Common use of Covenants of the Certificateholder Clause in Contracts

Covenants of the Certificateholder. The Certificateholder agrees: (a) to be bound by the terms and conditions of the Certificate of which the Holder is the beneficial owner and of this Agreement, including any supplements or amendments hereto and to perform the obligations of a Holder as set forth therein or herein, in all respects as if it were a signatory hereto. This undertaking is made for the benefit of the Trust and the Owner Trustee; and (b) except as expressly provided in Sections 4.5 and 10.12, not to, for any reason, take any Bankruptcy Action.

Appears in 112 contracts

Sources: Trust Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2023-2)

Covenants of the Certificateholder. The Certificateholder agrees: (a) to be bound by the terms and conditions of the Certificate of which the Holder is the beneficial owner and of this Agreement, including any supplements or amendments hereto and to perform the obligations of a Holder as set forth therein or herein, in all respects as if it were a signatory hereto. This undertaking is made for the benefit of the Trust and the Owner Trustee; and (b) except as expressly provided in Sections 4.5 and 10.1210.13, not to, for any reason, take any Bankruptcy Action.

Appears in 42 contracts

Sources: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2025-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2025-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3)

Covenants of the Certificateholder. The ---------------------------------- Certificateholder agrees: : (a) to be bound by the terms and conditions of the Certificate of which the Holder is the beneficial owner and of this Agreement, including any supplements or amendments hereto and to perform the obligations of a Holder as set forth therein or herein, in all respects as if it were a signatory hereto. This undertaking is made for the benefit of the Trust Trust, the Owner Trustee and the Owner TrusteeSecurity Insurer; and (b) except as expressly provided in Sections 4.5 and 10.12, not to, for any reason, take any Bankruptcy Action.

Appears in 1 contract

Sources: Trust Agreement (Americredit Financial Services Inc)

Covenants of the Certificateholder. The Certificateholder agrees:[s] (a) to be bound by the terms and conditions of the Certificate of which the Holder is the beneficial owner and of this Agreement, including any supplements or amendments hereto and to perform the obligations of a Holder as set forth therein or herein, in all respects as if it were a signatory hereto. This undertaking is made for the benefit of the Trust and the Owner Trustee; and (b) except as expressly provided in Sections 4.5 and 10.12, not to, for any reason, take any Bankruptcy Action.

Appears in 1 contract

Sources: Trust Agreement (Afs Sensub Corp.)