Covenants of Global Funding Sample Clauses

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Covenants of Global Funding. Global Funding covenants and agrees with each Agent as follows:

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Related to Covenants of Global Funding

• Covenants of the Depositor The Depositor covenants and agrees with the Underwriters that:

• Covenants of the Company The Company covenants with each Underwriter as follows:

• Covenants of the Holder The Holder hereby agrees and covenants that:

• Covenants of the Trust The Trust covenants and agrees to the following:

• Covenants of the Trust Depositor In the event that any litigation with claims in excess of $1,000,000 to which the Trust Depositor is a party which shall be reasonably likely to result in a material judgment against the Trust Depositor that the Trust Depositor will not be able to satisfy shall be commenced, during the period beginning immediately following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Trust Depositor, such judgment has been satisfied), the Trust Depositor shall not pay any dividend to the Servicer, or make any distribution on or in respect of its capital stock to the Servicer, or repay the principal amount of any indebtedness of the Trust Depositor held by the Servicer, unless after giving effect to such payment, distribution or repayment, the Trust Depositor’s liquid assets shall not be less than the amount of actual damages claimed in such litigation.

• Covenants of the Issuer All covenants of the Issuer in this Indenture are covenants of the Issuer and are not covenants of the Owner Trustee. The Owner Trustee is, and any successor Owner Trustee under the Trust Agreement will be, entering into this Indenture solely as Owner Trustee under the Trust Agreement and not in its respective individual capacity, and in no case whatsoever shall the Owner Trustee or any such successor Owner Trustee be personally liable on, or for any loss in respect of, any of the statements, representations, warranties or obligations of the Issuer hereunder, as to all of which the parties hereto agree to look solely to the property of the Issuer.

• Covenants of the Bank The Bank covenants and agrees with the Underwriters that:

• COVENANTS OF THE DEBTOR So long as this Security Agreement remains in effect Debtor covenants and agrees:

• Covenants of Parent Parent agrees that:

• COVENANTS OF THE STOCKHOLDER Section 1.01.