Waiver of Setoffs. The Trustee hereby expressly waives any and all rights of setoff that the Trustee may otherwise at any time have under applicable law with respect to any Pledged Account and agrees that amounts in the Pledged Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 7 contracts
Samples: Indenture (Consumer Portfolio Services Inc), Gehl Co, Indenture (Consumer Portfolio Services Inc)
Waiver of Setoffs. The Trustee hereby expressly waives any and all rights of setoff that the Trustee may otherwise at any time have under applicable law with respect to any Pledged Trust Account and Series Trust Account and agrees that amounts in the Pledged Trust Accounts and Series Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 3 contracts
Samples: Indenture (Household Auto Receivables Corp), Household Auto Receivables Corp, Household Automobile Revolving Trust I
Waiver of Setoffs. The Trustee hereby expressly waives any and all rights of setoff that the Trustee may otherwise at any time have under applicable law with respect to any Pledged Account and agrees that amounts in the Pledged Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 2 contracts
Samples: Pooling Agreement and Indenture (Greenpoint Mortgage Securities Inc/), Pooling Agreement and Indenture (Greenpoint Mortgage Securities Inc/)
Waiver of Setoffs. The Trustee hereby expressly waives any and all rights of setoff that the Trustee may otherwise at any time have under applicable law with respect to any Pledged Account the Trust Accounts and agrees that amounts in the Pledged Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereofhereof and of the Sale and Servicing Agreement.
Appears in 2 contracts
Samples: Paragon Auto Receivables Corp, Paragon Auto Receivables Corp
Waiver of Setoffs. The Trustee hereby expressly waives any and all rights of setoff that the Trustee may otherwise at any time have under applicable law with respect to any Pledged Account or Deposit Account and agrees that amounts in the Pledged Accounts or Deposit Account shall at all times be held and applied solely in accordance with the provisions hereofhereof and the other Basic Documents.
Appears in 2 contracts
Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)
