Amendments to Trust Agreement. The Trust Agreement may be amended, modified or supplemented from time to time by the Depositor and the Owner Trustee in the manner specified by Section 8.2 of the Trust Agreement; provided, however, that no amendment, modification or supplement shall be made unless either (A) the Primary Swap Counterparty consents in writing to such amendment, modification or supplement or (B) the amendment, modification or supplement will, as evidenced by an opinion of independent counsel addressed to the Primary Swap Counterparty, have no material adverse effect on the interests of the Primary Swap Counterparty.
Appears in 2 contracts
Samples: Swap Counterparty Rights Agreement (SWIFT Master Auto Receivables Trust), Swap Counterparty Rights Agreement (SWIFT Master Auto Receivables Trust)
Amendments to Trust Agreement. The Trust Agreement may be amended, modified or supplemented from time to time by the Depositor and the Owner Trustee Issuing Entity in the manner specified by Section 8.2 of the Trust Agreement; provided, however, that no amendment, modification or supplement shall be made unless either (A) the Primary Swap Counterparty consents in writing to such amendment, modification or supplement or (B) the amendment, modification or supplement will, as evidenced by an opinion of independent counsel addressed to the Primary Swap Counterpartya Materiality Opinion, have no material adverse effect on the interests of the Primary Swap Counterparty.
Appears in 2 contracts
Samples: Swap Counterparty Rights Agreement (Capital Auto Receivables Asset Trust 2008-1), Swap Counterparty Rights Agreement (Capital Auto Receivables LLC)
Amendments to Trust Agreement. The Trust Agreement may be amended, modified or supplemented from time to time by the Depositor and the Owner Trustee in the manner specified by Section 8.2 of the Trust Agreement; provided, however, that no amendment, modification or supplement shall be made unless either (A) the Primary Swap Counterparty consents in writing to such amendment, modification or supplement or (B) the amendment, modification or supplement will, as evidenced by an opinion of independent counsel addressed to the Primary Swap Counterpartya Materiality Opinion, have no material adverse effect on the interests of the Primary Swap Counterparty.
Appears in 2 contracts
Samples: Swap Counterparty Rights Agreement (Capital Auto Receivables Asset Trust 2007-2), Swap Counterparty Rights Agreement (Capital Auto Receivables Asset Trust 2007-3)
Amendments to Trust Agreement. The Trust Agreement may be amended, modified or supplemented from time to time by the Depositor and the Owner Trustee in the manner specified by Section 8.2 of the Trust Agreement; provided, however, that no amendment, modification or supplement shall be made unless either (A) the Primary Swap Counterparty consents in writing to such amendment, modification or supplement or (B) the amendment, modification or supplement will, as evidenced by an opinion Opinion of independent counsel Counsel addressed to the Primary Swap Counterparty, have no material adverse effect on the interests of the Primary Swap Counterparty.
Appears in 2 contracts
Samples: Swap Counterparty Rights Agreement (Ally Auto Receivables Trust 2010-3), Swap Counterparty Rights Agreement (Ally Auto Receivables Trust 2010-3)
Amendments to Trust Agreement. The Trust Agreement may be amended, modified or supplemented from time to time by the Depositor and the Owner Trustee Issuing Entity in the manner specified by Section 8.2 of the Trust Agreement; provided, however, that no amendment, modification or supplement shall be made unless either (A) the Primary Swap Counterparty consents in writing to such amendment, modification or supplement (such consent not to be unreasonably withheld) or (B) the amendment, modification or supplement will, as evidenced by an opinion of independent counsel addressed to the Primary Swap Counterpartya Materiality Opinion, have no material adverse effect on the interests of the Primary Swap Counterparty.
Appears in 1 contract
Samples: Swap Counterparty Rights Agreement (Capital Auto Receivables LLC)