Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the Issuer, nor entitle such Noteholder'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 Issuer, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement or any of them.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Corp)
Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement Indenture or the IssuerTrust, nor entitle such Noteholder'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 IssuerTrust, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement hereto or any of them.
Appears in 7 contracts
Samples: Indenture (Prudential Securities Secured Financing Corp), Indenture (Prudential Securities Secured Financing Corp), First Sierra Equipment Contract (First Sierra Receivables Iii Inc)
Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the IssuerInsurance Trust, nor entitle such Noteholder's ’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 IssuerInsurance Trust, nor otherwise affect the rights, obligations obligations, and liabilities of the parties to this Agreement hereto or any of them.
Appears in 4 contracts
Samples: Insurance Trust Agreement (Brasil Telecom Sa), Insurance Trust Agreement (Brasil Telecom Holding Co), Insurance Trust Agreement (Brasil Telecom Sa)
Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the Issuer, nor entitle such Noteholder's or Certificateholder'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 Issuer, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement or any of them.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Sale and Servicing Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.)
Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the IssuerIndenture, nor shall such death or incapacity entitle such Noteholder's Noteholders' 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 Issuercorpus of the Pledged Assets, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement hereto or any of them.
Appears in 2 contracts
Samples: Master Trust Indenture and Security Agreement (Sirrom Capital Corp), Indenture and Security Agreement (Ag Services of America Inc)
Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the IssuerAgreement, nor shall such death or incapacity entitle such Noteholder'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 IssuerCollateral, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement hereto or any of them.
Appears in 1 contract
Samples: Pledge and Servicing Agreement (Fairfield Communities Inc)
