Common use of No Material Event of Default Clause in Contracts

No Material Event of Default. There is no material event of default on the part of the Issuer under any agreement involving financial obligations which would materially adversely impact the financial conditions or operations of the Trust or its obligations under any document associated with this Transaction.

Appears in 5 contracts

Samples: Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc)

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No Material Event of Default. There is no material event of default on the part of the Seller or the Issuer under any agreement involving financial obligations which would materially adversely impact the financial conditions or operations of the Trust Issuer or its obligations under any document associated with this Transaction.

Appears in 2 contracts

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1), Insurance Agreement (Santander Drive Auto Receivables Trust 2007-3)

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No Material Event of Default. There is no material event of default on the part of the Issuer under any agreement involving financial obligations which would materially adversely impact the financial conditions condition or operations of the Trust Issuer or its obligations under any document associated with this Transaction.

Appears in 2 contracts

Samples: Insurance Agreement (UPFC Auto Receivables Trust 2007-A), Insurance Agreement (UPFC Auto Receivables Trust 2006-A)

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