Common use of Protection of Holders' Rights Clause in Contracts

Protection of Holders' Rights. The Servicer hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action, that could reasonably be expected to materially and adversely impair the rights, remedies or interests of the Holders 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 its Policies or Section 4.05 above.

Protection of Holders' Rights. The Each of the Master Servicer and each Servicer hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action, that could would reasonably be expected to materially and adversely impair the rights, remedies or interests of the Holders 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 its Policies or Section 4.05 above.

Protection of Holders' Rights. The Each Servicer hereby agrees with the Company and the Trustee that it shall take no action, nor intentionally omit to take any action, that could reasonably be expected to materially and adversely impair the rights, remedies or interests of the Holders under the Transaction Documents in respect of the Serviced Receivables or any Related Property nor shall it reschedule, revise or defer payments due on any Serviced Receivable Amended and Restated Servicing Agreement 20 except in accordance with its Policies or Section 4.05 above.