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Common use of Limitations on Termination Clause in Contracts

Limitations on Termination. Except as provided in Section 9.1 and 9.2, neither the Seller nor the Residual Interestholder shall be entitled to revoke or terminate the Issuer. 18 Second Amended and Restated

Appears in 2 contracts

Sources: Trust Agreement (Santander Drive Auto Receivables Trust 2012-2), Trust Agreement (Santander Drive Auto Receivables Trust 2012-2)

Related Clauses

  • Actions on Termination
  • Obligations on Termination
  • Rights on Termination
  • Limitations on Benefits
  • Limitations and Conditions on Benefits

Parent Clauses

  • Termination of Trust Agreement
  • Payments to the Owner Trustee
  • Compensation of Owner Trustee
  • Compliance With Applicable Law
  • Payments to the Grantor Trust Trustee

Sub-Clauses

  • Resignation or Removal of the Owner Trustee
  • Successor Owner Trustee
  • Eligibility Requirements for the Owner Trustee
  • Successor Trustee
  • Resignation or Removal of Either Trustee
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