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

Performance of Obligations; Servicing of Receivables. 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 Trust Agreement or such other instrument or agreement.

Appears in 5 contracts

Samples: Indenture (BA Master Credit Card Trust II), Indenture (National City Bank /), Indenture (National City Credit Card Master Trust)

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Performance of Obligations; Servicing of Receivables. 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 or such other instrument or agreement.

Appears in 3 contracts

Samples: Indenture (BA Master Credit Card Trust II), Indenture (BA Master Credit Card Trust II), Indenture (BA Credit Card Trust)

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 Owner 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 Trust Agreement or such other instrument or agreementBasic Documents.

Appears in 2 contracts

Samples: Indenture (NISSAN AUTO RECEIVABLES Co II LLC), Indenture (NISSAN AUTO RECEIVABLES Co II 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 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 or such other instrument or agreement.Collateral

Appears in 1 contract

Samples: Master Indenture (Associates Credit Card Receivables Corp)

Performance of Obligations; Servicing of Receivables. (a) The Issuer will shall not take any action and will 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 ’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 Trust Transfer and Servicing Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Deutsche Recreational Asset Funding Corp)

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Performance of Obligations; Servicing of Receivables. The Issuer (a) Neither of the Issuers will not take any action and each of the Issuers 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 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 expressly provided in this Indenture, the Trust Agreement ordered by any bankruptcy or such other instrument court or agreement.as expressly

Appears in 1 contract

Samples: Indenture (Unicapital Corp)

Performance of Obligations; Servicing of Receivables. i) 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 expressly provided in this Indenture, the Trust Sale and Servicing Agreement or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Premier Auto Trust 1998 5)

Performance of Obligations; Servicing of Receivables. 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 related 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, the Trust Agreement Basic Documents and the related Series Related Documents or such other instrument or agreement.

Appears in 1 contract

Samples: Indenture (Household Automotive Trust v Series 2000 2)

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