LIMITATION OF RIGHTS OF NOTEHOLDERS. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the Trust Estate, nor entitle its legal representatives or heirs to claim an accounting or to take any action or commence any proceeding in any court for a partition or winding up of the Trust Estate, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement or any of them.
Appears in 9 contracts
Samples: Indenture and Servicing Agreement (Creditrust Corp), Indenture and Servicing Agreement (Creditrust Corp), Indenture and Servicing Agreement (MCM Capital Group Inc)
LIMITATION OF RIGHTS OF NOTEHOLDERS. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement Indenture or the Trust Estate, nor entitle its legal representatives or heirs to claim an accounting or to take any action or commence any proceeding in any court for a partition or winding up of the Trust Estate, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement Indenture or any of them.
Appears in 1 contract
Samples: Oakwood Homes Corp
