Performance of Obligations; Servicing of Receivables. (a) The Issuer 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 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 expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the 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 will shall not take any action and will shall use its best 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 Transfer and Pooling Agreement, the Servicing Agreement, the Receivables Purchase Agreement, the Trust 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
Performance of Obligations; Servicing of Receivables. (a) The Issuer 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust Agreement Basic Documents or such other instrument or agreement.
Appears in 3 contracts
Samples: Tia Indenture (Painewebber Asset Acceptance Corp), Securitized Asset Backed Receivables LLC, Prudential Securities Secured Financing Corp
Performance of Obligations; Servicing of Receivables. (a) The Issuer 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 will shall not take any action and will shall use its best 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 Transfer Trust Sale and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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) The Issuer will shall not take any action and will shall use its best 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 ’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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, Indenture and the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 ’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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 will shall not take any action and will shall use its best 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 Transfer Trust Sale and Servicing Agreement, the Receivables Purchase Pooling and Servicing Agreement, the Trust 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 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 ’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 expressly provided in this Indenture, the Declaration of Trust, the Transfer Agreement and the Servicing Agreement, the Receivables Purchase Agreement, the Trust applicable Pooling and Servicing Agreement or such other instrument or agreement.
Appears in 1 contract
Samples: Trust Indenture
Performance of Obligations; Servicing of Receivables. (a) The Issuer 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 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 expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase AgreementAgreements, the Trust Agreement or such other instrument or agreement.
Appears in 1 contract
Performance of Obligations; Servicing of Receivables. (a) The Issuer will not take any action and will use its best 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 expressly provided in this Indenture, the Transfer Sale and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 will shall not take any action and will shall use its best 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 ’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 expressly provided in this Indenture, the Trust Agreement, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust applicable Pooling and Servicing Agreement or such other instrument or agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Issuance Trust)
Performance of Obligations; Servicing of Receivables. (a) The Issuer will not take any action and 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer Sale and Servicing Agreement, the Receivables Purchase Agreement, the Trust Agreement or such other instrument or agreement.
Appears in 1 contract
Performance of Obligations; Servicing of Receivables. (a) (a) The Issuer will not take any action and 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 expressly provided in this Indenture, the Transfer Sale and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust 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 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 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 ordered by any bankruptcy or other court or as expressly provided in this Indenture, the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Trust Agreement Related Documents or such other instrument or agreement.
Appears in 1 contract
Performance of Obligations; Servicing of Receivables. (a) The Issuer will shall not take any action and will shall use its best 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 Transfer Trust Sale and Servicing Agreement, the Receivables Purchase Pooling and Servicing Agreement, the Trust Administration Agreement or such other instrument or agreement.
Appears in 1 contract
Samples: Capital Auto Receivables Inc