Common use of Limitation on Transfer and Exchange Clause in Contracts

Limitation on Transfer and Exchange. (a) No Certificateholder may sell or transfer any Certificate (whether voluntarily, involuntarily or by operation of law) except with the prior written consent of the other Certificateholders, which consent shall not be unreasonably withheld or delayed. Any sale or transfer without the prior written consent of the Certificateholders shall be null and void and confer no rights on the purchaser or transferee with respect to the Trust, this Agreement or the Owner Trustee. (b) No Certificate may be transferred to the Owner Trustee, the Collateral Trustee or the Indenture Trustee. (c) The Owner Trustee shall have no liability to the Trust Estate or any Certificateholder arising from a transfer of any such Certificate in reliance upon a certification described in this Section 3.8. No transfer or exchange of a Certificate shall be made unless the transferee delivers to the Owner Trustee the Investment Letter required by this Section 3.8.

Limitation on Transfer and Exchange. (a) No Certificateholder ----------------------------------- Securityholder may sell or transfer any Certificate Security (whether voluntarily, involuntarily or by operation of law) except with the prior written consent of the other CertificateholdersSecurityholders, which consent shall not be unreasonably withheld or delayed. Any sale or transfer without the prior written consent of the Certificateholders Securityholders shall be null and void and confer no rights on the purchaser or transferee with respect to the Trust, this Agreement or the Owner Trustee. (b) No Certificate Security may be transferred to the Owner Trustee, the Collateral Trustee or the Indenture Trustee. (c) The Owner Trustee shall have no liability to the Trust Estate or any Certificateholder Securityholder arising from a transfer of any such Certificate Security in reliance upon a certification described in this Section 3.8. No transfer or exchange of a Certificate Security shall be made unless the transferee delivers to the Owner Trustee the Investment Letter required by this Section 3.8.