Common use of Limitation of Rights of the Cap Counterparty Clause in Contracts

Limitation of Rights of the Cap Counterparty. All of the rights of the Cap Counterparty in, to and under this Agreement or any other Transaction Document, other than the Cap Agreement (including, but not limited to, the Cap Counterparty’s rights to receive notice of any action hereunder or under any other Transaction Document and to give or withhold consent to any action hereunder or under any other Transaction Document), shall terminate upon the termination of the Cap Agreement in accordance with the terms thereof.

Appears in 15 contracts

Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)

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Limitation of Rights of the Cap Counterparty. All of the rights of the Cap Counterparty in, to and under this Agreement Indenture or any other Transaction Document, other than the Cap Agreement (including, but not limited to, the Cap Counterparty’s rights to receive notice of any action hereunder or under any other Transaction Document and to give or withhold consent to any action hereunder or under any other Transaction Document), shall terminate upon the termination of the Cap Agreement in accordance with the terms thereof.

Appears in 14 contracts

Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Indenture (Verizon Owner Trust 2020-A), Indenture (Verizon Owner Trust 2020-A)

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