Limitation of Rights of Holders. The death or incapacity of any Person having an interest, beneficial or otherwise, in a Certificate shall not operate to terminate this Agreement or any Trust Fund, nor entitle the legal representatives or heirs of such Person or any Holder for such Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of any Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Appears in 13 contracts
Samples: Multifamily Multiclass Certificates Master Trust Agreement, Multiclass Certificates Master Trust Agreement, Master Trust Agreement
Limitation of Rights of Holders. The death or incapacity of any Person having an interest, beneficial or otherwise, in a Certificate an I-REMIC Interest shall not operate to terminate this Agreement or any Trust Fund, nor entitle the legal representatives or heirs of such Person or any Holder for such Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of any Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Appears in 3 contracts
Samples: Multifamily Internal Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
