Examples of Demand Note Provider in a sentence
Each of the Note Insurer and the Demand Note Provider and their respective successors and assigns shall be third-party beneficiaries to the provisions of this Indenture, and shall be entitled to rely upon and directly to enforce such provisions of this Indenture so long as no Note Insurer Default or Demand Note Event, as applicable, shall have occurred and be continuing.
Unless the breach shall have been cured by the last day of the second Collection Period following such discovery by or notice to the Servicer of such breach, the Servicer shall purchase any Receivable with respect to which such breach has a material adverse effect on such Receivable or the interest therein of the Issuer, the Noteholders, the Demand Note Provider or the Note Insurer.
Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, and the Noteholders, the Demand Note Provider and any other party secured hereunder, and any other person with an ownership interest in any part of the Pledged Property, any benefit or any legal or equitable right, remedy or claim under this Indenture.
The Back-up Servicer shall notify each Rating Agency, the Demand Note Provider and the Note Insurer if any subservicing agreement is assumed by the Back-up Servicer, its designee or the successor Servicer.
Neither the Owner Trustee, the Custodian, the Trust Collateral Agent, the Demand Note Provider nor the Indenture Trustee shall have a duty to conduct any affirmative investigation as to the occurrence of any conditions requiring the repurchase of any Receivable pursuant to this Section.
Each of the Note Insurer and the Demand Note Provider may disclaim any of its respective rights and powers under this Indenture (in which case the Indenture Trustee may exercise such right or power hereunder), but not its duties and obligations under the Policy, upon delivery of a written notice to the Indenture Trustee.
In the event that a Responsible Officer of the Trust Collateral Agent shall have knowledge of any failure of the Servicer specified in Section 9.1 which would give rise to a right of termination under such Section upon the Servicer's failure to remedy the same after notice, the Trust Collateral Agent shall give notice thereof to the Transferor, the Servicer, the Demand Note Provider and the Note Insurer.
Except as expressly stated otherwise herein or in the Basic Documents, any right of the Note Insurer or the Demand Note Provider to direct, appoint, consent to, approve of or take any action under this Agreement, shall be a right exercised by the Note Insurer or the Demand Note Provider, as applicable, in its sole and absolute discretion.
Each of the Note Insurer and the Demand Note Provider may disclaim any of its rights and powers under this Agreement (but not its duties and obligations under the Policy or the Demand Note, as applicable) upon delivery of a written notice to the Trust Collateral Agent.
All rights to notice, consent or waiver of the Demand Note Provider or the Demand Note Guarantor, as applicable, under this Agreement shall cease to be effective upon payment in full of all amounts due and owing to the Demand Note Provider and the Demand Note Guarantor under the Sale and Servicing Agreement and termination of the Demand Note or Demand Note Guarantee, as applicable, in accordance with its terms.