Common use of Action by Trust Certificateholders with Respect to Certain Matters Clause in Contracts

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer is deemed to be the Holder of the 20[__]-[__] SUBI Certificate pursuant to the 20[__]-[__] SUBI Supplement, the Owner Trustee or Issuer, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/3% of the aggregate Certificate Percentage Interest; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of a Servicer Default subsequent to the payment in full of the Notes and in accordance with the written directions of Trust Certificateholders evidencing 662/3% of the aggregate Certificate Percentage Interest, remove the Servicer, with respect to the 20[__]-[__] SUBI Assets or appoint a successor Servicer, with respect thereto.

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer is deemed to be the Holder of the 20[__]-[___]-[_] SUBI Certificate pursuant to the 20[__]-[__] SUBI SupplementTrust Agreement, the Owner Trustee or Issuer, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/3% of the aggregate Certificate Percentage Interest; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of an Administrative Agent Default or a Servicer Maintenance Provider Default subsequent to the payment in full of the Notes and in accordance with the written directions of Trust Certificateholders evidencing holding 662/3% of the aggregate Certificate Percentage Interest, remove the ServicerAdministrative Agent or the Maintenance Provider, as the case may be, with respect to the 20[__]-[___]-[_] SUBI Assets or appoint a successor ServicerAdministrative Agent or Maintenance Provider, as the case may be, with respect thereto.

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer is deemed to be the Holder of the 20[__]-[___]-[_] SUBI Certificate pursuant to the 20[__]-[__] SUBI Supplement, the Owner Trustee or Issuer, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/3% of the aggregate Certificate Percentage InterestBalance; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of a Servicer Default subsequent to the payment in full of the Notes and in accordance with the written directions of Trust Certificateholders evidencing holding 662/3% of the aggregate Certificate Percentage InterestBalance, remove the Servicer, with respect to the 20[__]-[___]-[_] SUBI Assets or appoint a successor Servicer, with respect thereto.

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer is deemed to be the Holder of the 20[__]-[____]-[_] SUBI Certificate pursuant to the 20[__]-[____]-[_] SUBI Supplement, the Owner Trustee or Issuer, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/3% of the aggregate Certificate Percentage Interest; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of a Servicer Default subsequent to the payment in full of the Notes and in accordance with the written directions of Trust Certificateholders evidencing 662/3% of the aggregate Certificate Percentage Interest, remove the Servicer, with respect to the 20[__]-[____]-[_] SUBI Assets or appoint a successor Servicer, with respect thereto.

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer is deemed to be the Holder of the 20[__]-[__] 99% 2001-A Vehicle SUBI Certificate pursuant to the 20[__]-[__] SUBI SupplementTrust Agreement, the Owner Trustee or Issuer, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/366 2/3% of the aggregate Certificate Percentage InterestBalance; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of an Administrative Agent Default or a Servicer Maintenance Provider Default subsequent to the payment in full of the Senior Notes and in accordance with the written directions of Trust Certificateholders evidencing 662/3holding 66 2/3% of the aggregate Certificate Percentage InterestBalance, remove the ServicerAdministrative Agent or the Maintenance Provider, as the case may be, with respect to the 20[__]-[__] 2001-A SUBI Assets or appoint a successor ServicerAdministrative Agent or Maintenance Provider, as the case may be, with respect thereto.

Action by Trust Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, to the extent the Owner Trustee or the Issuer Issuing Entity is deemed to be the Holder of the 20[__]-[__200[ ]-[ ] SUBI Certificate pursuant to the 20[__]-[__] SUBI SupplementTrust Agreement, the Owner Trustee or Issuerthe Issuing Entity, as the case may be, shall take such actions as directed in writing by Trust Certificateholders holding Trust Certificates evidencing an interest of at least 662/3% 66 [2/3]% of the aggregate Certificate Percentage InterestBalance; provided, however, that so long as the Lien of the Indenture is outstanding, such direction shall be subject to the consent of the Indenture Trustee, acting at the direction of the Majority Noteholders. The Owner Trustee may not, except upon the occurrence of a Servicer Default subsequent to the payment in full of the Notes and in accordance with the written directions of Trust Certificateholders evidencing 662/3holding 100% of the aggregate Certificate Percentage InterestBalance, remove the Servicer, with respect to the 20[__]-[__200[ ]-[ ] SUBI Assets or appoint a successor Servicer, Servicer with respect thereto.