Covenants of the Backup Servicer Sample Clauses
Covenants of the Backup Servicer. The Backup Servicer hereby covenants that:
(a) The Backup Servicer will comply in all material respects with all Requirements of Law.
(b) The Backup Servicer will preserve and maintain its existence, rights, franchises and privileges as a national banking association in good standing under the federal laws of the United States.
(c) The Backup Servicer shall perform in all material respects all of its obligations and duties under this Agreement.
Covenants of the Backup Servicer. The Backup Servicer hereby covenants that:
Covenants of the Backup Servicer. (a) Affirmative Covenants. From the date of its appointment until the Facility Termination Date:
Covenants of the Backup Servicer. The Backup Servicer hereby covenants that:
(a) The Backup Servicer will comply in all material respects with all Applicable Law.
(b) The Backup Servicer will preserve and maintain its existence, rights and franchises as a corporation in good standing under the laws of the jurisdiction of its incorporation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby.
(c) The Backup Servicer shall perform in all material respects all of its obligations and duties under this Agreement.
Covenants of the Backup Servicer. From the date hereof until the Facility Termination Date:
Covenants of the Backup Servicer. Appointment of Successor Backup Servicer; Successor Backup Servicer to Act.
Covenants of the Backup Servicer