Common use of Actions by Owner Trustee or Certificateholders Clause in Contracts

Actions by Owner Trustee or Certificateholders. 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 with Respect to Bankruptcy.................................................... 14 SECTION 4.04 Restrictions on Certificateholders' Power............................................ 14 SECTION 4.05 Majority of the Certificates Control................................................. 14 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Actions by Owner Trustee or Certificateholders. 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 with Respect to Bankruptcy.................................................... 14 ....................................................13 SECTION 4.04 Restrictions on Certificateholders' Power............................................ ............................................14 SECTION 4.05 Majority of the Certificates Control................................................. 14 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES4.05

Actions by Owner Trustee or Certificateholders. SECTION 4.01 Prior Notice to Certificateholders with Respect to Certain Matters................... 13 .....12 SECTION 4.02 Action by Certificateholders with Respect to Certain Matters......................... ...........13 SECTION 4.03 Action with Respect to Bankruptcy.................................................... 14 ......................................13 SECTION 4.04 Restrictions on Certificateholders' Power............................................ 14 ..............................13 SECTION 4.05 Majority of the Certificates Control................................................. 14 ARTICLE V APPLICATION ...................................13 TABLE OF TRUST FUNDS; CERTAIN DUTIESCONTENTS (CONTINUED)

Actions by Owner Trustee or Certificateholders. SECTION 4.01 Prior Notice to Certificateholders with Respect to Certain Matters................... 13 ...12 SECTION 4.02 Action by Certificateholders with Respect to Certain Matters......................... .........13 SECTION 4.03 Action with Respect to Bankruptcy.................................................... 14 ....................................13 SECTION 4.04 Restrictions on Certificateholders' Power............................................ 14 ............................13 SECTION 4.05 Majority of the Certificates Control................................................. .................................14 TABLE OF CONTENTS CONTINUED ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Actions by Owner Trustee or Certificateholders. SECTION 4.01 Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters................... 13 SECTION 4.02 ..........................14 Section 4.02. Action by Certificateholders with Respect to Certain Matters......................... 13 SECTION 4.03 ................................15 Section 4.03. Action by Certificateholders with Respect to Bankruptcy.................................................... 14 SECTION 4.04 .....................................16 Section 4.04. Restrictions on Certificateholders' Power............................................ 14 SECTION 4.05 Majority of the Certificates Control................................................. 14 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES...................................................16 Section 4.05.

Actions by Owner Trustee or Certificateholders. 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 ........... 14 SECTION 4.03 Action with Respect to Bankruptcy.................................................... ...................................... 14 SECTION 4.04 Restrictions on Certificateholders' Power............................................ .............................. 14 SECTION 4.05 Majority of the Certificates Control................................................. ................................... 14 ARTICLE V APPLICATION (Nissan 2004-C Amended & Restated Trust Agreement) TABLE OF TRUST FUNDS; CERTAIN DUTIESCONTENTS (CONTINUED)

Actions by Owner Trustee or Certificateholders. 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 with Respect to Bankruptcy.................................................... ............................ 14 SECTION 4.04 Restrictions on Certificateholders' Power............................................ .................... 14 SECTION 4.05 Majority of the Certificates Control................................................. ......................... 14 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Actions by Owner Trustee or Certificateholders. 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 with Respect to Bankruptcy.................................................... ....................................................................... 14 SECTION 4.04 Restrictions on Certificateholders' Power............................................ ............................................................... 14 SECTION 4.05 Majority of the Certificates Control................................................. .................................................................... 14 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Actions by Owner Trustee or Certificateholders. SECTION 4.01 Prior Notice to Certificateholders with Respect to Certain Matters................... 13 ...12 SECTION 4.02 Action by Certificateholders with Respect to Certain Matters......................... .........13 SECTION 4.03 Action with Respect to Bankruptcy.................................................... 14 ....................................13 SECTION 4.04 Restrictions on Certificateholders' Power............................................ 14 ............................13 SECTION 4.05 Majority of the Certificates Control................................................. 14 .................................13 TABLE OF CONTENTS (CONTINUED) ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Actions by Owner Trustee or Certificateholders. SECTION 4.01 Prior Notice to Certificateholders with Respect to Certain Matters................... 13 12 SECTION 4.02 Action by Certificateholders with Respect to Certain Matters......................... 13 SECTION 4.03 Action with Respect to Bankruptcy.................................................... 14 13 SECTION 4.04 Restrictions on Certificateholders' Power............................................ 14 13 SECTION 4.05 Majority of the Certificates Control................................................. 14 ARTICLE V APPLICATION 13 TABLE OF TRUST FUNDS; CERTAIN DUTIESCONTENTS (CONTINUED)