Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, Originator hereby covenants that:
Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, Originator hereby covenants that:
(a) Name Change, Offices and Records. Originator will not change its name, identity or corporate structure (within the meaning of Section 9-402(7) of any applicable enactment of the UCC, or within the meaning of Section 9-507(c) of Revised Article 9 of the UCC) or relocate its chief executive office or any office where Records are kept unless it shall have:
(i) given Buyer (or its assigns) at least forty-five (45) days' prior written notice thereof and (ii) delivered to Buyer (or its assigns) all financing statements, instruments and other documents requested by Buyer (or its assigns) in connection with such change or relocation.
(b) Change in Payment Instructions to Obligors. Except as may be required by the Agent pursuant to Section 8.2(b) of the Purchase Agreement, Originator will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box or Collection Account, unless Buyer (or its assigns) shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock-Box; provided, however, that Originator may make changes in instructions to Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.
(c) Modifications to Contracts and Credit and Collection Policy. Originator will not make any change to the Credit and Collection Policy that could reasonably be expected to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables unless required to do so by any applicable law, rule or regulation. Except as otherwise permitted in its capacity as Servicer pursuant to Section 8.2(d) of the Purchase Agreement, Originator will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.
(d) Sales, Liens. Originator will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or create or suffer to exist any Adverse Claim ...
Negative Covenants of Originator. Until the Final Payout Date, Originator hereby covenants that:
Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, Originator hereby covenants that:
(a) Name Change, Offices and Records; Change of Jurisdiction. Originator will not change its name (within the meaning of Section 9-507(c) of any applicable enactment of the UCC) or identity, corporate structure or any jurisdiction of organization or relocate its chief executive office or any office where records are kept unless it shall have:
(i) given Buyer (and its assigns) at least forty-five (45) days' prior written notice thereof, (ii) delivered to Buyer (and its assigns) all financing statements, instruments and other documents requested by Buyer (or its assigns) in connection with such change so that Buyer (or its assigns) continues to have a first priority, perfected ownership or security interest in the Receivables, the Related Security and any Collections thereon, and (iii) in the case of a change of the jurisdiction of organization, delivered to the Buyer (and its assigns) an opinion of counsel in form and substance satisfactory to the Buyer (and its assigns) as to such organization and the Originator's valid existence and good standing and the perfection and priority of the Buyer's (and its assigns') ownership or security interest in the Receivables, the Related Security and any Collections thereon.
Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, Originator hereby covenants that:
(a) Name Change, Jurisdiction of Organization, Corporate Structure, Offices and Records. Originator will not change its name, identity, jurisdiction of organization or corporate structure (within the meaning of Sections 9-503 and/or 9-507 of the UCC of all applicable jurisdictions) or relocate any office where Records are kept unless it shall have:
(i) given Buyer (or its assigns) at least 45 days’ prior written notice thereof and (ii) delivered to Buyer (or its assigns) all financing statements, instruments and other documents requested by Buyer (or its assigns) in connection with such change or relocation.
Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, and all Aggregate Unpaids (as defined in the Purchase Agreement) have been paid in full, Originator hereby covenants that:
Negative Covenants of Originator. From the date hereof until the Final Payout Date, each Originator shall not, without the prior written consent of Buyer, do or permit to occur any act or circumstance with which it has covenanted not to do or permit to occur in any Transaction Document to which it is a party in any capacity, or:
Negative Covenants of Originator. Until the date on which this Agreement terminates in accordance with its terms, Originator hereby covenants that:
(a) Change in Name, Jurisdiction of Organization, Offices and Records. It will not change its name as it appears in official filings in the jurisdiction of its organization, its status as a "registered organization" (within the meaning of Article 9 of any applicable enactment of the UCC) in such jurisdiction, its organizational identification number, if any, issued by its jurisdiction of organization, or its jurisdiction of organization unless it shall have: given Buyer at least forty-five (45) days' prior written notice thereof; at least ten (10) days prior to such change, delivered to Buyer all financing statements, instruments and other documents necessary to continue the perfection and priority of Buyer's interest in the Collateral and/or requested by Buyer in connection with such change or relocation and caused an opinion of counsel acceptable to Buyer to be delivered to Buyer not later than the effective date of such change, to the effect that Buyer's security interest is perfected and of first priority, such opinion to be in form and substance acceptable to Buyer in its sole discretion.
Negative Covenants of Originator. At all times prior to the Collection Date, the Originator hereby covenants, individually and in its capacity as Sub-Servicer, that:
(a) Name Change,Offices, Records and Books of Accounts. The Originator will not change its name, identity or corporate structure (within the meaning of Section 9-402(7) of any applicable enactment of the UCC) or relocate its chief executive office or any office where Records are kept unless it shall have: (i) given the Buyer at least 45 days prior notice thereof and (ii) delivered to the Buyer all financing statements, instruments and other documents requested by the Buyer in connection with such change or relocation.
Negative Covenants of Originator. Until the date this -------------------------------- Agreement shall terminate in accordance with its terms, the Originator hereby covenants, individually and in its capacity as Sub-Servicer, that:
(a) Name Change, Offices, Records and Books of Accounts. The --------------------------------------------------- Originator will not change its name, identity or corporate structure (within the meaning of Section 9-402(7) of any applicable enactment of the UCC) or relocate its chief executive office or any office where Records are kept unless it shall have:
(i) given the Buyer and its assignees at least 45 days prior notice thereof and (ii) delivered to the Buyer all financing statements, instruments and other documents requested by the Buyer or its assignees in connection with such change or relocation.
