Common use of Amendment of Bankruptcy Related Provisions Clause in Contracts

Amendment of Bankruptcy Related Provisions. None of the provisions of this Article shall be amended, altered or repealed without the written consent of 100% of the Board, including the Independent Managers, and 10 days notice to each Rating Agency during which time no Rating Agency shall have notified the Company that such action might or would result in the qualification, reduction or withdrawal of the ratings it has currently assigned to any outstanding Securities. ARTICLE SIX CAPITAL CONTRIBUTIONS; BORROWINGS

Appears in 45 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2012-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2014-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2014-1 Owner Trust)

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Amendment of Bankruptcy Related Provisions. None of the provisions of this Article shall be amended, altered or repealed without the written consent of 100% of the Board, including the Independent Managers, and 10 days notice to each Rating Agency during which time no Rating Agency shall have notified the Company that such action might or would result in the qualification, reduction or withdrawal of the ratings it has currently assigned to any outstanding Securities. ARTICLE SIX CAPITAL CONTRIBUTIONS; BORROWINGSSIX

Appears in 1 contract

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2010-2 Owner Trust)

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