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 Series 2024-5 Collateral or that would impair the validity or enforceability of the Series 2024-5 Collateral or a document included in the Series 2024-5 Collateral;

Appears in 1 contract

Samples: Indenture (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 20242023-5 3 Collateral or that would impair the validity or enforceability of the Series 20242023-5 3 Collateral or a document included in the Series 20242023-5 3 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 20242023-5 6 Collateral or that would impair the validity or enforceability of the Series 20242023-5 6 Collateral or a document included in the Series 20242023-5 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 2024-5 2 Collateral or that would impair the validity or enforceability of the Series 2024-5 2 Collateral or a document included in the Series 2024-5 2 Collateral;

Appears in 1 contract

Samples: Indenture (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 2024-5 7 Collateral or that would impair the validity or enforceability of the Series 2024-5 7 Collateral or a document included in the Series 2024-5 7 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 2024-5 6 Collateral or that would impair the validity or enforceability of the Series 2024-5 6 Collateral or a document included in the Series 2024-5 6 Collateral;

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

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