Credit Support Default. The "Credit Support Default" provision of Section 5(a)(iii) is hereby amended by adding, at the end thereof, the following: "provided that, not withstanding anything to the contrary contained in this Agreement or this Section 5, an Event of Default relative to the Credit Support Provider will not constitute an Event of Default with respect to Party B."
Appears in 3 contracts
Samples: Master Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Letter Agreement (Ikon Receivables LLC)
Credit Support Default. The "Credit Support Default" provision of Section 5(a)(iii) is hereby amended by adding, at the end thereof, the following: "provided that, not withstanding anything to the contrary contained in this Agreement or this Section 5, an Event of Default relative to the Party B Credit Support Provider (as herein defined) will not constitute an Event of Default with respect to Party B."
Appears in 2 contracts
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Master Agreement (Ikon Receivables Funding LLC)