Common use of Performance of Obligations; Servicing of Receivables Clause in Contracts

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its 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 included in the 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 3 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation, Navistar Financial Retail Receivables Corporation

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Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Trust Fund 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Basic Documents or such other instrument or agreement.

Appears in 3 contracts

Samples: Tia Indenture (Painewebber Asset Acceptance Corp), Prudential Securities Secured Financing Corp, Securitized Asset Backed Receivables LLC

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Administration Trust Agreement or such other instrument or agreement.

Appears in 3 contracts

Samples: Master Indenture (Household Consumer Loan Corp Ii), Household Affinity Funding Corp Iii, Household Affinity Funding Corp Iii

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement any other Basic Documents or such other instrument or agreement.

Appears in 3 contracts

Samples: Indenture (Chase Manhattan Bank Usa), Form of Indenture (Chase Manhattan Bank Usa), Chase Manhattan Bank Usa

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its reasonable efforts not to permit any action to be taken by others others, including the Administrator, that would release any Person from any of such Person's material covenants or obligations under any instrument or agreement included in the 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Transaction Documents or such other instrument or agreement.

Appears in 2 contracts

Samples: Volkswagen Public Auto Loan Securitization LLC, Vw Credit Leasing LTD

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the Collateral Series Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, Indenture and the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Basic Documents or such other instrument or agreement.

Appears in 2 contracts

Samples: Indenture (HSBC Automotive Trust (USA) 2007-1), Indenture (HSBC Automotive Trust (USA) 2006-1)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its 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 included in the Collateral Trust Estate 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Trust Sale and Servicing Agreement, the Receivables Purchase Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 2 contracts

Samples: Indenture (Wodfi LLC), Indenture (Wodfi LLC)

Performance of Obligations; Servicing of Receivables. (a) (a) The Issuer shall will not take any action and shall will use its reasonable best efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the Collateral Trust Estate 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Sale and Servicing Agreement, the Purchase Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Hyundai Abs Funding Corp

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its reasonable efforts not to permit any action to be taken by others others, including the Administrator, that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement other Transaction Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Americas Carmart Inc)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Trust Property 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Basic Documents or such other instrument or agreement.

Appears in 1 contract

Samples: United Fidelity Finance LLC

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Sale and Servicing Agreement, the Purchase Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Fifth Third Auto Trust 2004-A)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Related Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (A I Receivables Transfer Corp)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the 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 otherwise expressly provided in this Indenture, the Pooling AgreementDeclaration of Trust, the Transfer Agreement and the Servicing Agreement, the Purchase Agreement, the Administration applicable Pooling and Servicing Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Trust Indenture

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Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the Collateral Pledged Property 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Basic Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Long Beach Acceptance Corp

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 included in the 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Transfer and Servicing Agreement, the Receivables Purchase AgreementAgreements, the Administration Trust Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Master Indenture (Hrsi Funding Inc Ii)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the Collateral Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement other Basic Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Bank One Auto Securitization Trust 2003-1)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its all 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 included in the Collateral Trust Estate 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Trust Sale and Servicing Agreement, the Purchase Pooling and Servicing Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Capital Auto Receivables Inc

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best 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 a instrument or agreement included in the Collateral Trust Estate 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 otherwise ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Pooling Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement Basic Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Barnett Auto Receivables Corp

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its 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 included in the 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Sale and Servicing Agreement, the Purchase Agreement, the Administration Custodial Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Bluegreen Corp)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall not take any action and shall use its reasonable efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the Collateral Trust Estate 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 otherwise expressly provided in this Indenture, the Pooling Agreement, the Trust Sale and Servicing Agreement, the Purchase Pooling and Servicing Agreement, the Administration Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Goldman Sachs Asset Backed Securities Corp)

Performance of Obligations; Servicing of Receivables. (a) The Issuer shall will not take any action and shall will use its reasonable best efforts not to permit any action to be taken by others that would release any Person from any of such Person's ’s material covenants or obligations under any instrument or agreement included in the 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 otherwise expressly provided in this Indenture, the Pooling Trust Agreement, the Transfer and Servicing Agreement, the Purchase Agreement, the Administration applicable Pooling and Servicing Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Issuance Trust)

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