Trust Collateral Agent, Back-up Servicer and Custodian May Own Notes. The Trust Collateral Agent, the Back-up Servicer and the Custodian in their respective individual or any other capacities may become the owner or pledgee of Notes and may deal with the Transferor and the Servicer in banking transactions with the same rights as it would have if it were not Trust Collateral Agent, Back-up Servicer or Custodian, as applicable.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.), Sale and Servicing Agreement (Long Beach Acceptance Corp)
