H.A.R.C. definition
Examples of H.A.R.C. in a sentence
The execution, delivery and performance of this Agreement and the Conveyance Papers by HARC and the fulfillment of the terms contemplated herein and therein applicable to HARC will not conflict with or violate any requirements of law applicable to HARC.
The right granted in the foregoing proviso is subject to the further condition that any such successor or other Person shall expressly assume by written agreement, in form and substance satisfactory to HARC, the obligations of Seller hereunder and under the Conveyance Papers.
HARC is willing to accept such conveyance subject to the terms and conditions hereof.
HARC is a corporation duly organized and validly existing under the laws of the State of Nevada and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently conducted and to execute, deliver and perform its obligations under this Agreement and the Conveyance Papers.
No failure to exercise and no delay in exercising, on the part of HARC or Seller, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
In the event that Seller receives collections or recoveries with respect to the Receivables, Seller agrees to pay to HARC (or to the Master Servicer if HARC so directs) all such collections and recoveries to the extent such amounts are payable to HARC as soon as practicable after receipt thereof.
HARC has agreed to purchase from time to time from Seller, and Seller, pursuant to this Agreement, has agreed to transfer from time to time to HARC the Receivables and the Other Conveyed Property.
The execution and delivery of this Agreement and the Conveyance Papers and the consummation of the transactions provided for in this Agreement and the Conveyance Papers have been duly authorized by HARC by all necessary corporate action on the part of HARC.
In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full.
Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties and the related Owner Trustee on behalf of the related Certificateholders.