Limitation on Rights of Noteholders. (a) The death or incapacity of any Noteholder shall not operate to terminate this Agreement or the Trust, 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 Trust, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement or any of them.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp), Sale and Servicing Agreement (Paragon Auto Receivables Corp), Sale and Servicing Agreement (Asset Backed Securities Corp)
Limitation on Rights of Noteholders. (a) The death death, dissolution or incapacity of any Noteholder shall not operate to terminate this Agreement or the Trust, Indenture 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 TrustIssuers, nor otherwise affect the rights, obligations and liabilities of the parties to this Agreement hereto or any of them.
Appears in 3 contracts
Samples: Note Purchase Agreement (HPSC Inc), Unicapital Corp, HPSC Inc
