Subsequent Receivables Not Assumable. No Subsequent Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor's obligations to the Depositor or LBAC with respect to such Subsequent Receivable.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Long Beach Acceptance Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp)
Subsequent Receivables Not Assumable. No Subsequent Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor's obligations to the Depositor Transferor or LBAC with respect to such Subsequent Receivable.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Long Beach Holdings Corp), Sale and Servicing Agreement (Long Beach Holdings Corp)
