Waiver of Setoff. The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under the applicable law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the Basic Documents.
Appears in 9 contracts
Samples: Indenture (Bcap LLC), Indenture (Painewebber Mortgage Acceptance Corporation Iv), Indenture (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)
Waiver of Setoff. The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under the applicable law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the Basic Documents.
Appears in 2 contracts
Samples: Mortgage Loan Trust Indenture (Hsi Asset Securitization Corp), Indenture Agreement (Hsi Asset Securitization Corp)
Waiver of Setoff. The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under the applicable law with respect to any Trust the Asset Proceeds Account or the Note Account and agrees that amounts in the Trust Accounts Asset Proceeds Account or the Note Proceeds Account shall at all times be held and applied solely in accordance with the Basic Documents.
Appears in 2 contracts
Samples: Indenture (Southpoint Residential Mortgage Securities Corp), Indenture (National Mortgage Securities Corp)
Waiver of Setoff. The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under the applicable law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the Basic Documentsprovisions hereof.
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