Actions by Owner Trustee or the Certificateholder. Section 4.01 Prior Notice to the Certificateholder with Respect to Certain Matters............................................................10 Section 4.02 Action by the Certificateholder with Respect to Certain Matters....10 Section 4.03 Action with Respect to Bankruptcy..................................11 Section 4.04 Restrictions on the Certificateholder's Power......................11
Actions by Owner Trustee or the Certificateholder. SECTION 4.01 PRIOR NOTICE TO THE 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 (or such shorter period as shall be agreed to in writing by the Certificateholder), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 30th day (or such agreed upon shorter period) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:
(a) the initiation of any claim or lawsuit by the Trust (except claims or lawsuits brought in connection with the collection of the Receivables) and the compromise of any action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of the Receivables);
(b) the election by the Trust to file an amendment to the Certificate of Trust (unless such amendment is required to be filed under the Statutory Trust Statute);
(c) the amendment of the Indenture, whether or not by a Supplemental Indenture, in circumstances where the consent of any Noteholder is required;
(d) the amendment of the Indenture, whether or not by a Supplemental Indenture, in circumstances where the consent of any Noteholder is not required but such amendment materially adversely affects the interest of the Certificateholder;
(e) the amendment, change or modification of the Administration Agreement, other than to cure any ambiguity or to amend or supplement any provision in a manner or add any provision that would not materially adversely affect the interests of the Certificateholder; or
(f) the appointment (i) pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture Trustee and (ii) any consent by the Note Registrar, Paying Agent or Indenture Trustee to the assignment of its respective obligations under the Indenture or this Agreement, as applicable.
Actions by Owner Trustee or the Certificateholder. Section 4.01 Prior Notice to the Certificateholder with Respect to Certain Matters Section 4.02 Action by the Certificateholder with Respect to Certain Matters Section 4.03 Action with Respect to Bankruptcy 11 Section 4.04 Restrictions on the Certificateholder’s Power
Actions by Owner Trustee or the Certificateholder. Section 4.01 Prior Notice to the Certificateholder with Respect to Certain Matters....
Actions by Owner Trustee or the Certificateholder. Section 4.01 TABLE OF CONTENTS (CONTINUED) PAGE ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Section 5.01 Establishment of Collection Account and Payahead Account....11 Section 5.02 Application of Amounts in Trust Accounts....................12 Section 5.03
Actions by Owner Trustee or the Certificateholder
