CCR Election Notice. The Indenture Trustee shall deliver the written notice with respect to (i) Book-Entry Notes through the Applicable Procedures of the Depositary with respect to Book-Entry Notes and (ii) with respect to the Definitive Notes, to the extent provided, to the registered address of any Holders of Definitive Notes. In addition, the Indenture Trustee shall post the written notice on its password protected website at xxxx://xxx.xx.xxxxxxxxxx.xxx. The Manager shall provide written notice to the Indenture Trustee upon the occurrence of any change in the Controlling Class and shall confirm same upon written request from the Indenture Trustee. Each Controlling Class Member shall be allowed to nominate itself as a candidate for Controlling Class Representative (a “CCR Candidate”) (and shall not be permitted to nominate any other Person as a CCR Candidate) by submitting its nomination directly to the Indenture Trustee in writing in the form attached as Exhibit K hereto (a “CCR Nomination”) within the period specified in the CCR Election Notice, which shall be five (5) Business Days from the date thereof (the “CCR Nomination Period”). Each Controlling Class Member nominating a CCR Candidate shall also be required to represent and warrant that, as of the date not more than ten (10) Business Days prior to the date of the CCR Election Notice (i) it was the Beneficial Owner or Noteholder, as applicable, of the aggregate Note Principal Balance of Notes of the Controlling Class specified in its CCR Nomination and (ii) the CCR Candidate is a Controlling Class Member. CCR Nominations may be submitted by Controlling Class Members to the Indenture Trustee in pdf format via email at the email address for such purpose set forth in the CCR Election Notice, and no originals or medallion signature guarantees shall be required, and the Indenture Trustee shall be entitled to conclusively rely on, and shall be fully protected in relying on, CCR Nominations submitted in such manner. Each nomination shall include a contact for the CCR Candidate that will be available to answer any questions raised by a Noteholder or Beneficial Owner. Such contact information shall be posted on the Indenture Trustee’s website. For any nomination to be valid, the CCR Nomination must be delivered to the Indenture Trustee within the CCR Nomination Period. Unless all outstanding Notes are held by Affiliates of the Asset Entities, Notes held by Affiliates of the Asset Entities shall be disregarded when determining...
CCR Election Notice. The Trustee shall deliver the written notice with respect to Book-Entry Notes through the Applicable Procedures of the Clearing Agency with respect to Book-Entry Notes and to the registered address of any Holders of Definitive Notes in addition to posting the written notice on its password protected website at xxxx://xxx.xx.xxxxxxxxxx.xxx.
