Common use of Insolvency of a Certificateholder Clause in Contracts

Insolvency of a Certificateholder. The insolvency or other similar incapacity of a Certificateholder shall not (i) operate to terminate this Agreement and the Trust, (ii) entitle the Certificateholder's legal representatives to claim an accounting or to take any action in any court for a partition or winding up of the Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 5 contracts

Samples: Indenture (Delta Financial Corp), Deposit Trust Agreement (Delta Financial Corp), Deposit Trust Agreement (Delta Financial Corp)

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Insolvency of a Certificateholder. The insolvency or other similar incapacity of a Certificateholder shall not (i) operate to terminate this Agreement and the TrustDeposit Trust Agreement, (ii) entitle the Certificateholder's legal representatives to claim an accounting or to take any action in any court for a partition or winding up of the Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 5 contracts

Samples: Deposit Trust Agreement (Criimi Mae CMBS Corp), Deposit Trust Agreement (Criimi Mae CMBS Corp), Deposit Trust Agreement (Criimi Mae Inc)

Insolvency of a Certificateholder. The insolvency or other similar incapacity of a Certificateholder shall not (i) operate to terminate this Agreement and the Trust, Trust Agreement; (ii) entitle the any Certificateholder's legal representatives to claim an accounting or to take any action in any court for a partition or winding up of the Trust Estate Estate; or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.. [End of Article VIII] ARTICLE I SUCCESSOR OWNER TRUSTEES, CO-OWNER TRUSTEES AND SEPARATE OWNER TRUSTEES

Appears in 1 contract

Samples: Trust Agreement (Commercial Assets Inc)

Insolvency of a Certificateholder. The insolvency or other similar incapacity of a Certificateholder shall not (i) operate to terminate this Agreement and the TrustAgreement, (ii) entitle the Certificateholder's legal representatives to claim an accounting or to take any action in any court for a partition or winding up of the Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Owner Trust Agreement (Imh Assets Corp Impac CMB Trust 1998 C1 Col Mor Bond 1998 C1)

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Insolvency of a Certificateholder. The insolvency or other similar incapacity of a Certificateholder shall not (i) operate to terminate this Agreement and the Trust or the related Sub-Trust, (ii) entitle the Certificateholder's ’s legal representatives to claim an accounting or to take any action in any court for a partition or winding up of the related Sub-Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (MortgageIT Holdings, Inc.)

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