Demand Note. (a) During the term of this Agreement, the Sponsor will keep the Demand Note (as defined in the Trust Agreement) issued to the Depositor in full force and effect and will not cancel, waive or terminate such Demand Note.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Barnett Auto Receivables Corp), Sale and Servicing Agreement (Oxford Resources Corp)
Demand Note. (a) During the term of this Agreement, the Sponsor will keep the Demand Note (as defined in the Trust Agreement) issued to the Depositor Seller in full force and effect and will not cancel, waive or terminate such Demand Note.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Oxford Resources Corp)
Demand Note. (a) During the term of this Agreement, ,the Sponsor will keep the Demand Note (as defined in the Trust Agreement) issued to the Depositor in full force and effect and will not cancel, waive or terminate such Demand Note.. -56-
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Barnett Auto Receivables Corp)