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 hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws of the Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; or 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); or 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.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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); or 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.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws of the SellerCNHCR, or any indenture, agreement or other instrument to which the Seller CNHCR is a party or by which it shall be is bound; or 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 DocumentsSale and Servicing Agreement and the Indenture); or violate any law or, to the best of the SellerCNHCR’s knowledge, any order, rule or regulation applicable to the Seller CNHCR of any court or of any federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller CNHCR or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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); or 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 Federal or State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof or thereof do not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerAdministrator, or any indenture, agreement or other instrument to which the Seller Administrator is a party or by which it shall be bound; or 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 pursuant to the Basic Documents); or nor violate any law or, to the best knowledge of the Seller’s knowledgeAdministrator, any order, rule or regulation applicable to the Seller Administrator of any court or of any federal Federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Administrator or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof or thereof do not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerAdministrator, or any indenture, agreement or other instrument to which the Seller Administrator is a party or by which it shall be bound; or 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 pursuant to the Basic Documents); or nor violate any law or, to the best knowledge of the Seller’s knowledgeAdministrator, any order, rule or regulation applicable to the Seller Administrator of any court or of any federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Administrator or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any other material indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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 except as contemplated in the Basic DocumentsIndenture and as set forth in the Sale Agreement); or nor violate any law or, to the best of the Seller’s knowledge, or any order, rule or regulation applicable to the Seller Servicer of any court or of any federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation by the Servicer of the transactions contemplated by this Agreement and the fulfillment by the Servicer of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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 as contemplated by the Basic Documents); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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 as contemplated by the Basic Documents); or 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 Federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; or (ii) 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 pursuant to the Basic Documents); or (iii) 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties.

No Violation. The consummation of the transactions contemplated by this Servicing Agreement and the fulfillment of the terms hereof do not thereof will not: (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate organizational documents of formation, limited liability company the Servicer or any indenture or other agreement or by-laws of the Seller, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be or any of its property is bound; or (ii) 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 any Lien that may be granted under the Basic Documents); or (iii) violate any existing law or, to the best of the Seller’s knowledge, or any existing 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 Governmental Authority having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerServicer, or any material term of any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement agreement, or other instrument to which the Seller Servicer is a party or by which it shall be bound; or nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement agreement, or other instrument (other than the Basic Documentsthis Agreement); or nor violate any law or, to the best of the Seller’s Servicer's knowledge, any order, rule rule, or regulation applicable to the Seller Servicer of any court or of any federal or State regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do does not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerServicer, or any material term of any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the Intercreditor Agreement and the fulfillment of the terms hereof do of each such transaction will not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws organizational documents of the SellerServicer, or any indenture, indenture or other agreement or other instrument to which the Seller Servicer is a party or by which it shall be or any of its property is bound; or 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 any Lien that may be granted under the Basic DocumentsDocuments or any Lien created pursuant to Section 4928.2312(C)(2) of the Securitization Law); or nor violate any existing law or, to the best of the Seller’s knowledge, or any existing 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 Governmental Authority having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not conflict withviolate, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate of formation, limited liability company agreement charter or by-laws of the SellerTransferor, or any material indenture, material agreement or other material instrument to which the Seller Transferor is a party or by which it shall be bound; or nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture, material agreement or other material instrument (other than pursuant to the Basic Documents); or nor violate any material law or, to the best knowledge of the Seller’s knowledgeTransferor, any material order, rule or regulation applicable to the Seller it 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.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerServicer, or any material term of any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and any Intercreditor Agreement and the fulfillment of the terms hereof do of each such transaction will not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws organizational documents of the SellerServicer, or any indenture, indenture or other agreement or other instrument to which the Seller Servicer is a party or by which it shall be or any of its property is bound; or 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 any Lien that may be granted under the Basic DocumentsDocuments or any Lien created pursuant to Section 24-2-4f(o) of the Securitization Law); or nor violate any existing law or, to the best of the Seller’s knowledge, or any existing 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 Governmental Authority having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this the Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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 DocumentsAgreement); or nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal Federal or State regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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 DocumentsAgreement); or nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal Federal or State regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any material breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other material instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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 material instrument (other than the Basic DocumentsCollateral Agreement); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions s contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement agreement, or other instrument to which the Seller Servicer is a party or by which it shall be bound; or nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement agreement, or other instrument (other than the Basic Documentsthis Agreement); or nor violate any law or, to the best of the Seller’s Servicer's knowledge, any order, rule rule, or regulation applicable to the Seller Servicer of any court or of any federal or State regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by ------------ this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerServicer, or any material term of any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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); or nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal Federal or State regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this the Transfer and Servicing Agreement and the fulfillment of the terms hereof thereof do not conflict withviolate, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of timetime or both) a default under, the certificate of formation, limited liability company agreement or by-laws Operating Agreement of the SellerDepositor, or any material indenture, material agreement or other material instrument to which the Seller Depositor is a party or by which it shall be bound; or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture, material agreement or other material instrument (other than pursuant to the Basic Documents); or nor violate any material law or, to the best knowledge of the Seller’s knowledgeDepositor, any material order, rule or regulation applicable to the Seller it 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.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; or (ii) 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 pursuant to the Basic Documents); or (iii) 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement Supplement and the fulfillment of the terms hereof or thereof do not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate of formation, limited liability company agreement charter or byBy-laws of the SellerAdministrator, or any indenture, agreement or other instrument to which the Seller Administrator is a party or by which it it 06.1 Administration Agreement shall be bound; or 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 pursuant to the Basic Documents); or nor violate any law or, to the best knowledge of the Seller’s knowledgeAdministrator, any order, rule or regulation applicable to the Seller Administrator of any court or of any federal Federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Administrator or its properties.

No Violation. The consummation of the transactions contemplated by this by------------this Agreement and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerCompany, or any material term of any indenture, agreement or other instrument to which the Seller Company is a party or by which it shall be is bound; or 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 Documentspursuant to this Agreement); or violate any law or, to the best of the Seller’s Company's knowledge, any order, rule or regulation applicable to the Seller Company of any court or of any federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Company or its properties.

No Violation. The consummation of the transactions contemplated by this the Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement agreement, or other instrument to which the Seller Servicer is a party or by which it shall be bound; or nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement agreement, or other instrument (other than the Basic DocumentsAgreement); or nor violate any law or, to the best of the Seller’s Servicer's knowledge, any order, rule rule, or regulation applicable to the Seller Servicer of any court or of any federal or State state regulatory body, administrative agency agency, or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.; and

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment fulfilment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of timetime or both) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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); or 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 provincial regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by ------------ this Agreement and the fulfillment of the terms hereof do does not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws bylaws of the SellerServicer, or any material term of any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be is bound; or 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); or 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 state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof or thereof do not conflict with, result in any breach of any of the terms and provisions of, or nor constitute (with or without notice or lapse of timetime or both) a default under, the certificate charter, articles of formation, limited liability company agreement incorporation or by-laws by­laws of the SellerAdministrator, or any indenture, agreement or other instrument to which the Seller Administrator is a party or by which it shall be bound; or 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 pursuant to the Basic Documents); or Documents); nor violate any law or, to the best knowledge of the Seller’s knowledgeAdministrator, any order, rule or regulation applicable to the Seller Administrator of any court or of any federal Federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Administrator or its properties.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate articles of formation, limited liability company agreement incorporation or by-laws of the SellerDepositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; or (ii) 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 pursuant to the Basic Documents); or (iii) 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.

No Violation. The consummation by ALER of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, of or constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws of the SellerALER, or any indenture, agreement agreement, mortgage, deed of trust or other instrument to which the Seller ALER is a party or by which it shall be is bound; , or 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, any PA Assignment or any Transfer and Servicing Agreement); , or violate any law or, to the best of the Seller’s ALER's knowledge, any order, rule or regulation applicable to the Seller ALER of any court or of any federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller ALER or any of its properties.;

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms hereof do shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation, limited liability company agreement or by-laws of the SellerServicer, or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; or 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); or 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 Federal or State state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties.