Amendment of the Organizational Documents. Transferor shall not amend in any material respect its certificate of formation or its limited liability company agreement without providing the Rating Agencies with notice no later than the fifth Business Day prior to such amendment (unless the right to such notice is waived by the Rating Agency) and satisfying the Rating Agency Condition.
Appears in 6 contracts
Samples: Transfer and Servicing Agreement, Transfer and Servicing Agreement (First National Funding LLC), Transfer and Servicing Agreement (First National Funding LLC)
Amendment of the Organizational Documents. Transferor shall not amend in any material respect its certificate of formation or its limited liability company agreement without providing the Rating Agencies with notice no later than the fifth Business Day prior to such amendment (unless the right to such notice is waived by the Rating Agencyi) and satisfying the Rating Agency Condition, (ii) delivering as Officer’s Certificate regarding no material adverse effect or (iii) obtaining consent of not less than 66 2/3% of the Outstanding Amount of the Notes, in each case, as required under the limited liability company agreement.
Appears in 1 contract
Samples: Transfer Agreement (Bread Financial Holdings, Inc.)
