Covenants of the Depositor and Ryder Sample Clauses

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Covenants of the Depositor and Ryder. The Depositor and Ryder jointly and severally covenant with each Underwriter as follows:

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Related to Covenants of the Depositor and Ryder

• Covenants of the Depositor The Depositor covenants and agrees with the Underwriters that:

• Covenants of the Trust Depositor In the event that any litigation with claims in excess of $1,000,000 to which the Trust Depositor is a party which shall be reasonably likely to result in a material judgment against the Trust Depositor that the Trust Depositor will not be able to satisfy shall be commenced, during the period beginning immediately following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Trust Depositor, such judgment has been satisfied), the Trust Depositor shall not pay any dividend to the Servicer, or make any distribution on or in respect of its capital stock to the Servicer, or repay the principal amount of any indebtedness of the Trust Depositor held by the Servicer, unless after giving effect to such payment, distribution or repayment, the Trust Depositor’s liquid assets shall not be less than the amount of actual damages claimed in such litigation.

• Covenants of the Master Servicer and each Servicer The Master Servicer and each Servicer, severally and not jointly, hereby covenants to the Depositor, the Trustee and the Trust Administrator as follows:

• Covenants of the Master Servicer The Master Servicer hereby covenants to the Depositor and the Trustee as follows:

• Covenants of the Trust The Trust covenants and agrees to the following:

• Covenants of the Servicer At all times from the Closing Date until the Final Payout Date:

• Affirmative Covenants of the Servicer From the Closing Date until the Collection Date:

• Negative Covenants of the Servicer From the Closing Date until the Collection Date:

• Covenants of the Sponsor The Sponsor agrees and covenants for the benefit of each Certificateholder, the Note Insurer and the Owner Trustee, during the term of this Agreement, and to the fullest extent permitted by applicable law, that:

• Representations, Warranties and Covenants of the Master Servicer and the Depositor (a) The Master Servicer hereby represents and warrants to the Trustee for the benefit of the Certificateholders that: