Performance of Obligations; Servicing. (a) The Borrower will not take any action and will use commercially reasonable efforts not to permit any action to be taken by others that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement comprising Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as expressly provided in this Agreement and the other Basic Documents or such other instrument or agreement.
Performance of Obligations; Servicing. Commission ------------------------------------------------- Filings. (a) The Note Issuer (i) will diligently pursue any and all actions to -------- enforce its rights under each instrument or agreement included in the Collateral and (ii) will not take any action and will use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person's covenants or obligations under any such instrument or agreement or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except, in each case, as expressly provided in this Indenture, the Sale Agreement, the Servicing Agreement or such other instrument or agreement.
Performance of Obligations; Servicing. (a) The Grantee may contract with other Persons to assist it in performing its duties under this Agreement, and any performance of such duties by a Person identified to the Note Issuer in an Officer's Certificate of the Grantee shall be deemed to be action taken by the Grantee.
Performance of Obligations; Servicing. (a) The Issuer (i) shall diligently pursue any and all actions to enforce its rights under each instrument or agreement included in the Rate Stabilization Bond Collateral and (ii) shall not take any action and shall use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person’s covenants or obligations under any such instrument or agreement or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except, in each case, as expressly provided in the Basic Documents to which the Issuer is a party or such other instrument or agreement.
Performance of Obligations; Servicing. (a) The Grantee may contract with other Persons to assist it in performing its duties under this Agreement, and any performance of such duties by a Person identified to the Note Issuer in an Officer's Certificate of the Grantee shall be deemed to be action taken by the Grantee. In addition, the Grantee agrees to perform, and shall be responsible and liable for, the duties and obligations of the Note Issuer under Sections 3.02, 3.04, 3.05, 3.06, 3.07, 3.09, 3.14, 3.18, 3.19, 6.06(c), 6.07, 7.01,
Performance of Obligations; Servicing. 19 Section 5.04. Negative Covenants 20 Section 5.05. Opinion and Officer’s Certificate as to Collateral 20 Section 5.06. Annual Statement as to Compliance 21 Section 5.07. Borrower May Consolidate, etc., Only on Certain Terms 21 Section 5.08. Successor or Transferee 22 Section 5.09. No Unauthorized Activities 22 Section 5.10. Limitation on Obligations 22
Performance of Obligations; Servicing
