RESTRICTIONS ON RIGHTS OF AESOP LEASING Sample Clauses

RESTRICTIONS ON RIGHTS OF AESOP LEASING. RELEASE OF TRUST ACCOUNT PROPERTY; RECONVEYANCE OF PROPERTY. Except with respect to directing the purchase of Replacement Vehicles and as otherwise expressly provided in this Agreement, AESOP Leasing has no right to receive, pledge, borrow or otherwise obtain the benefits of any funds or property held by the Intermediary in trust for the benefit of AESOP Leasing pursuant to this Agreement. Notwithstanding the preceding sentence, the Intermediary shall deliver or cause to be delivered to the Trustee (in accordance with the directions set forth in SCHEDULE 4), with respect to each Group of Relinquished Vehicles, on the Business Day following the receipt by the Intermediary from AESOP Leasing of written notice of the occurrence of any one or more of the Group Closing Events with respect to such Group of Relinquished Vehicles, the following property: all proceeds of such Group of Relinquished Vehicles (excluding any portion thereof that constitutes Receivables Lender Collateral), including, without limitation, all Relinquished Vehicle Receivables and all funds and other property held in the AESOP Trust Account corresponding to such Group of Relinquished Vehicles, including the proceeds of any loans made with respect to such Group of Relinquished Vehicles. In connection with each such release of property to the Trustee, the Intermediary also shall deliver to each of AESOP Leasing and the Trustee an instrument, substantially in the form of Exhibit C hereto, conveying to AESOP Leasing all right, title and interest of the Intermediary in any and all Relinquished Vehicle Receivables then remaining outstanding in respect of each Group of Relinquished Vehicles as to which such a release is made, unless such receivables at such time continue to constitute part of the Receivables Lender Collateral (in which case, the conveyance shall be delivered on such later date as the related Loan shall have been determined to have been paid in full pursuant to Section 6(c) of the Intercreditor Agreement, if any such receivables then continue to remain outstanding).
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Related to RESTRICTIONS ON RIGHTS OF AESOP LEASING

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  • Limitations on Rights of Others The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholder, the Servicer and, to the extent expressly provided herein, the Trustee, the Trust Collateral Agent and the Noteholders, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Restrictions on Sale This Debenture has not been registered under the Securities Act of 1933, as amended (the "Act") and is being issued under Section 4(2) of the Act and Rule 506 of Regulation D promulgated under the Act. This Debenture and the Common Stock issuable upon the conversion thereof may only be sold pursuant to registration under or an exemption from the Act.

  • Restrictions on Sales Except in connection with any registration under this Section 7, no Seller shall sell any shares of Common Stock of EYEQ or securities convertible into or exercisable for Common Stock of EYEQ for twelve (12) months following the Closing. In connection with any registration under this Section 7, no Seller shall sell any shares of Common Stock of EYEQ or securities convertible into or exercisable for Common Stock of EYEQ, except pursuant to such registration, for the period following the effective date of the applicable registration statement that the managing underwriter of the offering determines is necessary to effect the offering, which period shall not exceed 360 days.

  • Restrictions on Shares The shares of Common Stock issuable upon exercise of this Warrant may not be sold or transferred unless (i) they first shall have been registered under the Securities Act and applicable state securities laws, (ii) the Corporation shall have been furnished with an opinion of legal counsel (in form, substance and scope customary for opinions in such circumstances) to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act or (iii) they are sold under Rule 144 under the Act. Except as otherwise provided in the Securities Purchase Agreement, each certificate for shares of Common Stock issuable upon exercise of this Warrant that have not been so registered and that have not been sold under an exemption that permits removal of the legend, shall bear a legend substantially in the following form, as appropriate: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE SECURITIES REPRESENTED HEREBY MAY NOT BE OFFERED, SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER APPLICABLE SECURITIES LAWS UNLESS OFFERED, SOLD OR TRANSFERRED UNDER AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS. Upon the request of a holder of a certificate representing any shares of Common Stock issuable upon exercise of this Warrant, the Corporation shall remove the foregoing legend from the certificate and issue to such holder a new certificate therefor free of any transfer legend, if (i) with such request, the Corporation shall have received either (A) an opinion of counsel, in form, substance and scope customary for opinions in such circumstances, to the effect that any such legend may be removed from such certificate, or (B) satisfactory representations from Holder that Holder is eligible to sell such security under Rule 144 or (ii) a registration statement under the Securities Act covering the resale of such securities is in effect. Nothing in this Warrant shall (i) limit the Corporation's obligation under the Registration Rights Agreement, or (ii) affect in any way Holder's obligations to comply with applicable securities laws upon the resale of the securities referred to herein.

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  • Restrictions on Liens The Servicer shall not (A) create, incur or suffer to exist, or agree to create, incur or suffer to exist, or consent to cause or permit in the future (upon the happening of a contingency or otherwise) the creation, incurrence or existence of any Lien or restriction on transferability of the Receivables except for the Lien in favor of the Trust Collateral Agent for the benefit of the Noteholders and the restrictions on transferability imposed by this Agreement or (B) sign or file under the Uniform Commercial Code of any jurisdiction any financing statement which names AmeriCredit or the Servicer as a debtor, or sign any security agreement authorizing any secured party thereunder to file such financing statement, with respect to the Receivables, except in each case any such instrument solely securing the rights and preserving the Lien of the Trust Collateral Agent, for the benefit of the Noteholders.

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