Waiver of Setoffs. The Indenture Collateral Agent and the Trustee hereby expressly waive any and all rights of setoff that the Indenture Collateral Agent or the Trustee may otherwise at any time have under 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 provisions hereof.
Appears in 7 contracts
Samples: Indenture (Franklin Auto Trust 2003-2), Indenture (Franklin Receivables Auto Trust 2003-1), Indenture (Franklin Auto Trust 2004-2)
Waiver of Setoffs. The Each of the Indenture Trustee and the Trust Collateral Agent and the Trustee hereby expressly waive waives any and all rights of setoff that the Indenture Trustee or the Trust Collateral Agent or the Trustee may otherwise at any time have under 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 provisions hereofhereof and the Sale and Servicing Agreement or under Article V hereunder.
Appears in 5 contracts
Samples: Indenture (Credit Acceptance Corporation), Indenture (Credit Acceptance Corporation), Indenture (Credit Acceptance Corporation)
Waiver of Setoffs. The Indenture Collateral Agent Trustee and the Trustee Trust Collateral ----------------- Agent hereby expressly waive waives any and all rights of setoff that the Indenture Trustee or the Trust Collateral Agent or the Trustee may otherwise at any time have under 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 provisions hereof.
Appears in 2 contracts
Samples: Indenture (TFC Enterprises Inc), Indenture (TFC Enterprises Inc)
Waiver of Setoffs. The Indenture Trustee and the Trust ----------------- Collateral Agent and the Trustee hereby expressly waive waives any and all rights of setoff that the Indenture Trustee or the Trust Collateral Agent or the Trustee may otherwise at any time have under 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 provisions hereof.
Appears in 2 contracts
Samples: Indenture (TFC Enterprises Inc), Indenture (TFC Enterprises Inc)
Waiver of Setoffs. The Each of the Indenture Trustee and the Trust Collateral Agent and the Trustee hereby expressly waive waives any and all rights of setoff that the Indenture Trustee or the Trust Collateral Agent or the Trustee may otherwise at any time 22214937.4 have under 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 provisions hereofhereof and of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture (Credit Acceptance Corp)
Waiver of Setoffs. The Indenture Collateral Agent Trustee and the Trustee Trust Collateral Agent, if any, hereby expressly waive waives any and all rights of setoff that the Indenture Collateral Agent Trustee or the Trustee Trust Collateral Agent, if any, may otherwise at any time have under applicable law with respect to any Trust Account and Series Trust Account and agrees that amounts in the Trust Accounts and Series Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereof.
Appears in 1 contract
