Protection of Noteholders' Rights. The Servicer shall take no action which, nor omit to take any action the omission of which, would materially impair the rights of Noteholders in any Receivable or the related Premium Finance Agreement or the related Premium Finance Obligation nor shall it reschedule, revise or defer payments due except in accordance with its customary and usual servicing procedures and the Guidelines.
Appears in 2 contracts
Samples: Base Indenture (A I Receivables Transfer Corp), Sale and Servicing Agreement (A I Receivables Transfer Corp)
Protection of Noteholders' Rights. The Servicer shall take no action which, nor omit to take any action the omission of which, would materially impair the rights of Noteholders in any Receivable or the related Premium Finance Agreement or the related Premium Finance Obligation rights of any Enhancement Provider, nor shall it reschedule, revise revise, waive or defer payments due on any Receivable except in accordance with its customary and usual servicing procedures and the applicable Account Guidelines.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Dc Funding International Inc), Transfer and Servicing Agreement (Fnanb Credit Card Master Trust)
