Covenants of Trust Company Sample Clauses

Covenants of Trust Company. Trust Company further -------------------------- covenants to and with each of the other parties hereto that Trust Company will keep the Transpon ders, Lessor's Estate and the Indenture Estate free and clear of Lessor Liens attributable to it, and Trust Company shall pay, and shall indemnify and hold harmless each other Indemnitee, and each Lessee (and each of such Lessee's respective successors, assigns, officers, directors, servants, employees and agents) from, any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements, including legal fees and expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any such Person as the result of the failure of Trust Company to comply with this Section 5.03. ------------
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Covenants of Trust Company. (a) The Trust Company shall give at least thirty (30) days prior written notice to Agent, each Instrument Holder and Lessee of any change in the place of business of, or the change in the legal, trade or fictitious business names used by Trust Company and shall, upon Agent's or Lessee's request, execute any additional certificates or instruments that Agent may deem appropriate or necessary in connection with any such change.
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Covenants of Trust Company. Prior to the Effective Time, Seller shall take no action other than as contemplated by this Agreement or as shall be necessary to effect the transactions contemplated by this Agreement or to carry on the business with respect to the Trust Accounts in the ordinary course consistent with the past practice of Seller with respect to such accounts. All cash money accounts and securities accounts of the Trust Accounts will be in balance as of the Closing Date, except for overdrafts incurred in the ordinary course of Seller's personal trust business.
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Covenants of Trust Company. Prior to the Effective Time, Trust Company shall take no action other than as contemplated by this Agreement or as shall be necessary to effect the transactions contemplated by this Agreement or to carry on the business with respect to the Trust Accounts in the ordinary course consistent with the past practice of HSBC with respect to such accounts. Without limiting the foregoing, HSBC will conduct periodic rebalancing of the Trust Accounts within 45 days of the Closing Date so as to assure that each Trust Account has sufficient cash to meet funding requirements for at least 60 days subsequent to the Closing Date. All cash money accounts and securities accounts of the Trust Accounts will be in balance as of the Closing Date, except for overdrafts incurred in the ordinary course of HSBC’s personal trust business. ARTICLE VI ADDITIONAL AGREEMENTS 6.1
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Covenants of Trust Company. Prior to the Effective Time, Trust Company shall take no action other than as contemplated by this Agreement or as shall be necessary to effect the transactions contemplated by this Agreement or to carry on the business with respect to the Trust Accounts in the ordinary course consistent with the past practice of Seller with respect to such accounts. All cash money accounts and securities accounts of the Trust Accounts will be in balance as of the Closing Date, except for overdrafts incurred in the ordinary course of Seller’s personal trust business.
Sample 1
Covenants of Trust Company. Trust Company covenants and agrees with Lessee, the Note Purchaser, Owner Participant and Collateral Agent that (a) it will not directly or indirectly create, incur, assume or suffer to exist any Lessor Liens attributable to it on the Equipment, the Trust Estate or the Collateral Estate, (b) it will, in its individual capacity and at its own cost and expense, promptly take such action in its individual capacity as may be necessary to discharge fully such Lessor Liens arising by, through or under it in its individual capacity on the Trust Estate, and (c) during the Term, it will not sell, transfer, assign or otherwise dispose of all or any part of the Trust Estate except to a successor trust company acting as trustee under the Trust Agreement.
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Related to Covenants of Trust Company

  • Agreements and Covenants of Trustee The Trustee hereby agrees and covenants to:

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

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

  • 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:

  • 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.

  • Representations and Covenants of the Trust A. The Trust hereby represents and warrants to the Distributor, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that:

  • Covenants of the Transferor The Transferor hereby covenants that:

  • Covenants of the Subadviser (a) Subadviser will promptly notify the Trust and Manager in writing of the occurrence of any event which could have a material impact on the performance of its obligations pursuant to this Agreement, including without limitation:

  • Covenants of the Holder The Holder hereby agrees and covenants that:

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

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