Common use of Compliance Generally Clause in Contracts

Compliance Generally. The Servicer shall take such actions as it shall deem reasonably necessary or appropriate to keep each Person within the Serviced Group in compliance with their obligations and covenants under the Indenture solely to the extent that such obligations and covenants specifically relate to the status, insurance, maintenance or operation of the relevant Asset and at the cost of WEST; provided, however, that the foregoing shall only apply to any Indenture covenants that are set forth in full in the copy of the Indenture delivered by WEST to the Servicer and to any amendments, supplements and waivers thereto that are so delivered to the Servicer, in each case certified by WEST to be true, correct and complete.

Appears in 5 contracts

Samples: Servicing Agreement, Servicing Agreement (Willis Lease Finance Corp), Servicing Agreement (Willis Lease Finance Corp)

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Compliance Generally. The Servicer shall take such actions as it shall deem reasonably necessary or appropriate to keep each Person within WEST and the Serviced Group Subsidiaries in compliance with their obligations and covenants under the Indenture solely to the extent that such obligations and covenants specifically relate to the status, insurance, maintenance or operation of the relevant Asset Engine and at the cost of WEST; provided, however, that the foregoing shall only apply to any Indenture indenture covenants that are set forth in full in the copy of the Indenture delivered by WEST to the Servicer and to any amendments, supplements and waivers thereto that are so delivered to the Servicer, in each case certified by WEST to be true, correct and complete.

Appears in 2 contracts

Samples: Servicing Agreement, Servicing Agreement (Willis Lease Finance Corp)

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Compliance Generally. The Servicer shall take such actions as it shall deem reasonably necessary or appropriate to keep each Person within WEST and the Serviced Group Subsidiaries in compliance with their obligations and covenants under the Indenture solely to the extent that such obligations and covenants specifically relate to the status, insurance, maintenance or operation of the relevant Asset Engine and at the cost of WEST; provided, however, that the foregoing shall only apply to any Indenture covenants that are set forth in full in the copy of the Indenture delivered by WEST to the Servicer and to any amendments, supplements and waivers thereto that are so delivered to the Servicer, in each case certified by WEST to be true, correct and complete.

Appears in 1 contract

Samples: Servicing Agreement (Willis Lease Finance Corp)

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