Termination of Demand Note and/or Demand Note Guarantee. All rights to notice, consent or waiver of the Demand Note Provider or the Demand Note Guarantor, as applicable, under this Agreement shall cease to be effective upon payment in full of all amounts due and owing to the Demand Note Provider and the Demand Note Guarantor under the Sale and Servicing Agreement and termination of the Demand Note or Demand Note Guarantee, as applicable, in accordance with its terms.
Appears in 4 contracts
Samples: Trust Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Trust Agreement (Long Beach Acceptance Receivables Corp.), Trust Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B)
Termination of Demand Note and/or Demand Note Guarantee. All rights to notice, consent or waiver of the Demand Note Provider or the Demand Note Guarantor, as applicable, under this Agreement shall cease to be effective upon payment in full of all amounts due and owing to the Demand Note Provider and the Demand Note Guarantor under the Sale and Servicing Agreement hereunder and termination of the Demand Note or Demand Note Guarantee, as applicable, in accordance with its terms.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Sale and Servicing Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.)
