Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law and will comply in all material respects with all other applicable law in connection with servicing each Receivable the failure to comply with which would have a material adverse effect on the Seller’s performance of its obligations under this Agreement.
Appears in 12 contracts
Samples: Sale Agreement (UPFC Auto Receivables Trust 2006-B), Receivables Purchase Agreement (California Republic Funding LLC), Sale Agreement (UPFC Auto Receivables Trust 2005-A)
Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law Applicable Law and will comply in all material respects with all other applicable law Applicable Laws in connection with servicing each Receivable the failure to comply with which would have a material adverse effect on the Seller’s performance of its obligations under this Agreement.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Funding LLC)
Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law and will comply in all material respects with all other Requirements of Law applicable law in connection with servicing each Receivable to the Seller, except where any such failure to comply with which would not have a material adverse effect on the Seller’s performance of its ability to perform its obligations under this Agreement.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Ally Wholesale Enterprises LLC), Pooling and Servicing Agreement (SWIFT Master Auto Receivables Trust), Pooling and Servicing Agreement (Wholesale Auto Receivables LLC)
Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law Requirements of Law and will comply in all material respects with all other applicable law in connection with servicing each Receivable Requirements of Law the failure to comply with which would have a material adverse effect on the Seller’s performance of its obligations under this AgreementNoteholders or Certificateholders.
Appears in 2 contracts
Samples: Sale and Servicing (Bank One Auto Securitization LLC), Sale and Servicing (Bank One Auto Securitization Trust 2003-1)
Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law Requirements of Law and will comply in all material respects with all other applicable law in connection with servicing each Receivable Requirements of Law the failure to comply with which would have a material adverse effect on the Seller’s performance of its obligations under this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)
Compliance with Requirements of Law. The Seller shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable, will maintain in effect all qualifications required under applicable law Requirements of Law and will comply in all material respects with all other applicable law in connection with servicing each Receivable Requirements of Law the failure to comply with which would have a material adverse effect on the Seller’s performance of its obligations under this AgreementCertificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bank One Auto Securitization LLC)
