insurance and pay such premium and take any other action with respect thereto, which Lender deems advisable. This insurance coverage: (i) may, but need not, protect the Credit Parties’ interest in such property, including, but not limited to, the Collateral; and (ii) may not pay any claim made by, or against, the Credit Parties in connection with such property, including, but not limited to, the Collateral. The Credit Parties may later cancel any such insurance purchased by Lender, but only after providing Lender with evidence that the insurance coverage required by this Section is in force. The costs of such insurance obtained by Lender, through and including the effective date such insurance coverage is canceled or expires, shall be payable on demand by the Credit Parties to Lender, together with interest at the Default Rate on such amounts until repaid and any other charges by Lender in connection with the placement of such insurance. The costs of such insurance, which may be greater than the cost of insurance which the Credit Parties may be able to obtain on its own, together with interest thereon at the Default Rate and any other charges by Lender in connection with the placement of such insurance may be added to the total Obligations due and owing to the extent not paid by the Credit Parties.

  • Certain Interests (a) Except as set forth in Section 4.18(a) of the STC Disclosure Schedule, no officer or director (excluding outside directors) of STC or any STC Subsidiary, and no relative or spouse (or relative of such spouse) who resides with, or is a dependent of, any such officer or director: (i) has any direct or indirect financial interest in any competitor of STC; provided, however, that the ownership of securities representing no more than two percent of the outstanding voting power of any competitor, supplier or customer, and which are also listed on any national securities exchange or traded actively in the national over-the- counter market, shall not be deemed to be a "financial interest" so long as the person owning such securities has no other connection or relationship with such competitor, supplier or customer; (ii) owns, directly or indirectly, in whole or in part, or has any other interest, in any tangible or intangible property which STC or any STC Subsidiary uses in the conduct of its business or otherwise; or (iii) has outstanding any indebtedness to STC or any STC Subsidiary. (b) Except as set forth in Section 4.18(b) of the STC Disclosure Schedule, neither STC nor any STC Subsidiary has any liability or any other obligation of any nature whatsoever to any officer, director or shareholder of STC or any STC Subsidiary, or to any relative or spouse (or relative of such spouse) who resides with, or is a dependent of, any such officer, director or shareholder, other than immaterial liabilities and obligations incurred in the ordinary course of business which are reflected in the STC Reports or with respect to which adequate reserves have been taken.

  • Maintain Properties Maintain all properties necessary to its operations in good working order and condition, make all needed repairs, replacements and renewals to such properties, and maintain free from Liens all trademarks, trade names, patents, copyrights, trade secrets, know-how, and other intellectual property and proprietary information (or adequate licenses thereto), in each case as are reasonably necessary to conduct its business as currently conducted or as contemplated hereby, all in accordance with customary and prudent business practices.

  • Failure to Maintain Insurance Failure on the part of the Consultant to maintain the insurance as required shall constitute a material breach of agreement, upon which the City may, after giving five business days’ notice to the Consultant to correct the breach, immediately terminate the agreement or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City, offset against funds due the Consultant from the City.

  • Maintain Property Maintain, preserve, and protect all leases, franchises, and trade names and preserve all of its properties used or useful in the conduct of its business in a sound and prudent manner, keep the same in good repair, working order and condition, ordinary wear and tear excepted, and from time to time make, or cause to be made, all needed and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly conducted at all times.

  • Corporate Proceedings All corporate proceedings and other legal matters necessary to carry out the provisions of this Agreement and the transactions contemplated hereby shall have been done to the reasonable satisfaction to counsel for the Underwriters.

  • Maintain Existence It will preserve and maintain its existence, rights, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in good standing as a foreign trust or limited liability company in each jurisdiction where its business is conducted, and will obtain and maintain all requisite authority to conduct its business in each jurisdiction in which its business requires such authority.

  • Registered Office; Registered Agent; Principal Office; Other Offices Unless and until changed by the General Partner, the registered office of the Partnership in the State of Delaware shall be located at 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000, and the registered agent for service of process on the Partnership in the State of Delaware at such registered office shall be The Corporation Trust Company. The principal office of the Partnership shall be located at 0000 XxXxxxxx Xxxxxx, Houston, Texas 77010, or such other place as the General Partner may from time to time designate by notice to the Limited Partners. The Partnership may maintain offices at such other place or places within or outside the State of Delaware as the General Partner determines to be necessary or appropriate. The address of the General Partner shall be 0000 XxXxxxxx Xxxxxx, Houston, Texas 77010, or such other place as the General Partner may from time to time designate by notice to the Limited Partners.

  • Principal and Registered Office The Partnership will have its principal office at the principal office of the General Partner or at any other place designated from time to time by the General Partner. The Partnership’s registered agent in the State of Delaware shall be The Corporation Trust Company, and the Partnership’s registered office in the State of Delaware at Corporation Trust Center, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000 unless the General Partner designates a different registered agent or office from time to time in accordance with the Delaware Act.

  • Name and Principal Place of Business The name of the Company shall be [NAME OF COMPANY], LLC with a principal place of business located at [PRINCIPAL PLACE OF BUSINESS] or at any other such place of business that the Member(s) shall determine.

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