Common use of Payment Covenant Clause in Contracts

Payment Covenant. 24 SECTION 3.2 Maintenance of Office or Agency............................................................24 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION 3.4 Existence..................................................................................26 SECTION 3.5 Protection of Trust Estate.................................................................26 SECTION 3.6 Opinions as to Trust Estate................................................................26 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8

Payment Covenant. 24 25 SECTION 3.2 3.2. Maintenance of Office or Agency............................................................24 .............................25 SECTION 3.3 3.3. Money for Payments To Be Held in Trust.....................................................24 SECTION 3.4 Existence........................................................................................................26 SECTION 3.5 3.4. Existence...................................................27 SECTION 3.5. Protection of Trust Estate.................................................................26 Estate .................................28 SECTION 3.6 3.6. Opinions as to Trust Estate................................................................26 .................................28 SECTION 3.7 3.7. Performance of Obligations; Servicing of Receivables.......................................27 Contracts..............................29 SECTION 3.8. Negative Covenants..........................................31 SECTION 3.9. Annual Statement as to Compliance.........................

Payment Covenant. 24 SECTION 13 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................13 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................13 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................14 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................15 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................15 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8...............................16

Payment Covenant. 24 30 SECTION 3.2 3.2. Maintenance of Office or Agency............................................................24 ..............................30 SECTION 3.3 3.3. Money for Payments To Be Held in Trust.....................................................24 .......................30 SECTION 3.4 3.4. Existence..................................................................................26 SECTION 3.5 Protection of Trust Estate.................................................................26 SECTION 3.6 Opinions as to Trust Estate................................................................26 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8....................................................32

Payment Covenant. 24 SECTION 11 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................11 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................11 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................13 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................13 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................13 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8...............................14 Section 3.8 Negative Covenants.................................................................15 Section 3.9 Annual Statement as to Compliance..................................................16

Payment Covenant. 24 25 SECTION 3.2 Maintenance of Office or Agency............................................................24 ...............................25 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 ........................25 SECTION 3.4 Existence..................................................................................26 .....................................................27 SECTION 3.5 Protection of Trust Estate.................................................................26 ....................................27 SECTION 3.6 Opinions as to Trust Estate................................................................26 ...................................27 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ..........28 SECTION 3.8

Payment Covenant. 24 25 SECTION 3.2 Maintenance of Office or Agency............................................................24 ................................25 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 .........................25 SECTION 3.4 Existence..................................................................................26 ......................................................27 SECTION 3.5 Protection of Trust Estate.................................................................26 .....................................27 SECTION 3.6 Opinions as to Trust Estate................................................................26 ....................................27 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ...........28 SECTION 3.8

Payment Covenant. 24 SECTION 13 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................13 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................13 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................14 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................15 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................15 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION ...............................15 Section 3.8

Payment Covenant. 24 SECTION 13 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................13 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................14 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................15 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................15 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................16 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8...............................16

Payment Covenant. 24 SECTION 11 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................11 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................11 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................12 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................13 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................13 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8...............................13 Section 3.8 Negative Covenants.................................................................15 Section 3.9 Annual Statement as to Compliance..................................................15

Payment Covenant. 24 30 SECTION 3.2 Maintenance of Office or Agency............................................................24 ............................30 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 .....................30 SECTION 3.4 Existence..................................................................................26 ..................................................32 SECTION 3.5 Protection of Trust Estate.................................................................26 .................................33 SECTION 3.6 Opinions as to Trust Estate................................................................26 ................................33 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ..........................................34 SECTION 3.8

Payment Covenant. 24 SECTION 13 Section 3.2 Maintenance of Office or Agency............................................................24 SECTION ....................................................13 Section 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION .............................................13 Section 3.4 Existence..................................................................................26 SECTION ..........................................................................15 Section 3.5 Protection of Trust Estate.................................................................26 SECTION .........................................................15 Section 3.6 Opinions as to Trust Estate................................................................26 SECTION ........................................................15 Section 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8...............................16

Payment Covenant. 24 SECTION 3.2 Maintenance of Office or Agency.......................................................................................................24 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 ....................................25 SECTION 3.4 Existence...................................................................................................................................................26 SECTION 3.5 Protection of Trust Estate.................................................................26 ................................................27 SECTION 3.6 Opinions as to Trust Estate................................................................26 ...............................................27 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ......................28 SECTION 3.8

Payment Covenant. 24 SECTION 3.2 Maintenance of Office or Agency..........................................................................................24 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 .......................25 SECTION 3.4 Existence......................................................................................................................................26 SECTION 3.5 Protection of Trust Estate.................................................................26 ...................................27 SECTION 3.6 Opinions as to Trust Estate................................................................26 ..................................27 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 .........28 SECTION 3.8

Payment Covenant. 24 25 SECTION 3.2 Maintenance of Office or Agency............................................................24 .................................25 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 ..........................25 SECTION 3.4 Existence..................................................................................26 .......................................................27 SECTION 3.5 Protection of Trust Estate.................................................................26 ......................................27 SECTION 3.6 Opinions as to Trust Estate................................................................26 .....................................27 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ............28 SECTION 3.8

Payment Covenant. 24 26 SECTION 3.2 3.2. Maintenance of Office or Agency............................................................24 .........................26 SECTION 3.3 3.3. Money for Payments To Be Held in Trust.....................................................24 ..................27 SECTION 3.4 3.4. Existence..................................................................................26 ...............................................28 SECTION 3.5 3.5. Protection of Trust Estate.................................................................26 ..............................29 SECTION 3.6 3.6. Opinions as to Trust Estate................................................................26 .............................29 SECTION 3.7 3.7. Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8Contracts....

Payment Covenant. 24 23 SECTION 3.2 Maintenance of Office or Agency..........................................................................................24 SECTION 3.3 Money for Payments To Be Held in Trust............................................................................24 SECTION 3.4 Existence......................................................................................................................................26 SECTION 3.5 Protection of Trust Estate....................................................................................................26 SECTION 3.6 Opinions as to Trust Estate..................................................................................................26 SECTION 3.7 Performance of Obligations; Servicing of Receivables................................................27 SECTION 3.8

Payment Covenant. 24 16 SECTION 3.2 Maintenance of Office or Agency............................................................24 ............................. 16 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 ...................... 16 SECTION 3.4 Existence..................................................................................26 ................................................... 18 SECTION 3.5 Protection of Trust Estate.................................................................26 .................................. 18 SECTION 3.6 Opinions as to Trust Estate................................................................26 ................................. 18 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 ........ 19 SECTION 3.8