Common use of No Release of Material Obligations Clause in Contracts

No Release of Material Obligations. Take 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 obligation under a document included in the Collateral or that would impair the validity or enforceability of the Collateral or a document included in the Collateral;

Appears in 112 contracts

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

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No Release of Material Obligations. Take 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 obligation under a document included in the Borrower Collateral or that would impair the validity or enforceability of the Borrower Collateral or a document included in the Borrower Collateral;

Appears in 6 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2024-4 Collateral or that would impair the validity or enforceability of the Series 2024-4 Collateral or a document included in the Series 2024-4 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2023-1 Collateral or that would impair the validity or enforceability of the Series 2023-1 Collateral or a document included in the Series 2023-1 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2023-5 Collateral or that would impair the validity or enforceability of the Series 2023-5 Collateral or a document included in the Series 2023-5 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-3 Collateral or that would impair the validity or enforceability of the Series 2022-3 Collateral or a document included in the Series 2022-3 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2023-7 Collateral or that would impair the validity or enforceability of the Series 2023-7 Collateral or a document included in the Series 2023-7 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-1 Collateral or that would impair the validity or enforceability of the Series 2022-1 Collateral or a document included in the Series 2022-1 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Collateral or that would impair the validity or enforceability of the Collateral or a document included in the Collateral;.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2023-4 Collateral or that would impair the validity or enforceability of the Series 2023-4 Collateral or a document included in the Series 2023-4 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2024-1 Collateral or that would impair the validity or enforceability of the Series 2024-1 Collateral or a document included in the Series 2024-1 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-7 Collateral or that would impair the validity or enforceability of the Series 2022-7 Collateral or a document included in the Series 2022-7 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-4 Collateral or that would impair the validity or enforceability of the Series 2022-4 Collateral or a document included in the Series 2022-4 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

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No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-2 Collateral or that would impair the validity or enforceability of the Series 2022-2 Collateral or a document included in the Series 2022-2 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2021-1 Collateral or that would impair the validity or enforceability of the Series 2021-1 Collateral or a document included in the Series 2021-1 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2024-3 Collateral or that would impair the validity or enforceability of the Series 2024-3 Collateral or a document included in the Series 2024-3 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2021-2 Collateral or that would impair the validity or enforceability of the Series 2021-2 Collateral or a document included in the Series 2021-2 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2023-2 Collateral or that would impair the validity or enforceability of the Series 2023-2 Collateral or a document included in the Series 2023-2 Collateral;

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-6 Collateral or that would impair the validity or enforceability of the Series 2022-6 Collateral or a document included in the Series 2022-6 Collateral;

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2024-8 Collateral or that would impair the validity or enforceability of the Series 2024-8 Collateral or a document included in the Series 2024-8 Collateral;

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

No Release of Material Obligations. Take 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 obligation under a document included in the Series 2022-5 Collateral or that would impair the validity or enforceability of the Series 2022-5 Collateral or a document included in the Series 2022-5 Collateral;

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

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