Common use of Obligations of the Managers Clause in Contracts

Obligations of the Managers. (a) Subject to Section 4.4(b), as long as any Securities are outstanding and until all obligations of the Company pursuant to the Securitization Documents, the Transfer Agreements and the Service Provider Contracts have been satisfied, the Board of Managers will take all action that may be necessary or appropriate for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware (and each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged).

Obligations of the Managers. (a) Subject to Section 4.4(b), as long as any Securities are outstanding and until all obligations of the Company pursuant to the Securitization Documents, the Transfer Agreements and the Service Provider Contracts have been satisfied, the Board of Managers will take all action that may be necessary or appropriate for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware (and each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged).

Obligations of the Managers. (a) Subject to Section 4.4(b)4.6, as long as any Securities are outstanding and until all obligations of the Company pursuant to the Securitization Documents, the Transfer Agreements and the Service Provider Contracts have been satisfied, the Board of Managers will take all action that may be necessary or appropriate for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware (and each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged).

Obligations of the Managers. (a) Subject to Section 4.4(b), as long as any Securities are outstanding and until all obligations of the Company pursuant to the Securitization Documents, the Transfer Agreements and the Service Provider Contracts have been satisfied, the Board of Managers will take all action that may be necessary or appropriate for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware (and each other jurisdiction in which such existence is necessary to protect the limited liability of the Members Member or to enable the Company to conduct the business in which it is engaged).