Common use of Control of Seller Clause in Contracts

Control of Seller. So long as the Notes remain outstanding, the Originator will not (i) sell, pledge or otherwise transfer any membership interest in the Seller held by the Originator or any capital stock of IKON Receivables Funding Inc. (the manager of the Seller and the Issuer) held by the Originator or (ii) vote such membership interests in the Seller in favor of any amendment to or alteration of the certificate of formation or limited liability company agreement of the Seller or any such capital stock of IKON Receivables Funding Inc. in favor of any amendment to or alteration of the certificate of incorporation or by-laws of the Manager.

Control of Seller. So long as the Notes remain outstanding, the Originator will not (i) sell, pledge or otherwise transfer any membership interest in the Seller held by the Originator or any capital stock of IKON Receivables Funding Funding, Inc. (the manager of the Seller and the Issuer) held by the Originator or (ii) vote such membership interests in the Seller in favor of any amendment to or alteration of the certificate of formation or limited liability company agreement of the Seller or any such capital stock of IKON Receivables Funding Funding, Inc. in favor of any amendment to or alteration of the certificate of incorporation or by-laws of the Manager.