Additional Considerations. For the avoidance of doubt, the restrictions on any action of the Indenture Trustee due to the Indenture Trustee’s reliance on an Officer’s Certificate, an Opinion of Counsel or the failure of any Noteholder or Verified Note Owner to provide reasonable security pursuant to Sections 6.2(b) and 7.5 of the Indenture shall not apply to this Section 3.1(d). For the avoidance of doubt, nothing in this Section 3.1(d) shall be binding on the Owner Trustee or the Grantor Trust Trustee or require the Owner Trustee or the Grantor Trust Trustee to participate in the ADR Proceeding.
Appears in 21 contracts
Samples: Receivables Transfer Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2022-P1)
Additional Considerations. For the avoidance of doubt, the restrictions on any action of the Indenture Trustee due to the Indenture Trustee’s reliance on an Officer’s Certificate, an Opinion of Counsel or the failure of any Noteholder or Verified Note Owner to provide reasonable security pursuant to Sections 6.2(b) and 7.5 of the Indenture shall not apply to this Section 3.1(d)3.2. For the avoidance of doubt, nothing in this Section 3.1(d) 3.2 shall be binding on the Owner Trustee or the Grantor Trust Trustee or require the Owner Trustee or the Grantor Trust Trustee to participate in the ADR Proceeding.
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P2)
