Common use of Obligations with Respect to Contracts; Modifications Clause in Contracts

Obligations with Respect to Contracts; Modifications. The Servicer will duly fulfill and comply with, in all material respects, all obligations on the part of the Trust Depositor to be fulfilled or complied with under or in connection with each Contract in the Contracts Pool and will do nothing to impair the rights of the Indenture Trustee and the Holders in, to and under the Trust Assets. The Servicer will perform such obligations under the Contracts in the Contracts Pool and will not change or modify the Contracts, except as otherwise provided herein and except insofar as any such failure to perform, change or modify would not materially and adversely affect the value of (or the rights of the Trust, on behalf of the Holders, or the Indenture Trustee, on behalf of the Noteholders, with respect to) the Contracts or the related Equipment.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Newcourt Receivables Corp Ii), Sale and Servicing Agreement (Heller Funding Corp), Sale and Servicing Agreement (Heller Funding Corp Ii)

AutoNDA by SimpleDocs

Obligations with Respect to Contracts; Modifications. The Servicer will duly fulfill and comply with, in all material respects, all obligations on the part of the Trust Depositor Seller to be fulfilled or complied with under or in connection with each Contract in the Contracts Contract Pool and will do nothing to impair the rights of the Indenture Trustee Collateral Agent and the Holders in, to and under the Trust Assets. The Servicer will perform such obligations under the Contracts in the Contracts Contract Pool and will not change or modify the Contracts, except as otherwise provided herein and except insofar as any such failure to perform, change or modify would not materially and adversely affect the value of (or the rights of the Trust, on behalf of the Holders, or the Indenture TrusteeCollateral Agent, on behalf of the NoteholdersSecured Parties, with respect to) the Contracts or the related Equipment.

Appears in 1 contract

Samples: Agency and Servicing Agreement (Newcourt Receivables Corp)

AutoNDA by SimpleDocs

Obligations with Respect to Contracts; Modifications. The Servicer will duly fulfill and comply with, in all material respects, all obligations on the part of the Trust Depositor to be fulfilled or complied with under or in connection with each Contract in the Contracts Contract Pool and will do nothing to impair the rights of the Indenture Trustee and the Holders in, to and under the Trust Assets. The Servicer will perform such obligations under the Contracts in the Contracts Contract Pool and will not change or modify the Contracts, except as otherwise provided herein and except insofar as any such failure to perform, change or modify would not materially and adversely affect the value of (or the rights of the Trust, on behalf of the Holders, or the Indenture Trustee, on behalf of the Noteholders, with respect to) the Contracts or the related Equipment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Heller Funding Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.