Common use of Amendments to the Trust Agreement Clause in Contracts

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 3 contracts

Samples: Indenture (Chase Card Funding LLC), Indenture (Chase Issuance Trust), Indenture (Chase Issuance Trust)

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Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the futurefuture and the Indenture Trustee shall have received written confirmation from each Note Rating Agency that such amendment will not have a Ratings Effect. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class class or Tranche classes of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄3662/3% in Outstanding Dollar Principal Amount of each class or classes the Outstanding Notes affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the CARCO Trust Trustee, DCWR and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 2 contracts

Samples: Indenture (Daimlerchrysler Master Owner Trust), Indenture (Daimlerchrysler Wholesale Receivables LLC)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄366-2/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Action of said Holders delivered to Chase Card Funding the Indenture Trustee, the Beneficiary and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.. [END OF ARTICLE X]

Appears in 2 contracts

Samples: Indenture (American Express Issuance Trust), Indenture Agreement (American Express Issuance Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding First USA and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.. [END OF ARTICLE IX]

Appears in 2 contracts

Samples: Indenture (First Usa Credit Card Master Trust), Indenture Agreement (First Usa Credit Card Master Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not not, in the reasonable belief of the Beneficiary, have an Adverse Effect and is not reasonably expected by the Beneficiary to have an Adverse Effect at any time in the futurefuture on any Noteholder whose consent has not been obtained (as evidenced by an Officer’s Certificate of the Beneficiary delivered to the Indenture Trustee). (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Series, Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄366-2/3% in Outstanding Dollar Principal Amount of the Outstanding Notes adversely affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the Indenture Trustee, the Beneficiary and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 2 contracts

Samples: Indenture (WF Card Funding LLC), Indenture Agreement (WF Card Issuance Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding USA and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (First Usa Credit Card Master Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding USA and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.. [END OF ARTICLE IX]

Appears in 1 contract

Samples: Indenture (Chase Manhattan Bank Usa)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄366-2/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Action of said Holders delivered to Chase Card Funding the Indenture Trustee, the Beneficiary and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (American Express Issuance Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the BeneficiaryAdministrator) and the Beneficiary Administrator may amend the Trust Agreement so long as such amendment will shall not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche class of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the Master Trust Trustee, the Transferor and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary Administrator) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (Mellon Bank Premium Finance Loan Master Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of the Notes of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3662⁄3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (Jpmorgan Chase Bank, National Association)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long upon delivery by the Issuer to the Indenture Trustee of an Officer's Certificate to the effect that the Issuer reasonably believes that, based on the facts known to such officer at the time of such certification, as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject In addition to any amendment permitted pursuant to Section 1008(a), subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class series, class or Tranche tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄366% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Action of said Holders delivered to Chase Card Funding the Indenture Trustee, the Beneficiary and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (National City Bank /)

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Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3% 66⅔% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding USA and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (First Usa Credit Card Master Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long upon delivery by the Issuer to the Indenture Trustee of an Officer's Certificate to the effect that the Issuer reasonably believes that, based on the facts known to such officer at the time of such certification, as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject In addition to any amendment permitted pursuant to Section 1008(a), subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class class or Tranche tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3% 66"% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Action of said Holders delivered to Chase Card Funding the Indenture Trustee, the Beneficiary and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄3662/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card Funding First USA and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.. [END OF ARTICLE IX]

Appears in 1 contract

Samples: Indenture (Bank One Delaware National Association)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will shall not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche Classes of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄32/3% in Outstanding Dollar Principal Amount of each Class or Classes the Outstanding Notes affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the Issuer, CWRI, the Servicer and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (CNH Wholesale Receivables Inc)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Transferor, the Owner Trustee (at the written direction of the BeneficiaryAdministrator) and the Beneficiary Administrator may amend the Trust Agreement so long as such amendment will shall not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche class of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the Master Trust Trustee, the Transferor and the Owner Trustee (at the written direction of the Beneficiary), Administrator) and the Beneficiary Administrator may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (Mellon Premium Finance Loan Owner Trust)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more than 66 2⁄32/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Wachovia Card Funding Receivables LLC and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.. ARTICLE X REPRESENTATIONS, WARRANTIES AND COVENANTS OF ISSUING ENTITY

Appears in 1 contract

Samples: Indenture (Wachovia Card Receivables LLC)

Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future. (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the Issuing Entity Issuer which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class class or Tranche classes of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more not less than 66 2⁄3662/3% in Outstanding Dollar Principal Amount of each class or classes the Outstanding Notes affected by such amendment, by action Act of said Holders delivered to Chase Card Funding the CARCO Trust Trustee, DCWR and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary ) may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those Noteholders.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Wholesale Receivables LLC)

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