Common use of Covenants of Servicer Clause in Contracts

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy insurance policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (ia) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (iib) in connection with repossession or (iiic) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which repossession, nor shall the Servicer would not attempt to collect impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in accordance with its Customary Servicing Practicessuch Receivable, (ii) in connection with repossession nor shall the Servicer increase the number of scheduled payments due under a Standard Receivable or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed VehicleFixed Value Receivable.

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (ia) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (iib) in connection with repossession or (iiic) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the (a) The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy insurance policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which repossession, nor shall the Servicer would not attempt to collect impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in accordance with its Customary Servicing Practicessuch Receivable, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehiclenor shall the Servicer increase the number of scheduled payments due under a Receivable.

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (ia) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (iib) in connection with repossession or (iiic) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the The Servicer will not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) Practices or in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which repossession, nor shall the Servicer would not attempt to collect impair the rights of the Trust or the Certificateholders in accordance with its Customary Servicing Practicessuch Receivables, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehiclenor shall the Servicer increase the number of scheduled payments due under a Receivable.

Covenants of Servicer. Unless required by law or court order, the The Servicer will not (i) release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) Practices or in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed VehicleVehicle or (ii) reduce the Contract Rate or Principal Balance with respect to any Receivable other than as required by applicable law.

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) Practices or in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

Covenants of Servicer. Unless required by law or court order, the Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy insurance policy covering such Financed Vehicle.. (NAROT 2018-A Sale and Servicing Agreement)

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part (except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less repossession, or except as ordered by a deficiency which court of competent jurisdiction), nor shall the Servicer would not attempt to collect impair the rights of the Issuer, the Indenture Trustee, the Residual Interestholder or the Noteholders in accordance with its Customary Servicing Practicessuch Receivable, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehiclenor shall the Servicer increase the number of scheduled payments due under a Receivable.

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part (except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less repossession, or except as ordered by a deficiency which court of competent jurisdiction), nor shall the Servicer would not attempt to collect impair the rights of the Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in accordance with its Customary Servicing Practicessuch Receivable, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehiclenor shall the Servicer increase the number of scheduled payments due under a Receivable.

Covenants of Servicer. Unless required by law or court order, the The Servicer will shall not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which repossession, nor shall the Servicer would not attempt to collect impair the rights of the Trust or the Certificateholders in accordance with its Customary Servicing Practicessuch Receivables, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehiclenor shall the Servicer increase the number of scheduled payments due under a Standard Receivable.

Covenants of Servicer. Unless required by law or court order, the The Servicer will not (i) release the Financed Vehicle securing any each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency amount which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) Practices or in connection with repossession or (iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed VehicleVehicle or (ii) reduce the Contract Rate or Principal Balance with respect to any Receivable other than as required by applicable law.