Common use of No Violation Clause in Contracts

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller Purchaser or any indenture, agreement or other instrument to which the Seller Purchaser is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerPurchaser’s knowledge, any order, rule or regulation applicable to the Seller Purchaser of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Purchaser or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerPurchaser.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement governing documents of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement governing documents of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Depositor, or any indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s Depositor's knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerSeller to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall do not conflict with, result in any with or breach of any of the terms and or provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller or Depositor, any material indenture, agreement or other instrument to which the Seller Depositor is a party or by which it shall be bound; nor result in the creation or imposition of any material Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the SellerDepositor’s knowledge, any order, rule or regulation applicable to the Seller Depositor of any court or of any federal or state State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Depositor or its properties properties, which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerDepositor to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall do not conflict with, result in any with or breach of any of the terms and or provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller or Transferor, any material indenture, agreement or other instrument to which the Seller Transferor is a party or by which it shall be bound; nor result in the creation or imposition of any material Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s Transferor's knowledge, any order, rule or regulation applicable to the Seller Transferor of any court or of any federal or state State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferor or its properties properties, which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the SellerTransferor to perform its obligations under this Agreement.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Transferor or any indenture, agreement or other instrument to which the Seller Transferor is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerTransferor’s knowledge, any order, rule or regulation applicable to the Seller Transferor of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferor or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerTransferor.

No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, the its Certificate of Formation Incorporation or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the Seller.Seller to perform its obligations under this Agreement. 49 (Nissan 2015-A Sale and Servicing Agreement)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Transferee or any indenture, agreement or other instrument to which the Seller Transferee is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the SellerTransferee’s knowledge, any order, rule or regulation applicable to the Seller Transferee of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Transferee or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the SellerTransferee.

No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, under the Certificate of Formation Incorporation or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation incorporation or limited liability company agreement by-laws of the Seller Seller, or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), ; nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties properties; which breach, default, conflict, lien Lien or violation in any case would have a material adverse effect on the earnings or business affairs ability of the Seller.Seller to perform its obligations under this Agreement. 42 (Nissan 2016-B Sale and Servicing Agreement)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this ------------ Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.. 6 (vi)

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this __________ Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documents), nor violate any law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, 6 default, conflict, lien or violation would have a material adverse effect on the earnings or business affairs of the Seller.

No Violation. The consummation of the transactions contemplated by ------------ this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation LLC Agreement or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation or limited liability company agreement of the Seller or any indenture, agreement or other instrument to which the Seller is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the Seller’s 's knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the Seller.

No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate of Formation LLC Agreement or limited liability company agreement Bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall hereof do not conflict with, result in any breach of any of the terms and provisions of, nor or constitute (with or without notice or lapse of time) a default under, the Certificate certificate of Formation formation or limited liability company agreement of the Seller Purchaser, or any material indenture, agreement or other instrument to which the Seller Purchaser is a party or by which it shall be is bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such material indenture, agreement or other instrument (other than pursuant to the Basic Documents), ; nor violate any law Applicable Law or, to the best of the SellerPurchaser’s knowledge, any order, rule or regulation applicable to the Seller Purchaser of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality Governmental Authority having jurisdiction over the Seller Purchaser or its properties properties, which conflict, breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings performance by the Purchaser of its obligations under, or business affairs the validity or enforceability of the SellerPurchaser Basic Documents, the Receivables or the Securities.

No Violation. The execution, delivery and performance by the Seller of this Agreement, each Receivables Purchase Agreement, each other Conveyance Paper and the sale of the Receivables, the consummation of the transactions contemplated hereby and by this Agreement the Receivables Purchase Agreements and the fulfillment of the terms of this Agreement shall hereof and thereof will not conflict with, result in any a breach of any of the terms and provisions of, nor or constitute (with or without notice or lapse of timetime or both) a default under, the Certificate its articles of Formation incorporation or limited liability company agreement bylaws, or conflict with or breach any of the Seller material terms or provisions of, or constitute (with or without notice or lapse of time or both) a default under, any indenture, agreement or other instrument to which the Seller it is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), ; nor violate any law or, to the best of the Seller’s its knowledge, any order, rule or regulation applicable to the Seller it of any court or of any federal or state State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller it or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings Seller’s earnings, business affairs or business affairs of prospects or the SellerReceivables.

No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this Agreement shall not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation incorporation or limited liability company agreement bylaws of the Seller Servicer or any indenture, agreement or other instrument to which the Seller Servicer is a party or by which it shall be bound; nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law or, to the best of the SellerServicer’s knowledge, any order, rule or regulation applicable to the Seller Servicer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Servicer or its properties which breach, default, conflict, lien or violation would have a material adverse effect on the earnings earnings, business affairs or business affairs prospects of the SellerServicer.

No Violation. The consummation of the transactions contemplated by this Agreement and the other Transaction Documents and the fulfillment of the terms of this Agreement shall and the other Transaction Documents do not conflict with, result in any breach of any of the terms and or provisions of, nor constitute (with or without notice or lapse of time) a default under, the Certificate articles of Formation organization or limited liability company agreement bylaws of the Seller Issuer or any indenture, agreement or other instrument to which the Seller Issuer is a party or by which it shall be bound; , nor result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than the Basic Documentsthis Agreement), nor violate any law orlaw, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller Issuer of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller Issuer or its properties properties, which breach, default, conflict, lien Lien or violation would have a material adverse effect on the earnings rights or business affairs interests of the SellerNoteholders or the Note Insurer.