Financing Originator definition
Examples of Financing Originator in a sentence
No Financing Originator has a material performance obligation in respect of any Contract in favor of an Obligor or End-User (it being understood that covenants of quiet enjoyment, purchase options, obligations to accept return of the property at end of lease term, and like obligations of a lessor typical of a "triple net" lease, shall not be deemed "material performance obligations" for purposes of this representation).
In addition, neither any Financing Originator, the Servicer nor the Depositor shall change its state of organization unless it has first taken such action as is necessary to preserve and protect the Trust's interest in the Trust Assets.
No Financing Originator has a material performance obligation in respect of any Contract in favor of an Obligor or End-User (it being understood that covenants of quiet enjoyment, purchase options, obligations to accept return of the property at end of lease term, and like obligations of a lessor typical of a “triple net” lease, shall not be deemed “material performance obligations” for purposes of this representation).
In addition, neither any Financing Originator, the Servicer nor the Depositor shall change its place of business (within the meaning of Article 9 of the UCC), from the locations specified in Section 11.04 hereof unless it has first taken such action as is necessary to preserve and protect the Trust's interest in the Trust Assets.
In addition, neither any Financing Originator which is an Affiliate of the Servicer, the Servicer nor the Depositor shall change its state of organization or the location of the Contract Files unless it has first taken such action as is necessary to preserve and protect the Trust’s interest in the Trust Assets.