Common use of Communications Between Noteholders Clause in Contracts

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents may send a request to the Servicer, on behalf of the Issuer, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer with the Commission. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) will be deemed to have certified to the Issuer and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Documents, and will not be used for other purposes. The Issuer will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 34 contracts

Samples: Indenture (CarMax Auto Owner Trust 2024-3), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-2)

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Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a request to the Issuing Entity or the Servicer, on behalf of the IssuerIssuing Entity, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer Issuing Entity with the Commission. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Ownersowners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account, statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) 7.6 will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 13 contracts

Samples: Indenture (CNH Equipment Trust 2024-C), Indenture (CNH Equipment Trust 2024-C), Indenture (CNH Equipment Trust 2024-B)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents may send a request to the Issuer or the Servicer, on behalf of the Issuer, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer with the Securities and Exchange Commission. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b7.1(e) will be deemed to have certified to the Issuer and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Documents, and will not be used for other purposes. The Issuer will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer with the Securities and Exchange Commission for the Collection Period in which the request was received (A) a statement that the Servicer Issuer has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 13 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2023-C)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a written request to the Servicer, Administrator on behalf of the Issuer, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx Issuing Entity or the Servicer to include information regarding the communication in a Form 10-D to be filed by the Issuer Servicer, on behalf of the Issuing Entity, with the Commission. Each request must include (i) the name of the requesting Noteholder (in the case of any Definitive Note) or Note OwnerOwner (in the case of any Book-Entry Note), (ii) the method by which other Noteholders or and Note Owners, as applicable, Owners may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, which may be a trade confirmation, account statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, Owner that delivers a request under this Section 7.5(b7.02(e) will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, Owners relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, Owners about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, Owners may contact the requesting Noteholder or Note Owner. Each The Servicer will bear any costs associated with including any such communication in the Form 10-D and each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees shall be required to agree that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Asset Representations Reviewer, the Servicer, the Depositor, the IssuerIssuing Entity, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costscosts (for the avoidance of doubt, this sentence shall not limit the Issuing Entity or Administrator’s obligations to the Indenture Trustee pursuant to Sections 6.02(f) or 7.02(d)).

Appears in 12 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2019-C), Indenture (World Omni Auto Receivables Trust 2019-C), Indenture (World Omni Auto Receivables Trust 2018-B)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive NotesNote) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a request to the Issuing Entity or the Servicer, on behalf of the IssuerIssuing Entity, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer Issuing Entity with the CommissionSEC. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Ownersowners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account, statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) 7.6 will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission SEC for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 10 contracts

Samples: Indenture (CNH Equipment Trust 2017-C), Indenture (CNH Equipment Trust 2017-C), Indenture (CNH Equipment Trust 2017-B)

Communications Between Noteholders. Three or more Noteholders (if the Notes are represented by Definitive Notes) or Note Owners (if the Notes are represented by Book-Entry Notes) may request a list of all Noteholders or Note Owners, as applicable, maintained by the Indenture Trustee for the purpose of communicating with other Noteholders about their rights under this Indenture or under the Notes. Any such request must be accompanied by a copy of the communication that the requesting Noteholders propose to send. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a request to the Issuer or the Servicer, on behalf of the Issuer, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer with the Commission. Each request must include (ia) the name of the requesting Noteholder or Note Owner, (iib) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iiic) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) will be deemed to have certified to the Issuer and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer with the Commission for the Collection Period in which the request was received (Ai) a statement that the Servicer Issuer has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (Bii) the name of the requesting Noteholder or Note Owner, (Ciii) the date the request was received and (Div) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder Any expenses of the Issuer or Note Ownerthe Servicer relating to an investor communication, by its acceptance including any review of documents evidencing ownership of a Note or, in and the case inclusion of a Note Owner, a beneficial interest the investor communication information in a NoteForm 10-D, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, be paid by the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 6 contracts

Samples: Indenture (California Republic Auto Receivables Trust 2017-1), Indenture (California Republic Auto Receivables Trust 2017-1), Indenture (California Republic Auto Receivables Trust 2016-2)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a written request to the Servicer, Administrator on behalf of the Issuer, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx Issuing Entity or the Servicer to include information regarding the communication in a Form 10-D to be filed by the Issuer Servicer, on behalf of the Issuing Entity, with the Commission. Each request must include (i) the name of the requesting Noteholder (in the case of any Definitive Note) or Note OwnerOwner (in the case of any Book-Entry Note), (ii) the method by which other Noteholders or and Note Owners, as applicable, Owners may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a written certification from stating that the Person that it is a Verified Note Ownerbeneficial owner of a Note, together with at least one form of documentation such as a trade confirmation, an account statement, a letter from a broker or dealer verifying ownership or another similar document evidencing ownership of a Note, upon which the Indenture Trustee may conclusively rely. A Noteholder or Verified Note Owner, as applicable, Owner that delivers a request under this Section 7.5(b7.02(e) will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, Owners relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, Owners about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, Owners may contact the requesting Noteholder or Note Owner. Each The Servicer will bear any costs associated with including any such communication in the Form 10-D and each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees shall be required to agree that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Asset Representations Reviewer, the Servicer, the Depositor, the IssuerIssuing Entity, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costscosts (for the avoidance of doubt, this sentence shall not limit the Issuing Entity or Administrator’s obligations to the Indenture Trustee pursuant to Sections 6.02(f) or 7.02(d)).

Appears in 4 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-A)

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Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive NotesNote) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a request to the Issuing Entity or the Servicer, on behalf of the IssuerIssuing Entity, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer Issuing Entity with the Commission. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Ownersowners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account, statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) 7.6 will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission Comission for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the Issuer, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 4 contracts

Samples: Indenture (CNH Equipment Trust 2019-C), Indenture (CNH Equipment Trust 2019-C), Indenture (CNH Equipment Trust 2019-B)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents may send a request to the ServicerAdministrator, on behalf of the IssuerIssuing Entity, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx xxx-xxxxxxxxxxxx@xxxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer Issuing Entity with the Commission. Each request must include (i) the name of the requesting Noteholder or Verified Note Owner, (ii) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b) will be deemed to have certified to the Issuer and the Servicer Administrator that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Documents, and will not be used for other purposes. The Issuer will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer Administrator will include in the Form 10-D filed by the Issuer with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer Administrator has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received received, (D) a statement that the Noteholder is interested in communicating with other Noteholders about the possible exercise of rights under the Transaction Documents and (DE) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the IssuerIssuing Entity, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 2 contracts

Samples: Indenture (Carvana Auto Receivables Trust 2021-N2), Indenture (Carvana Auto Receivables Trust 2021-N2)

Communications Between Noteholders. A Noteholder (if the Notes are represented by Definitive Notes) or a Note Owner (if the Notes are represented by Book-Entry Notes) that seeks to communicate with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents may send a written request to the Issuing Entity or the Servicer, on behalf of the IssuerIssuing Entity, at XXX_Xxxx_Xxx_Xxxx@xxxxxx.xxx to include information regarding the communication in a Form 10-D to be filed by the Issuer Servicer with the Commission. Each request must include (i) the name of the requesting Noteholder or Note Owner, (ii) the method by which other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner and (iii) in the case of a Note Owner, evidence of and a certification from that Person that it is a Verified Note Owner, together with at least one form of documentation evidencing its ownership of a Note, including a trade confirmation, account statement, letter from a broker or dealer or similar document. A Noteholder or Verified Note Owner, as applicable, that delivers a request under this Section 7.5(b7.02(e) will be deemed to have certified to the Issuer Issuing Entity and the Servicer that its request to communicate with other Noteholders or Note Owners, as applicable, relates solely to a possible exercise of rights under this Indenture or the other Transaction Basic Documents, and will not be used for other purposes. The Issuer Issuing Entity will promptly deliver any such request to the Servicer. On receipt of such a request, the Servicer will include in the Form 10-D filed by the Issuer Issuing Entity with the Commission for the Collection Period in which the request was received (A) a statement that the Servicer Issuing Entity has received a request from a Noteholder or Note Owner, as applicable, that is interested in communicating with other Noteholders or Note Owners, as applicable, about a possible exercise of rights under this Indenture or the other Transaction Basic Documents, (B) the name of the requesting Noteholder or Note Owner, (C) the date the request was received and (D) a description of the method by which the other Noteholders or Note Owners, as applicable, may contact the requesting Noteholder or Note Owner. Each The Servicer will bear any costs associated with including any such communication in the Form 10-D and each Noteholder or Note Owner, by its acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees that such requesting Noteholder or Note Owner will pay any costs associated with communicating with other Noteholders or Note Owners, and none of the Seller, the Servicer, the Depositor, the IssuerIssuing Entity, the Administrator, the Indenture Trustee or the Owner Trustee will be responsible for such costs.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

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