Common use of No Violation Clause in Contracts

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

Appears in 93 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2013-B Owner Trust), Form of Sale and Servicing Agreement (Toyota Auto Receivables 2017-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2019-a Owner Trust)

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No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller Purchaser or any indenture, agreement or other instrument to which the Seller Purchaser is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerPurchaser’s knowledge, any order, rule or regulation applicable to the Seller Purchaser of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Purchaser or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerPurchaser.

Appears in 87 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2011-a Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2020-D Owner Trust), Form of Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

Appears in 87 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2020-a Owner Trust), Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Receivables 2017-D Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

Appears in 67 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2005-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2006-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2011-B Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

Appears in 47 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2016-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2019-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2010-a Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Servicer or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s Servicer's knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the SellerServicer.

Appears in 17 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

Appears in 17 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2002 B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2004-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s Depositor's knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

Appears in 17 contracts

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii), Trust Agreement (Nissan Auto Receivables Corp /De), Trust Agreement (Nissan Auto Receivables 2003-C Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement governing documents of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

Appears in 15 contracts

Samples: Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables 2022-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2019-C Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement governing documents of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2020-a Owner Trust), Sale and Servicing Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Sale and Servicing Agreement (Nissan Auto Receivables 2021-a Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller 49 or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2016-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2016-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2016-C Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall do not conflict with, result in any with or breach of any of the terms and or provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller or Transferor, any material indenture, agreement or other instrument to which the Seller Transferor is a party or by which it shall be bound; nor result in the creation or imposition of any material Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s Transferor's knowledge, any order, rule or regulation applicable to the Seller Transferor of any court or of any federal or state State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferor or its properties properties, which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerTransferor to perform its obligations under this Agreement.

Appears in 5 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2003-A)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall do not conflict with, result in any with or breach of any of the terms and or provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller or Depositor, any material indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any material Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties, which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

Appears in 5 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan-Infiniti Lt), Trust Agreement (Nissan-Infiniti Lt)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Receivables Corp), Sale and Servicing Agreement (Toyota Motor Credit Receivables Corp), Sale and Servicing Agreement (Toyota Motor Credit Receivables Corp)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Transferor or any indenture, agreement or other instrument to which the Seller Transferor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerTransferor’s knowledge, any order, rule or regulation applicable to the Seller Transferor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferor or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerTransferor.

Appears in 4 contracts

Samples: Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust)

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No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, the its Certificate of Formation Incorporation or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.

Appears in 3 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller 44 or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2010-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2010-B Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, under the Certificate of Formation Incorporation or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this ------------ Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Servicer or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the SellerServicer’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal or state regulatory body, administrative agency or other 50 governmental instrumentality having jurisdiction over the Seller Servicer or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or earnings, business affairs of the SellerServicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2013-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2013-B Owner Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Transferee or any indenture, agreement or other instrument to which the Seller Transferee is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerTransferee’s knowledge, any order, rule or regulation applicable to the Seller Transferee of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferee or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerTransferee.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (Toyota Lease Trust), Subi Certificate Transfer Agreement (Toyota Lease Trust)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, 6 default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.. (vi)

Appears in 1 contract

Samples: Receivables Purchase Agreement

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Servicer or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the SellerServicer’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the SellerServicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller Purchaser, or any material indenture, agreement or other instrument to which the Seller Purchaser is a party or by which it shall be is bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture, agreement or other instrument (other than pursuant to the Basic Documents), ; nor violate any law Applicable Law or, to the best of the SellerPurchaser’s knowledge, any order, rule or regulation applicable to the Seller Purchaser of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality Governmental Authority having jurisdiction over the Seller Purchaser or its properties properties, which conflict, breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings performance by the Purchaser of its obligations under, or business affairs the validity or enforceability of the SellerPurchaser Basic Documents, the Receivables or the Securities.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Daimler Retail Receivables LLC)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp)

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