Examples of Series Support in a sentence
Whenever a determination is to be made under this Agreement as to whether a given event, action, course of conduct or set of facts or circumstances could or would have a material adverse effect on the Noteholders or Certificateholders (or any similar or analogous determination), such determination shall be made without taking into account the funds available from claims under any policy or other Series Support.
The Depositor makes the following representations and warranties on which the Owner Trustee relies in accepting the Owner Trust Estate in trust and executing the Certificates and Notes and upon which any Support Provider relies in providing any Series Support.
The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any Indebtedness except for (i) the Notes, (ii) obligations owing from time to time to a Series Support Provider under the related agreement regarding Series Support, if any and (iii) any other Indebtedness permitted by or arising under the Basic Documents and the Series Supplement.
The Support Provider, if any, may disclaim any of its rights and powers under this Agreement (but not its duties and obligations under any Series Support) upon delivery of a written notice to the Owner Trustee.
The Seller makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables and on which the Noteholders are deemed to have relied on in the purchasing of Notes and any Additional Principal Amount and on which each Support Provider shall be deemed to have relied on providing the Series Support.
This Agreement shall also inure to the benefit of any Series Support Provider for so long as a Support Default shall not have occurred and be continuing.
The Owner Trustee shall give prompt written notice to the Depositor, the Certificateholders and (unless a Support Default shall have occurred and be continuing) any Series Support Provider of any change in the location of the Certificate Register or any such office or agency.
If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee or any Series Support Provider may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee.
Without limiting the generality of the foregoing, all covenants and agreements in this Agreement which confer rights upon any Series Support Provider shall be for the benefit of and run directly to any Series Support Provider, and any Series Support Provider shall be entitled to rely on and enforce such covenants, subject, however, to the limitations on such rights provided in this Agreement and the Basic Documents.
The Series Support Provider, if any, may disclaim any of its rights and powers under this Agreement (but not its duties and obligations under any Series Support Provider) upon delivery of a written notice to the Owner Trustee.