No Division. Notwithstanding Section 18- 217 of the LLC Act or the Depositor’s limited liability company agreement, for so long as the Notes remain Outstanding, the Depositor shall not divide or enter into a plan of division within the meaning of Section 18- 217 of the LLC Act.
Appears in 3 contracts
Sources: Transfer and Servicing Agreement (Verizon Owner Trust 2019-A), Transfer and Servicing Agreement (Verizon Owner Trust 2019-A), Omnibus Amendment (Verizon Owner Trust 2019-A)