Protection of Beneficiaries Rights. It will take no action, nor omit to take any action, that would impair the rights of the Noteholders, the holders of the Transferor Interest or any Series Enhancers in the Receivables nor will it reschedule, revise or defer payments due on any Receivable except in accordance with the applicable Floorplan Financing Guidelines.
Appears in 6 contracts
Samples: Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan Corp)
Protection of Beneficiaries Rights. It has not taken and will continue to take no action, nor omit to take any action, that would impair the rights or interests of the Noteholders, Noteholders or the holders of the Transferor Interest or any Series Enhancers in the Receivables nor has it nor will it reschedule, revise or defer payments due on any Receivable except in accordance with the applicable Floorplan Financing Guidelines.
Appears in 1 contract
Samples: Transfer and Servicing (GMF Floorplan Owner Revolving Trust)
Protection of Beneficiaries Rights. It has not taken and will continue to take no action, nor omit to take any action, that would impair the rights of the Noteholders, the holders of the Transferor Interest or any Series Enhancers in the Receivables nor has it nor will it reschedule, revise or defer payments due on any Receivable except in accordance with the applicable Floorplan Financing Guidelines.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Nissan Wholesale Receivables Corp Ii)
