Performance of Obligations; Servicing; SEC Filings. (a) The Issuer (i) shall diligently pursue any and all actions to enforce its rights under each instrument or agreement included in the Recovery 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 this Indenture, the Series Supplement, the Sale Agreement, the Servicing Agreement or such other instrument or agreement.
Performance of Obligations; Servicing; SEC 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 Note 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, any Trustee's Issuance Certificate, any Series Supplement, the Sale Agreement, any Subsequent Sale Agreement related to the applicable Note Collateral, the Servicing Agreement, the Administration Agreement or such other instrument or agreement.
Performance of Obligations; Servicing; SEC Filings. 21 SECTION 3.08. Certain Negative Covenants. 24
Performance of Obligations; Servicing; SEC Filings. (a) The Issuer (i) shall diligently pursue any and all actions to enforce its rights under each instrument or agreement included in the 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 this Indenture, and any other Basic Document or such other instrument or agreement.
Performance of Obligations; Servicing; SEC Filings. The Issuer (i) shall diligently pursue any and all actions to enforce its rights under each instrument or agreement included in the Transition 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 this Indenture, any Series Supplement, the Sale Agreement, the Servicing Agreement or such other instrument or agreement.The Issuer may contract with other Persons to assist it in performing its duties under this Indenture, and any performance of such duties by a Person identified to the Indenture Trustee herein or in an Officer's Certificate shall be deemed to be action taken by the Issuer. Initially, the Issuer has contracted with the Servicer to assist the Issuer in performing its duties under this Indenture.The Issuer shall punctually perform and observe all of its obligations and agreements contained in this Indenture, the related Series Supplement, the other Basic Documents and in the instruments and agreements included in the Transition Bond Collateral, including filing or causing to be filed all filings with the PUCT or the Texas Secretary of State pursuant to the Securitization Law or the Financing Order, all UCC financing statements and continuation statements required to be filed by it by the terms of this Indenture, the related Series Supplement, the Sale Agreement and the Servicing Agreement in accordance with and within the time periods provided for herein and therein.If the Issuer shall have knowledge of the occurrence of a Servicer Default under the Servicing Agreement, the Issuer shall promptly give written notice thereof to the Indenture Trustee and the Rating Agencies, and shall specify in such notice the response or action, if any, the Issuer has taken or is taking with respect of such default. If a Servicer Default shall arise from the failure of the Servicer to perform any of its duties or obligations under the Servicing Agreement with respect to the Transition Property, the Transition Bond Collateral or the Transition Charges, the Issuer shall take all reasonable steps available to it to remedy such xxxxxxx.Xx promptly as possible...
Performance of Obligations; Servicing; SEC 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 Note 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, any Trustee's Issuance Certificate, any Series Supplement, the Sale Agreement, any Subsequent Sale Agreement related to the applicable Note Collateral, the Servicing Agreement, the Administration Agreement or such other instrument or agreement. The Note Issuer shall not terminate the Administration Agreement prior to the repayment in full of all Notes and, if any of the Notes are not repaid in full prior to June 30, 2009, the Note Issuer shall exercise its option under Section 7 of the Administration Agreement to renew the Administration Agreement until all such Notes are repaid in full.
