Servicer Covenants Regarding Receivables Sample Clauses

Servicer Covenants Regarding Receivables. The Servicer covenants that from and after the Closing Date:
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Servicer Covenants Regarding Receivables. The Servicer covenants that from and after the [Initial Closing Date with respect to the Initial Receivables and as of each Subsequent Closing Date with respect to the Additional Receivables purchased on each such Subsequent] Closing Date:

Related to Servicer Covenants Regarding Receivables

  • Servicer Defaults If any one of the following events (a “Servicer Default”) shall occur and be continuing:

  • Performance of Obligations; Servicing of Receivables (a) The Issuer will not take any action and will use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Trust Estate or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except in each case as expressly provided in the Basic Documents.

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