Impairment of Rights. It shall not take any action, or fail to take any action, if such action or failure to take action (x) is reasonably likely to have a Material Adverse Effect or (y) is reasonably likely to interfere with the enforcement of any rights of the Insurer under or with respect to any of the Transaction Documents. It shall give the Insurer written notice of any such action or failure to act promptly prior to the date of consummation of such action or failure to act. It shall furnish to the Insurer all information requested by it that is reasonably necessary to determine compliance with this paragraph.
Appears in 13 contracts
Samples: Insurance and Indemnity Agreement (Americredit Automobile Receivable Trust 2005-D-A), Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2007-B), Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC)
Impairment of Rights. It shall not take any action, or fail to take any action, if such action or failure to take action (x) is reasonably likely to have a Material Adverse Effect or (y) is reasonably likely to interfere with the enforcement of any rights of the Insurer under or with respect to any of the Transaction Documents. It shall give the Insurer written notice of any such action or failure to act promptly prior to the date of consummation of such action or failure to act. It shall furnish to the Insurer all information requested by it the Insurer that is reasonably necessary to determine compliance with this paragraph.
Appears in 10 contracts
Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC), Insurance and Indemnity Agreement (Americredit Automobile Receivable Trust 2005-D-A)