Common use of Maintain Interest Clause in Contracts

Maintain Interest. (i) It shall, with respect to any and all Purchased Contracts and security interests in Vehicles sold hereunder, at its expense, perform all acts and execute all documents requested by Recco, the Servicer, the Collateral Agent, the Surety Provider, the Administrative Agent or any Group Agent as the case may be, at any time to evidence, perfect, maintain and enforce the ownership interest and security interest, respectively, of Recco and the Collateral Agent therein and the first priority of such ownership interest and security interest, respectively. It will, at the request of a duly authorized officer of Recco, the Servicer, the Collateral Agent, the Surety Provider, any Group Agent, or the Administrative Agent, prepare and deliver financing statements evidencing the ownership interest of Recco in all of the foregoing, which financing statements must be satisfactory in form and substance to the Administrative Agent, each Group Agent and the Surety Provider, and the Seller authorizes Recco to file one or more financing statements. It also hereby irrevocably appoints Recco its attorney-in-fact to file one or more financing statements on behalf of the Seller. (ii) It will not, without providing 30 days' notice to Recco, the Collateral Agent, the Surety Provider, the Administrative Agent, each Group Agent, and without filing such new financing statements or such amendments to any previously filed financing statements as Recco, the Servicer, the Collateral Agent, the Surety Provider, the Administrative Agent or any each Group Agent may require, (A) change, without limiting the provisions of Section 4.3(q), its state of incorporation or (B) change its name, identity or corporate structure in any manner which might make any financing statement or continuation statement filed by it pursuant to the transactions contemplated hereby seriously misleading within the meaning of 9-506 (or any successor provision) of any applicable enactment of the UCC. (iii) It will not change its principal place of business or its chief executive office or the location of the office where the Files relating to the Contracts are kept to a location outside the United States.

Maintain Interest. (i) It shall, with respect to any and all Purchased Contracts and security interests in Vehicles sold hereunder, at its expense, perform all acts and execute all documents requested by Recco, the Servicer, the Collateral Agent, the Surety ProviderProvider or the Program Manager, the Administrative Agent or any Group Agent as the case may be, at any time to evidence, perfect, maintain and enforce the ownership interest and security interest, respectively, of Recco and the Collateral Agent therein and the first priority of such ownership interest and security interest, respectively. It will, at the request of a duly authorized officer of Recco, the Servicer, the Collateral Agent, the Surety Provider, any Group Agent, Provider or the Administrative AgentProgram Manager, prepare and deliver financing statements evidencing the ownership interest of Recco in all of the foregoing, which financing statements must be satisfactory in form and substance to the Administrative Agent, each Group Agent Program Manager and the Surety Provider, and the Seller authorizes Recco to file one or more financing statements. It also hereby irrevocably appoints Recco its attorney-in-fact to file one or more financing statements on behalf of the Seller. (ii) It will not, without providing 30 days' notice to Recco, the Collateral Agent, the Surety Provider, Provider and the Administrative Agent, each Group AgentProgram Manager, and without filing such new financing statements or such amendments to any previously filed financing statements as Recco, the Servicer, the Collateral Agent, the Surety Provider, Provider or the Administrative Agent or any each Group Agent Program Manager may require, (A) change, without limiting the provisions of Section 4.3(q), its state of incorporation or (B) change its name, identity or corporate structure in any manner which might make any financing statement or continuation statement filed by it pursuant to the transactions contemplated hereby seriously misleading within the meaning of 9-506 (or any successor provision) of any applicable enactment of the UCC. (iii) It will not change its principal place of business or its chief executive office or the location of the office where the Files relating to the Contracts are kept to a location outside the United States.