Protection of Certificateholders' Rights Sample Clauses

Protection of Certificateholders' Rights. The Servicer shall take no action which, nor omit to take any action the omission of which, would impair the rights of Certificateholders in any Receivable or the related Account or the rights of any Series Enhancer, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the Credit Card Guidelines.
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Protection of Certificateholders' Rights. The Servicer will take no action which would impair the rights of any Beneficiary in any Receivable or Trust Asset, except as provided in this Agreement.
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Protection of Certificateholders' Rights. The Servicer ---------------------------------------- shall not take any action which would substantially impair or omit to take any action necessary to avoid impairment of the rights of Certificateholders in the Receivables, nor shall it reschedule, revise or defer Collections due on the Receivables; provided, however, the Servicer may, in accordance with its Credit -------- ------- Card Guidelines, the curing criteria specified in Schedule 3 and with prudent servicing practices, make customer service adjustments and adjustments in payment schedules in the ordinary course of business.
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Protection of Certificateholders' Rights. Take action which would impair the rights of any Beneficiary in any Receivable or other Trust Asset or any proceeds thereof, except as provided in the Pooling and Servicing Agreement.
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Protection of Certificateholders' Rights. Except as otherwise required to comply with any Requirements of Law, the Back-Up Servicer shall take no action which, nor omit to take any action the omission of which, would impair the rights of Certificateholders in any Contract or the related Receivable or the rights of any Enhancement Provider.
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Protection of Certificateholders' Rights. The Master Servicer shall take no action which, nor omit to take any action the omission of which, would impair the rights of Investor Certificateholders in any Receivable, except, if no Early Amortization Event shall have occurred and be continuing, to (a) extend the maturity of a Receivable for no more than 60 days or (b) adjust the unpaid Principal Amount of any Receivable as it may deem appropriate to maximize Collections thereof and to adjust the unpaid Principal Amount of any Receivable to reflect Dilution Adjustments, both in accordance with the applicable Policies.
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Protection of Certificateholders' Rights. Except as contemplated by Section 3.01(d), the Servicer shall take no action which, nor omit to take any action the omission of which, would substantially impair the rights of Certificateholders in any Receivable or the Related Security.
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Protection of Certificateholders' Rights. Except as expressly permitted hereunder or under any applicable Supplement, no Master Servicer will take any action which could reasonably be expected to impair the rights of any of the Certificateholders in any Receivable or Trust Asset for the Series for which it acts as Master Servicer.
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Protection of Certificateholders' Rights. The Servicer shall take no action which, nor omit to take any action the omission of which, would materially impair the rights of Investor Certificateholders in any Receivable, except, if no Event of Termination shall have occurred and be continuing, to (a) extend the maturity of a Receivable to 60 days or more from the Processing Date or (b) adjust the Unpaid Balance of any Receivable as it may deem appropriate to maximize Collections thereof and to adjust the Unpaid Balance of any Receivable to reflect Dilutive Credits, both in accordance with the applicable Credit and Collection Policy.
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Related to Protection of Certificateholders' Rights

  • Rights of Certificateholders Section 11.1 Limitation on Rights of Holders.............................. Section 11.2 Access to List of Holders.................................... Section 11.3 Acts of Holders of Certificates..............................

  • Acts of Certificateholders (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by the Certificateholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Certificateholders in person or by agent duly appointed in writing, and such action shall become effective when such instrument or instruments are delivered to the Trustee and the Servicer. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “act” of the Certificateholders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive in favor of the Trustee and the Trust, if made in the manner provided in this Section 11.11.

  • Liability of Certificateholders The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.

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

  • Purchase Rights of Certificateholders (a) By acceptance of its Applicable Certificate, each Applicable Certificateholder agrees that at any time after the occurrence and during the continuation of a Certificate Buyout Event:

  • Actions of Certificateholders (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Certificateholders in person or by agent duly appointed in writing; and except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Certificate Administrator and, when required, to the Depositor, the Master Servicer or the Special Servicer. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive in favor of the Trustee, the Certificate Administrator, the Depositor, the Special Servicer and the Master Servicer, if made in the manner provided in this Section.

  • Right of Certificateholders to Receive Payments Not to Be Impaired Anything in this Trust Agreement to the contrary notwithstanding, the right of any Certificateholder to receive distributions of payments required pursuant to Section 4.01 hereof on the Certificates when due, or to institute suit for enforcement of any such payment on or after the applicable Distribution Date or other date specified herein for the making of such payment, shall not be impaired or affected without the consent of such Certificateholder.

  • List of Certificateholders Upon written request of three or more Certificateholders of record, for purposes of communicating with other Certificateholders with respect to their rights under this Agreement, the Trustee will afford such Certificateholders access during business hours to the most recent list of Certificateholders held by the Trustee.

  • Access to List of Certificateholders The Certificate Registrar will furnish or cause to be furnished to the Trustee, within 15 days after the receipt of a request by the Trustee in writing, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Certificateholders as of the most recent Record Date for payment of distributions to Certificateholders. If three or more Certificateholders apply in writing to the Trustee, and such application states that the applicants desire to communicate with other Certificateholders with respect to their rights under this Agreement or under the Certificates and is accompanied by a copy of the communication which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, afford such applicants access during normal business hours to the most recent list of Certificateholders held by the Trustee. If such a list is as of a date more than 90 days prior to the date of receipt of such applicants' request, the Trustee shall promptly request from the Certificate Registrar a current list as provided above, and shall afford such applicants access to such list promptly upon receipt. Every Certificateholder, by receiving and holding such list, agrees with the Certificate Registrar and the Trustee that neither the Certificate Registrar nor the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Certificateholders hereunder, regardless of the source from which such information was derived.

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