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, with the consent of the Holders of not less than 66-2/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by Action of said Holders delivered to 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 5 contracts

Samples: Indenture (American Express Receivables Financing Corp VIII LLC), Second Amended and Restated Indenture (American Express Receivables Financing Corp VIII LLC), Indenture (American Express Receivables Financing Corp VIII LLC)

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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 In addition to the provisions of the Trust Agreementany amendment permitted by Section 10.07(a), with the consent of the Holders of not less 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 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 3 contracts

Samples: Indenture (Barclays Dryrock Issuance Trust), Indenture (Dryrock Issuance Trust), Indenture (Dryrock Issuance Trust)

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Amendments to the Trust Agreement. (a) Subject to the provisions of the Trust Agreement, without Without the consent of the Holders of any Notes or the Indenture TrusteeNotes, the Owner Issuer Trustee (at the written direction of the Managing Beneficiary) and the Beneficiary Banks may amend the Trust Agreement so long as such amendment will not have an Adverse Effect adversely affect the interests of the Noteholders in any material respect and is the Rating Agencies confirm in writing that the amendment will not reasonably expected to have an Adverse Effect at any time in the futurecause a Ratings Effect. (b) Subject to the provisions of the Trust Agreement, with With written confirmation from each applicable Rating Agency that there will be no Ratings Effect and the consent of the Holders of not less than 66-2/3662/3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by Action Act of said Holders delivered to the Indenture Master Trust Trustee, the Beneficiary Banks and the Owner Issuer Trustee (at the written direction of the Managing 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 (Citibank Credit Card Master Trust I)

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