Common use of No Other Business Clause in Contracts

No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by the Basic Documents and activities incidental thereto.

Appears in 122 contracts

Samples: Toyota Auto Receivables 2024-B Owner Trust, Toyota Auto Receivables 2024-B Owner Trust, Toyota Auto Receivables 2024-a Owner Trust

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No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables and other property comprising the Owner Trust Estate in the manner contemplated by the Basic Documents and activities incidental thereto.

Appears in 38 contracts

Samples: Nissan Auto Receivables 2024-a Owner Trust, Nissan Auto Receivables 2024-a Owner Trust, Indenture (Nissan Auto Receivables 2019-C Owner Trust)

No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables and other property comprising the Trust Estate in the manner contemplated by the Basic Documents and activities incidental thereto.

Appears in 12 contracts

Samples: Indenture (Nissan Auto Receivables 2015-C Owner Trust), Indenture (Nissan Auto Receivables 2015-C Owner Trust), Indenture (Nissan Auto Receivables Corp Ii)

No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by the Basic Documents and activities incidental thereto.

Appears in 2 contracts

Samples: Tia Indenture (Toyota Motor Credit Receivables Corp), Toyota Motor Credit Corp

No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business (Nissan 2003-B Indenture) other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by the Basic Documents and activities incidental thereto.

Appears in 1 contract

Samples: Nissan Auto Receivables 2003-B Owner Trust

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No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by the Basic Documents and activities incidental thereto.. (Nissan 2008-B Indenture)

Appears in 1 contract

Samples: Indenture (Nissan Auto Receivables 2008-B Owner Trust)

No Other Business. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not engage in any business other than financing, purchasing, owning, selling and managing the Receivables in the manner contemplated by the Basic Documents and activities incidental thereto.. <R>

Appears in 1 contract

Samples: Toyota Auto Finance Receivables LLC

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