No Rescission or Cancellation. Such party shall not permit any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority.
Appears in 14 contracts
Samples: Trust Sale and Servicing Agreement (Navistar Financial Corp), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)
No Rescission or Cancellation. Such party shall not permit any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental AuthorityAuthority or in the ordinary course of its business in accordance with the Floorplan Financing Guidelines.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (CNH Wholesale Receivables Inc), Transfer and Servicing Agreement (CNH Wholesale Receivables Inc)
No Rescission or Cancellation. Such party shall not permit any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority; provided that this clause (ix) shall not prohibit a negotiated work-out of defaulted Receivables that enhances the Trust's recovery in respect of such Receivables.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (CDF Funding, Inc.)
No Rescission or Cancellation. Such party shall not permit any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority; provided that this clause (ix) shall not prohibit a negotiated work- out of defaulted Receivables that enhances the Trust's recovery in respect of such Receivables.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
No Rescission or Cancellation. Such party shall not ----------------------------- permit any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority.
Appears in 1 contract
Samples: Trust Sale and Servicing Agreement (Volkswagen Dealer Finance LLC)
No Rescission or Cancellation. Such party shall not permit ----------------------------- any rescission or cancellation of a Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ford Credit Auto Receivables LLC)
