Obligations with Respect to Leases. The Servicer will duly fulfill and comply with, in all material respects, all obligations on the part of the "lessor" to be fulfilled or complied with under or in connection with each Lease and will do nothing to impair the rights of the Lender in, to and under the Collateral. The Servicer will perform such obligations under the Leases and will not change or modify the Leases, except as otherwise provided herein and except insofar as any such failure to perform, change or modification would not materially and adversely affect the value of (or the rights of the Lender with respect to) the Leases or the Equipment.
Appears in 2 contracts
Sources: Servicing Agreement (Trans Leasing International Inc), Servicing Agreement (Trans Leasing International Inc)