Beneficiary or Special Purpose Affiliate Bankruptcy. (a) The bankruptcy, insolvency, dissolution or similar occurrence of a Beneficiary or a Special Purpose Affiliate shall not, except as otherwise provided in Section 7.03(b) or a related Supplement, (i) cause the dissolution of the Trust or the termination of this Agreement with respect to the Trust or any Sub-Trust, (ii) entitle the legal representatives of such Beneficiary or Special Purpose Affiliate to claim an accounting or to take any action in any court for a partition or winding up of the Trust or any Trust Assets other than the Related Trust Assets or (iii) otherwise affect the rights, obligations or Liabilities of the parties hereto.
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Samples: Trust and Servicing Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Ryder Funding Ii Lp), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)
Beneficiary or Special Purpose Affiliate Bankruptcy. (a) The bankruptcy, insolvency, dissolution or similar occurrence of a Beneficiary or a Special Purpose Affiliate shall not, except as otherwise provided in Section 7.03(b) or a related Supplement, (i) cause the dissolution of the Trust or the termination of this Agreement with respect to the Trust as a whole, the UTI or any Sub-TrustSUBI, (ii) entitle the legal representatives of such Beneficiary or Special Purpose Affiliate to claim an accounting or to take any action in any court for a partition or winding up of the Trust as a whole or any Trust Assets other than the Related Trust Assets or (iii) otherwise affect the rights, obligations or Liabilities liabilities of the parties heretohereto or any other Beneficiary or Special Purpose Affiliate.
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