Common use of Action by Certificateholders with Clause in Contracts

Action by Certificateholders with. Respect to Certain ---------------------------------------------------- Matters. The Owner Trustee shall not have the power, except upon the direction ------- of the Certificateholders in accordance with the Basic Documents, to (a) remove the Servicer under the Sale and Servicing Agreement pursuant to Section 8.1 thereof following payment of the Notes in full or (b) except as expressly provided in the Basic Documents, sell the Receivables after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders and the furnishing of indemnification satisfactory to the Owner Trustee by the Certificateholders.

Action by Certificateholders with. Respect to -------------------------------------------- Certain ---------------------------------------------------- Matters. The Owner Trustee shall not have the power, except upon the --------------- written direction ------- of the Certificateholders in accordance with the Basic DocumentsCertificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 1.08 thereof, (b) appoint a successor Administrator under the Administration Agreement pursuant to Section 1.08 thereof, (c) remove the Servicer under the Sale and Servicing Agreement pursuant to Section 8.1 8.01 thereof following payment of the Notes in full or (bd) except as expressly provided in the Basic Documents, sell the Receivables after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders and the furnishing of indemnification satisfactory to the Owner Trustee by the Certificateholders.

Action by Certificateholders with. Respect to Certain ---------------------------------------------------- MattersMatters . The Owner Trustee shall not have the power, except upon the written ------- direction ------- of the Certificateholders in accordance with the Basic DocumentsCertificateholders, to (a) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof, (b) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement, (c) remove the Servicer under the Sale and Servicing Agreement pursuant to Section 8.1 7.02 thereof following payment of the Notes in full or (bd) except as expressly provided in the Basic Documents, sell the Receivables or any interest therein after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholders and the furnishing of indemnification satisfactory to the Owner Trustee by the Certificateholders.