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 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 (Nissan 2005-C Amended and Restated Trust Agreement) i TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Accounts 14 SECTION 5.02 Application of Amounts in Trust Accounts 16 SECTION 5.03 Method of Payment 17 SECTION 5.04 Accounting and Reports to the Noteholders, Certificateholders, the Internal Revenue Service and Others 17 SECTION 5.05 Signature on Returns; Tax Matter Partner 17

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 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 (Nissan 2005-C [200_-___] Amended and & Restated Trust Agreement) i TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Accounts 14 SECTION 5.02 Application of Amounts in Trust Accounts APPLICATION OF AMOUNTS IN TRUST ACCOUNTS 16 SECTION 5.03 Method of Payment 17 SECTION 5.04 Accounting and Reports to the Noteholders, Certificateholders, the Internal Revenue Service and Others 17 SECTION 5.05 Signature on Returns; Tax Matter Partner 17

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 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 i (Nissan 2005-C B Amended and & Restated Trust Agreement) i TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Accounts 14 SECTION 5.02 Application of Amounts in Trust Accounts 16 SECTION 5.03 Method of Payment 17 SECTION 5.04 Accounting and Reports to the Noteholders, Certificateholders, the Internal Revenue Service and Others 17 SECTION 5.05 Signature on Returns; Tax Matter Partner 17

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 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 i (Nissan 20052006-C A Amended and Restated Trust Agreement) i TABLE OF CONTENTS (continued) Page ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES SECTION 5.01 Establishment of Accounts 14 SECTION 5.02 Application of Amounts in Trust Accounts 16 SECTION 5.03 Method of Payment 17 SECTION 5.04 Accounting and Reports to the Noteholders, Certificateholders, the Internal Revenue Service and Others 17 SECTION 5.05 Signature on Returns; Tax Matter Partner 17