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