Common use of No Release of Material Covenants or Obligations Clause in Contracts

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use commercially reasonable its best efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such that instrument or agreement, except as provided in any Transaction Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2015-A Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2015-A Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2013-B Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2013-B Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2011-B Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2011-B Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2012-A Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2012-A Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use commercially reasonable its best efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2011-A Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2011-A Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2014-A Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2014-A Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2015-B Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2015-B Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2012-B Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2012-B Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2013-A Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2013-A Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 2014-B Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 2014-B Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 20__-_ Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 20__-_ Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use commercially reasonable its best efforts to prevent any action from being taken by others, that would release any Person from any material covenants or obligations under any instrument or agreement included in the 20_-_ Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as provided in any Transaction 20_-_ Basic Document.

No Release of Material Covenants or Obligations. The Issuer will not take any action, and will use its commercially reasonable efforts to prevent not permit any action from being to be taken by others, that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as required by applicable law or the related Loan Documents or as provided in any Transaction Documentor permitted under the Sale and Servicing Agreement, this Indenture or the other Basic Documents.