Sole and Exclusive Remedy; Subordination. The ---------------------------------------- Subordinated Note shall be fully subordinated to any rights of the Trustee, the Certificateholders and their permitted assigns pursuant to the Pooling and Servicing Agreement, all on the terms and conditions set forth in the Subordinated Note, and shall not evidence any rights in the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Proffitts Credit Corp), Receivables Purchase Agreement (Proffitts Credit Card Master Trust)
Sole and Exclusive Remedy; Subordination. The ---------------------------------------- Subordinated Note shall be fully subordinated to any rights of the Trustee, the Certificateholders and their permitted assigns pursuant to the Pooling and Servicing Agreement, all on the terms and conditions set forth in the Subordinated Note, and shall not evidence any rights in the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Saks Inc), Receivables Purchase Agreement (Saks Inc)
