Affirmative Covenants of the Collection Agent Sample Clauses
The "Affirmative Covenants of the Collection Agent" clause sets out specific actions and obligations that the collection agent is required to perform under an agreement. These covenants typically include duties such as properly collecting receivables, maintaining accurate records, remitting collected funds to the appropriate parties, and complying with relevant laws and contractual standards. For example, the collection agent may be required to provide regular reports on collections activity or to promptly notify the other party of any issues affecting collections. The core function of this clause is to ensure that the collection agent actively manages and safeguards the interests of the parties relying on its services, thereby reducing operational risk and promoting transparency in the collection process.
Affirmative Covenants of the Collection Agent. At all times from the date hereof to the later to occur of (i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero, all accrued Discount and Servicing Fees shall have been paid in full and all other Aggregate Unpaids shall have been paid in full, in cash, unless each Administrative Agent shall otherwise consent in writing.
Affirmative Covenants of the Collection Agent. At all times from the date hereof to the later to occur of (i) the Termination Date and (ii) the Final Collection Date, unless each Administrative Agent shall otherwise consent in writing.
Affirmative Covenants of the Collection Agent. At all times from the date hereof to the later to occur of (i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero, all accrued Discount and Servicing Fees shall have been paid in full and all other Aggregate Unpaids shall have been paid in full, in cash, unless the Agent shall otherwise consent in writing.
Affirmative Covenants of the Collection Agent. Until the later of the Facility Termination Date for the Eligible Assets and the date upon which no Capital for any Eligible Asset shall be existing and no Yield, Fees or other amounts shall remain unpaid under this Agreement, the Collection Agent will, unless the Agent (with the consent or at the request of the Managing Agents) shall otherwise consent in writing:
(a) COMPLIANCE WITH LAWS, ETC. Comply, and cause each other Originator to comply, in all material respects with all applicable laws, rules, regulations and orders with respect to it, its business and properties and all Pool Receivables and related Contracts, Related Security and Collections with respect thereto.
Affirmative Covenants of the Collection Agent. At all times from the date hereof to the date on which all Commitments have been terminated, the Net Investment has been reduced to zero, and all accrued Discount, Fees, Servicing Fees and all other Aggregate Unpaids shall have been paid in full in cash:
Affirmative Covenants of the Collection Agent. At all times from the date hereof to the latest to occur of (i) the Termination Date, (ii) the last Special Termination Date with respect to all Purchasers and (iii) the date on which the Net Investments have been reduced to zero and all other Aggregate Unpaids shall have been paid in full, in cash, unless the Purchaser Agents shall otherwise consent in writing:
Affirmative Covenants of the Collection Agent. Until the later of (i) the Commitment Termination Date and (ii) the date on which no Capital for any Eligible Asset shall be existing and no Yield, Program Fees or other amounts shall remain unpaid under this Agreement, the Collection Agent shall, unless the Majority Investor Groups shall otherwise consent in writing, comply with each covenant of the Collection Agent set forth in Section 5.04 of the Investor Agreement, each of which is hereby incorporated herein by this reference.
Affirmative Covenants of the Collection Agent. From the date hereof until the Collection Date, unless the Servicing Agent shall otherwise consent in writing, the Collection Agent will:
(a) Comply in all material respects with all applicable laws, rules, regulations and orders (including all material provisions of ERISA) with respect to it, its business and properties, including the Bondable Conservation Investments and the Conservation Investment Assets if failure to comply would materially adversely affect its ability to perform its obligations under this Agreement or the collectibility of the Conservation Investment Assets.
(b) Preserve and maintain its corporate existence, in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified could materially adversely affect its ability to perform its obligations under this Agreement or the collectibility of the Conservation Investment Assets. Nothing herein shall prevent the merger, consolidation or sale of all or substantially all of the assets and business of the Collection Agent, provided that any corporation or other entity (i) into which the Collection Agent may be merged or consolidated, (ii) which may result from any merger, conversion or consolidation to which the Collection Agent shall be a party and in which the Collection Agent is not the surviving entity, or (iii) which may succeed to all or substantially all of the business of the Collection Agent, shall execute an agreement of assumption to perform every obligation of the Collection Agent hereunder in which event such corporation or entity shall be the successor to the Collection Agent hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement. The Collection Agent shall give prompt notice of any such merger, consolidation or sale to the Purchaser and the Servicing Agent.
(c) At any reasonable time, permit the Purchaser or its agents or representatives, at their expense, to visit its offices in order to examine its books of account and other records and files relating to the Allocated Conservation Amounts (including, without limitation, computer tapes and disks) and to discuss with its officers and employees its performance under this Agreement.
(d) At its expense timely and fully perform and comply with all terms and provisions, if any, required to be observed by it under the Financing Order, the Tariff and any Revised Tari...