Actions by Owner Trustee. SECTION 4.1. Prior Notice to Certificateholders with Respect to Certain Matters......................12 SECTION 4.2. Action by Certificateholders with Respect to Certain Matters............................13 SECTION 4.3. Action by Certificateholders with Respect to Bankruptcy.................................13 SECTION 4.4. Restrictions on Certificateholders' Power...............................................13 SECTION 4.5. Majority Control........................................................................13 ARTICLE V
Actions by Owner Trustee. SECTION 4.1. Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholder in writing of the proposed action:
(a) the initiation of any claim or lawsuit on behalf of the Owner Trust (except claims or lawsuits brought to collect on the Series Certificate) and the compromise of any material action, claim or lawsuit brought by or against the Owner Trust or the Owner Trustee (except with respect to the aforementioned claims or lawsuits to collect on the Series Certificate);
(b) the amendment of the Indenture by a supplemental indenture in circumstances where the consent of any Noteholder is required;
(c) the amendment of the Indenture by a supplemental indenture in circumstances where the consent of any Noteholder is not required and such amendment materially adversely affects the interest of the Certificateholder;
(d) the amendment, change or modification of the Deposit and Administration Agreement, except any amendment where the consent of the Certificateholder is not required under the terms of the Deposit and Administration Agreement; or
(e) the appointment pursuant to the Indenture of a successor Indenture Trustee or the consent to the assignment by the Note Registrar, the Paying Agent, the Indenture Trustee or the Certificate Registrar of its obligations under the Indenture. The Owner Trustee shall notify the Certificateholder in writing of any appointment of a successor Paying Agent, Authenticating Agent or Certificate Registrar within five Business Days thereof.
Actions by Owner Trustee. Prior Notice to Owners with Respect to Certain Matters.......IV-1 Section 4.2 Action by Owners with Respect to Certain Matters.............IV-3 Section 4.3 Action by Owners with Respect to Bankruptcy..................IV-3 Section 4.4 Restrictions on Owners' Power................................IV-3 Section 4.5 Majority Control.............................................IV-3 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 13 Section 4.02. Action by Certificateholders with Respect to Certain Matters 13 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 13 Section 4.04. Restrictions on Certificateholders’ Power 14 Section 4.05. Majority Control 14 Section 4.06. Certain Litigation Matters 14 Section 5.01. Application of Trust Funds 15 Section 5.02. Method of Payment 15 Section 5.03. No Segregation of Monies; No Interest 16 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others 16 Section 5.05. Signature on Returns; Tax Matters Partner 16 Section 6.01. General Authority 18 Section 6.02. General Duties 18 Section 6.03. Action Upon Instruction 18 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 19 Section 6.05. No Action Except Under Specified Documents or Instructions 19 Section 6.06. Restrictions 20 Section 6.07. Notice to Administrator of Repurchase Requests 20 Section 7.01. Acceptance of Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates 23 Section 7.07. Owner Trustee May Own Securities 24
Actions by Owner Trustee. Section 4.01 Prior Notice with Respect to Certain Matters 18 Section 4.02 Action by Servicer with Respect to Certain Matters 20 Section 4.03 Action by Certificateholders with Respect to Bankruptcy 20 Section 4.04 Restrictions on Certificateholders’ Power 20 Section 4.05 Majority Control 20
Actions by Owner Trustee. Section 4.01. Prior Notice to Owners with Respect to Certain Matters 13 Section 4.02. Action by Owners with Respect to Certain Matters 14 Section 4.03. Action by Owners with Respect to Bankruptcy 14 Section 4.04. Restrictions on Owners’ Power 14 Section 4.05. Majority Control 15 Section 5.01. Establishment of Trust Account 15 Section 5.02. Application of Trust Funds 15 Section 5.03. Method of Payment 16 Section 5.04. No Segregation of Monies; No Interest 16 Section 5.05. Accounting and Reports to Owners, Internal Revenue Service and Others 16 Section 6.01. General Authority 17 Section 6.02. General Duties 17 Section 6.03. Action Upon Instruction 17
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters 10 Section 4.02. Action by Certificateholders with Respect to Certain Matters 11 Section 4.03. Action by Certificateholders with Respect to Bankruptcy 11 Section 4.04. Restrictions on Certificateholders’ Power 11 Section 4.05. Majority Control 12 Section 5.01. Establishment of Trust Account 12 Section 5.02. Application of Trust Funds 12 Section 5.03. Method of Payment 12 Section 5.04. No Segregation of Monies; No Interest 12 Section 5.05. Accounting and Reports to Certificateholders, Internal Revenue Service and Others 13 Section 5.06. Audit Procedure 13 Section 6.01. General Authority 14 Section 6.02. General Duties 14 Section 6.03. Action Upon Instruction 14 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 15 Section 6.05. No Action Except Under Specified Documents or Instructions 15 Section 6.06. Restrictions 15 Section 6.07. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 16 Section 7.01. Acceptance of Trusts and Duties 17 Section 7.02. Furnishing of Documents 18 Section 7.03. Representations and Warranties of the Owner Trustee and the Delaware Trustee 18 Section 7.04. Reliance, Advice of Counsel 20 Section 7.05. Not Acting in Individual Capacity 20 Section 7.06. Owner Trustee and Delaware Trustee Not Liable for Trust Certificates or Receivables 21 Section 7.07. Owner Trustee or Delaware Trustee May Own Trust Certificates and Notes 21 Section 7.08. Duties of the Delaware Trustee 21 Section 8.01. Owner Trustee’s and Delaware Trustee’s Fees and Expenses 22 Section 8.02. Indemnification 22 Section 8.03. Payments to the Owner Trustee and to the Delaware Trustee 22 Section 9.01. Termination of Trust Agreement 23 Section 10.01. Eligibility Requirements for Owner Trustee and Delaware Trustee 24 Section 10.02. Resignation or Removal of Owner Trustee or Delaware Trustee 24 Section 10.03. Successor Owner Trustee or Delaware Trustee 25 Section 10.04. Merger or Consolidation of Owner Trustee or Delaware Trustee 26 Section 10.05. Appointment of Co-Trustee or Separate Trustee 26
Actions by Owner Trustee. SECTION 4.1. Prior Notice to Certificateholder with Respect to Certain Matters...............9
Actions by Owner Trustee. 13 SECTION 4.1 Prior Notice to Owners with Respect to Certain Matters.......................13 SECTION 4.2 Action by Holders with Respect to Certain Matters............................14 SECTION 4.3 Action by Holders with Respect to Bankruptcy.................................14 SECTION 4.4 Restrictions on Holders' Power...............................................14 SECTION 4.5
Actions by Owner Trustee. Section 4.01. Prior Notice to Certificateholders Regarding Certain Matters......