Common use of Notice of Liens Clause in Contracts

Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender and the Deal Agent promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender and the Deal Agent and the Lenders promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

Appears in 6 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender Agent and the Deal Agent promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

Appears in 5 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender and the Deal Agent and the Lenders promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.. EXHIBIT 4.103

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender Agent and the Deal Agent promptly, in reasonable detail of: (iv(i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Notice of Liens. The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender Agent and the Deal Agent promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction 81 Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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