Impairment of Rights. The Seller shall not take any action, or fail to take any action, if such action or failure to take action may interfere with the enforcement of any rights under the Transaction Documents that are material to the rights, benefits or obligations of the Trust, the Indenture Trustee, the Noteholders or Financial Security.
Appears in 11 contracts
Samples: Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD)
Impairment of Rights. The Seller shall not take any action, or fail to take any action, if such action or failure to take action may interfere with the enforcement of any rights under the Transaction Documents that are material to the rights, benefits or obligations of the Trust, the Indenture Trustee, the Certificateholders, the Noteholders or Financial Security.
Appears in 3 contracts
Samples: Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)
Impairment of Rights. The Seller shall not take any action, or fail to take any action, if such action or failure to take action may (i) interfere with the enforcement of any rights under the Transaction Documents that are material to the rights, benefits or obligations of the Trust, the Indenture Trustee, the Noteholders Certificateholders or Financial SecurityFSA, (ii) result in a Material Adverse Change in respect of any Loan or (iii) impair the ability of the Seller to perform its obligations under the Transaction Documents.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Conseco Finance Corp)
