Common use of Control of Company Clause in Contracts

Control of Company. So long as any of the Notes or the other obligations secured by the Indenture remain outstanding, the Seller will not (i) sell, pledge or otherwise transfer any of the capital stock in the Company held by the Seller or (ii) vote such stock in favor of any amendment to or alteration of the certificate of incorporation of the Company. In furtherance of the Seller's negative covenant pursuant to clause (i) of the preceding sentence, the Seller will deliver to the Trustee on the Closing Date each certificate representing any share of the capital stock of the Company held by the Seller, and the Seller will promptly deliver to the Trustee upon receipt by the Seller each certificate representing any additional shares of the capital stock of the Company at anytime thereafter received by the Seller.

Appears in 4 contracts

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X)

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