Actions under the Transaction Documents Sample Clauses

The "Actions under the Transaction Documents" clause defines the procedures and authority for parties to take actions or exercise rights as specified in the transaction documents. It typically outlines who is authorized to act on behalf of each party, the manner in which notices or consents must be given, and any conditions or limitations on such actions. For example, it may require that certain actions be taken only with written consent or through designated representatives. This clause ensures that all parties understand the correct process for implementing or enforcing the terms of the agreement, thereby reducing the risk of unauthorized actions and promoting orderly administration of the transaction.
Actions under the Transaction Documents. (a) Except as otherwise provided in Section 8.7(d), the Issuer will not, nor will permit any other Securitization Entity to, take any action that would permit any Holdco Entity or any other Person party to a Transaction Document to have the right to refuse to perform any of its respective obligations under any of the Transaction Documents or that would result in the amendment, waiver, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Transaction Document. (b) Except as otherwise provided in Section 8.7(d), the Issuer will not, nor will permit any other Securitization Entity to, take any action which would permit any other Person party to a Franchise Document to have the right to refuse to perform any of its respective obligations under such Franchise Document or that would result in the amendment, waiver, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, such Franchise Document if such action when taken on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the Management Agreement. (c) The Issuer will not, nor will permit any other Securitization Entity to, without the prior written consent of the Control Party, except as otherwise provided hereunder, exercise any right, remedy, power or privilege available to it with respect to any obligor under a Collateral Document or under any instrument or agreement included in the Collateral, take any action to compel or secure performance or observance by any such obligor of its obligations to the Issuer or such other Securitization Entity or give any consent, request, notice, direction or approval with respect to any such obligor if such action when taken on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the Management Agreement. (d) The Issuer will not, nor will it permit any other Securitization Entity to, without the prior written consent of the Control Party, amend, modify, waive, supplement, terminate or surrender, or agree to any amendment, modification, waiver, supplement, termination or surrender of, the terms of any of the Transaction Documents (other than any Class A-1 Note Purchase Agreement), subject to Section 13.1 or the terms of such other Transaction Documents. (e) Upon the occurrence of a Manager Termination Event under the Management Agreement, (i) the Issuer will not, nor will permit any other Secu...
View SourceView Similar (12)
Actions under the Transaction Documents. (a) Except as otherwise provided in Section 8.7(d), no Co-Issuer will, nor will it permit any other Service Recipient to, take any action that would permit any Driven Brands Entity or any other Person party to a Transaction Document to have the right to refuse to perform any of its respective obligations under any of the Transaction Documents or that would result in the amendment, waiver, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Transaction Document.
View Source
Actions under the Transaction Documents 
View Source

Related to Actions under the Transaction Documents

  • Descriptions of the Transaction Documents Each Transaction Document conforms in all material respects to the description thereof contained in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Description of the Transaction Documents The Transaction Documents will conform in all material respects to the respective statements relating thereto contained in the Offering Memorandum.

  • Amendments to Transaction Documents Without the consent of the Administrative Agent, amend, modify or otherwise change any of the terms or provisions of any Transaction Document other than (i) supplements identifying Solar Loans to be transferred in connection with each transfer of Solar Loans and the related Solar Assets from time to time in accordance with the Sale and Contribution Agreement or this Agreement, (ii) amendments, supplements or other changes in accordance with the terms of the applicable Transaction Document, and (iii) amendments, supplements or other changes with respect to exhibits and schedules to any Transaction Document that would not reasonably be expected to have a material adverse effect on the value, enforceability, or collectability of the Collateral or adversely affect Collections.

  • Other Transaction Documents Each representation and warranty made by the Servicer under each other Transaction Document to which it is a party (including, without limitation, the Purchase and Sale Agreement) is true and correct in all material respects as of the date when made.

  • Transaction Agreements Except as expressly set forth herein, this Agreement is not intended to address, and should not be interpreted to address, the matters specifically and expressly covered by the other Transaction Agreements.