Common use of Protection of Holders' Rights Clause in Contracts

Protection of Holders' Rights. The Master Servicer ----------------------------- hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action (provided that the Master Servicer shall have no -------- obligation to make any payments on behalf of an Obligor that has defaulted under any Receivable except to the extent otherwise required pursuant to Section 5.02) ------------ that would reasonably be expected to result in a Material Adverse Effect under the Transaction Documents in respect of the Receivables or any Related Property, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the Policies or Section 4.05 above. ------------

Protection of Holders' Rights. The Master Servicer ----------------------------- hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action (provided that the Master Servicer shall have no -------- obligation to make any payments on behalf of an Obligor that has defaulted under any Receivable except to the extent otherwise required pursuant to Section 5.02) ------------ that would reasonably be expected to result in a Material Adverse Effect under the Transaction Documents in respect of the Receivables or any Related Property, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the Policies or Section 4.05 above. ------------.

Protection of Holders' Rights. The Master Servicer ----------------------------- hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action (provided that the Master Servicer shall have no -------- obligation to make any payments on behalf of an Obligor that has defaulted under any Receivable except to the extent otherwise required pursuant to Section 5.02) ------------ that would reasonably be expected to result in a Material Adverse Effect under the Transaction Documents in respect of the Receivables or any Related Property, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the Policies or Section 4.05 above. ------------.