Common use of Limitation on Rights of Holders Clause in Contracts

Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or take any action or proceeding in any court for a partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 75 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Hq13), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top20), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Hq8)

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Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder's ’s legal representatives or heirs to claim an accounting or take any action or proceeding in any court for a partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 41 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14)

Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder Holder shall not operate to terminate this Agreement or the Trust, nor or entitle such Certificateholderthe Holder's 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, nor or otherwise affect the rights, obligations and liabilities of the parties hereto to this Agreement or any of them.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Bas Securitization LLC), Pooling and Servicing Agreement (Vw Credit Leasing LTD), Pooling and Servicing Agreement (Bond Securitization LLC)

Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder Holder shall not operate to terminate this Agreement or the Trust, nor or entitle such Certificateholder's the Holder’s 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, nor or otherwise affect the rights, obligations and liabilities of the parties hereto to this Agreement or any of them.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Pooling and Servicing Agreement (Usaa Acceptance LLC)

Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder Holder shall not operate to terminate this the Trust Agreement or the TrustTrust Property, nor entitle such CertificateholderHolder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the TrustTrust Property, nor otherwise affect the rights, obligations and liabilities of the parties hereto thereto or any of them.

Appears in 3 contracts

Samples: Trust Agreement (Comcertz Abs Corp), Trust Agreement (Comcertz Abs Corp), Comcertz Abs Corp

Limitation on Rights of Holders. (a) The death or incapacity of any Investor Certificateholder shall not operate to terminate this Agreement or the Trust, nor shall such death or incapacity entitle such Certificateholder's Investor Certificateholders' 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, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Zenith Electronics Corp)

Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or take any action or proceeding in any court for a partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.. 173 181

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)

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Limitation on Rights of Holders. (a) The death or incapacity of any Certificateholder Holder shall not operate to terminate this Trust Agreement or the Trust, nor entitle such Certificateholder's Holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a sale, partition or winding up liquidation of the TrustPortfolio Assets, nor or otherwise affect the rights, obligations and liabilities of any of the parties hereto or any of themhereto.

Appears in 1 contract

Samples: Trust Agreement (Greystone Housing Impact Investors LP)

Limitation on Rights of Holders. (a1) The death or incapacity of any Certificateholder Holder shall not operate to terminate this Agreement or the Trust, nor or entitle such Certificateholderthe Holder's 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, nor or otherwise affect the rights, obligations and liabilities of the parties hereto to this Agreement or any of them.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (M&i Dealer Auto Securitization LLC)

Limitation on Rights of Holders. (a) ------------------------------- The death or incapacity of any Certificateholder Holder shall not operate to terminate this Agreement or the Trust, nor shall such death or incapacity entitle such CertificateholderHolder's 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, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PLM International Inc)

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