Common use of No Conflicts and No Violation Clause in Contracts

No Conflicts and No Violation. The completion of the transactions under this Agreement, and the performance of its obligations under this Agreement, will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document under which the Administrator is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the Administrator’s properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document, (iii) violate the Administrator’s certificate of formation or limited liability company agreement or (iv) violate a law or, to the Administrator’s knowledge, an order, rule or regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Administrator or its properties that applies to the Administrator, which, in each case, would reasonably be expected to have a material adverse effect on the Administrator’s ability to perform its obligations under this Agreement.

Appears in 59 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2022-A), Administration Agreement (Ford Credit Auto Owner Trust 2022-A), Administration Agreement (Ford Credit Auto Lease Trust 2021-B)

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No Conflicts and No Violation. The completion of the transactions under this Agreement, and the performance of its obligations under this Agreement, will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document under which the Administrator is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the Administrator’s 's properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document, (iii) violate the Administrator’s 's certificate of formation or limited liability company agreement or (iv) violate a law or, to the Administrator’s 's knowledge, an order, rule or regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Administrator or its properties that applies to the Administrator, which, in each case, would reasonably be expected to have a material adverse effect on the Administrator’s 's ability to perform its obligations under this Agreement.

Appears in 30 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2024-D), Administration Agreement (Ford Credit Auto Receivables Two LLC), Administration Agreement (Ford Credit Auto Owner Trust 2024-C)

No Conflicts and No Violation. The completion of the transactions under this Agreement, Agreement and the performance of its obligations under this Agreement, Agreement will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document under which the Administrator Issuer is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the AdministratorIssuer’s properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar documentdocument (other than the Indenture), (iii) violate the Administrator’s certificate of formation or limited liability company agreement Trust Agreement or (iv) violate a law or, to the AdministratorIssuer’s knowledge, an order, rule or regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Administrator Issuer or its properties that applies to the AdministratorIssuer, which, in each case, would reasonably be expected to have a material adverse effect on the AdministratorIssuer’s ability to perform its obligations under this Agreement.

Appears in 26 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-B), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2021-A)

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No Conflicts and No Violation. The completion of the transactions under this Agreement, and the performance of its obligations under this Agreement, will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document under which the Administrator is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the Administrator’s properties or assets of the Administrator under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document, (iii) violate the Administrator’s certificate of formation or limited liability company agreement or (iv) violate a law or, to the Administrator’s knowledge, an order, rule or regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Administrator or its properties that applies to the Administrator, which, in each case, would reasonably be expected to have a material adverse effect on the Administrator’s ability to perform its obligations under this Agreement.

Appears in 5 contracts

Samples: Administration Agreement (Ford Credit Auto Receivables Two LLC), Administration Agreement (Ford Credit Auto Receivables Two LLC), Administration Agreement (Ford Credit Auto Receivables Two LLC)

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