Common use of Actions by Certificateholders Clause in Contracts

Actions by Certificateholders. (a) Whenever in this Agreement a provision is made that an action may be taken or a notice, demand or instructions given by Investor Certificateholders, such action, notice or instruction may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder shall bind such Certificateholder and every subsequent holder of such Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp), Pooling and Servicing Agreement (Charming Shoppes Receivables Corp), Pooling and Servicing Agreement (Charming Shoppes Master Trust)

AutoNDA by SimpleDocs

Actions by Certificateholders. (a) Whenever Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instructions Notice given by Investor Certificateholders, such action, notice action or instruction Notice may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any Notice, request, demand, authorization, direction, notice, consent, waiver or other act by the Holder of a Certificateholder Certificate shall bind such Certificateholder Holder and every subsequent holder Holder of such Certificate and of any Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee Trustee, the Transferors or the Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Actions by Certificateholders. (a) Whenever Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instructions Notice given by Investor Certificateholders, such action, notice action or instruction Notice may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any Notice, request, demand, authorization, direction, notice, consent, waiver or other act by the Holder of a Certificateholder Certificate shall bind such Certificateholder Holder and every subsequent holder Holder of such Certificate and of any Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

Actions by Certificateholders. (a) Whenever Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instructions Notice given by Investor Certificateholders, such action, notice action or instruction Notice may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any Notice, request, demand, authorization, direction, notice, consent, waiver or other act by the Holder of a Certificateholder Certificate shall bind such Certificateholder Holder and every subsequent holder Holder of such Certificate and of any Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.. Section 13.14

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp)

AutoNDA by SimpleDocs

Actions by Certificateholders. (a) Whenever in Wherever this Agreement a provision is made provides that an action may be taken or a notice, demand or instructions instruction given by Investor Certificateholders, such action, notice or instruction may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder shall bind such Certificateholder Certificateholders and every subsequent holder Holder of such Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Master Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

Actions by Certificateholders. (a) Whenever in this Agreement a provision is made that an action may be taken or a notice, demand or instructions given by Investor Certificateholders, such action, notice or instruction may be taken or given by any Investor Certificateholder, unless such provision requires a specific percentage of Investor Certificateholders. (b) Any request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder shall bind such Certificateholder and every subsequent holder of such Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Stage Stores Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.