No Rescission or Cancellation. The Servicer shall take no action which, nor omit to take any action the omission of which, would cause the rescission or cancellation of any Premium Finance Agreement or the related Premium Finance Obligation except in accordance with its customary and usual servicing procedures and the Guidelines or as ordered by a court of competent jurisdiction or other Governmental Authority.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (A I Receivables Transfer Corp), Base Indenture (A I Receivables Transfer Corp)
No Rescission or Cancellation. The Servicer shall take no action which, nor omit to take not permit any action the omission of which, would cause the rescission or cancellation of any Premium Finance Agreement an Advance or the related Premium Finance Obligation a Contract except in accordance with its customary and usual servicing procedures and the Guidelines or (i) as ordered by a court of competent jurisdiction or other Governmental AuthorityAuthority or (ii) in the ordinary course of its business and in accordance with the Credit and Collection Policy.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Fremont Funding Inc)
No Rescission or Cancellation. The Servicer shall take no action which, nor omit to take not permit any action the omission of which, would cause the rescission or cancellation of any Premium Finance Agreement or the related Premium Finance Obligation Loan except in accordance with its customary and usual servicing procedures and the Guidelines or as ordered by a court of competent jurisdiction or other Governmental Authority.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (A I Receivables Corp)
