No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After the Closing Date, the Issuing Entity shall not fund the purchase of any new Contracts.
Appears in 66 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Select Auto Trust 2024-A)
No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After the end of the Funding Period or, if there is no Funding Period, after the Closing Date, the Issuing Entity shall not fund the purchase of any new Contracts.
Appears in 29 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2015-B), Indenture (World Omni Auto Receivables Trust 2015-B), Indenture (World Omni Auto Receivables Trust 2015-A)
No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After the Closing Dateend of the Funding Period, the Issuing Entity shall not fund the purchase of any new Contracts.
Appears in 2 contracts
Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2006-A)
No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables [and contributing or otherwise transferring Receivables to the Grantor Trust, in each case,] in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After [the end of the [Funding Period][Revolving Period]][the Closing Date], the Issuing Entity shall not fund the purchase of any new Contracts.
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No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After [the end of the [Funding Period][Revolving Period][the Closing Date], the Issuing Entity shall not fund the purchase of any new Contracts.
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No Other Business. The Issuing Entity shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and activities incidental thereto. After [the end of the [Funding Period][Revolving Period]][the Closing Date], the Issuing Entity shall not fund the purchase of any new Contracts.
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