Action upon Instruction by Holders. (a) The Holders of any Series, subject to the rights of the related Registered Pledgee, if any, may direct the Titling Trust Administrator, the Titling Trust, the Trustee or the Servicer with respect to the related Specified Interest to take action or refrain from taking action with respect to the related Specified Assets except to the extent that such action or inaction would conflict with any other provision of this Agreement or any document to which the related Titling Trust Assets are subject. Such direction may be exercised at any time by written instructions signed by the Holders holding a 100% beneficial interest in such Specified Assets.
Appears in 2 contracts
Samples: Titling Trust Agreement (Mercedes-Benz Vehicle Trust), Titling Trust Agreement (Mercedes-Benz Auto Lease Trust 2021-A)
Action upon Instruction by Holders. (a) The Holders of any Series, subject to the rights of the related Registered Pledgee, if any, may direct the Titling Trust Company Administrator, the Titling TrustCompany, the Trustee Board or the Servicer with respect to the related Specified Interest to take action or refrain from taking action with respect to the related Specified Assets except to the extent that such action or inaction would conflict with any other provision of this Agreement or any document to which the related Titling Trust Company Assets are subject. Such direction may be exercised at any time by written instructions signed by the Holders holding a 100% beneficial limited liability company interest in such Specified Assets.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)
Action upon Instruction by Holders. (a) The Holders of any Series, subject to the rights of the related Registered Pledgee, if any, may direct the Titling Trust Administrator, the Titling Trust, the Trustee or the Servicer with respect to the related Specified Interest to take action or refrain from taking action with respect to the related Specified Assets except to the extent that such action or inaction would conflict with any other provision of this Agreement or any document to which the related Titling Trust Assets are subject. Such direction may be exercised at any time by written instructions signed by the Holders holding a 100% beneficial interest in such Specified Assets.
Appears in 1 contract
Samples: Trust Agreement (Daimler Trust)
