Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off that the Collateral Agent may otherwise at any time have under applicable law with respect to the Spread Account and agrees that amounts in the Spread Account shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 18 contracts
Samples: Spread Account Agreement (UPFC Auto Receivables Trust 2005-B), Spread Account Agreement (AFS SenSub Corp.), Spread Account Agreement (UPFC Auto Receivables Trust 2006-A)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law with respect to the any Spread Account and agrees that amounts in the Spread Account Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 13 contracts
Samples: Spread Account Agreement (Arcadia Financial LTD), Master Spread Account Agreement (National Auto Finance Co Inc), Spread Account Agreement (Arcadia Financial LTD)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law with respect to the Spread Account and agrees that amounts in the Spread Account shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 6 contracts
Samples: Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2010-A), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Spread Account Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law with respect to the Spread any Account and agrees that amounts in the Spread Account Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 3 contracts
Samples: Security Agreement (Eaglemark Inc), Security Agreement (Harley Davidson Customer Funding Corp), Security Agreement (Eaglemark Inc)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law with respect to the Spread any Secured Account and agrees that amounts in the Spread Account Secured Accounts shall at all times be held and applied solely in accordance with the provisions hereofhereof and of the Transaction Documents.
Appears in 2 contracts
Samples: Security Agreement (Arcadia Financial LTD), Security Agreement (Olympic Financial LTD)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law Applicable Law with respect to the Spread Account any account and agrees that amounts in the Spread Collateral Account shall at all times be held and applied solely in accordance with the provisions hereofof Article IV.
Appears in 1 contract
Samples: Intercreditor, Security and Collateral Agency Agreement (Abraxas Petroleum Corp)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off that the Collateral Agent may otherwise at any time have under applicable law with respect to the any Spread Account and agrees that amounts in the Spread Account Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 1 contract
Samples: Spread Account Agreement (Prudential Securities Secured Financing Corp)
Waiver of Setoffs. The Collateral Agent hereby expressly waives any and all rights of set off setoff that the Collateral Agent may otherwise at any time have under applicable law with respect to the Spread any Account and agrees that amounts in the Spread Collateral Account, the Collection Account, the Hedge Termination Receipt Account or the Hedge Replacement Account and the amounts withdrawn under the Initial Hedge Agreement shall at all times be held and applied solely in accordance with the provisions hereofof Article V or otherwise as expressly contemplated by this Agreement and the Account Control Agreement.
Appears in 1 contract
