Control by Noteholders. The Holders of at least a majority of the Outstanding Amount of the Notes of the Controlling Class, acting together as a single Class, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, that:
Appears in 102 contracts
Samples: Toyota Auto Receivables 2024-C Owner Trust, Toyota Auto Receivables 2024-C Owner Trust, Toyota Auto Receivables 2024-B Owner Trust
Control by Noteholders. The Holders of at least a majority of the Outstanding Amount of the Notes of the Controlling ClassNotes, acting together voting as a single Classclass, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 48 contracts
Samples: Nissan Auto Receivables 2024-a Owner Trust, Nissan Auto Receivables 2024-a Owner Trust, Indenture (Nissan Auto Receivables 2019-C Owner Trust)
Control by Noteholders. The Holders of at least a majority 51% of the Outstanding Amount of the Notes of the Controlling ClassClass A Notes, acting together as a single Classclass, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 8 contracts
Samples: Indenture (Toyota Auto Finance Receivables LLC), Tia Indenture (Toyota Motor Credit Receivables Corp), Indenture (Toyota Motor Credit Corp)
Control by Noteholders. The Holders Noteholders of at least a majority of the Outstanding Amount of the Notes of the Controlling Class, acting together as a single Class, Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:,
Appears in 2 contracts
Samples: Indenture (Wachovia Student Loan Trust 2005-1), Wachovia Education Loan Funding LLC
Control by Noteholders. The Holders Noteholders of at least a majority of the Outstanding Amount of the Notes of the Controlling Class, acting together as a single Class, Class shall have the right to direct in writing the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 2 contracts
Samples: Indenture (Chase Education Loan Trust 2007-A), Collegiate Funding of Delaware LLC
Control by Noteholders. The Holders of at least a majority of the Outstanding Amount of the Notes of the Controlling ClassNotes, acting together as a single Classclass, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 2 contracts
Samples: Toyota Auto Finance Receivables LLC, Toyota Auto Finance Receivables LLC
Control by Noteholders. The Holders of at least a majority of the Outstanding Amount of the Notes of the Controlling ClassClass A Notes, acting together as a single Classclass, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 1 contract
Samples: Toyota Auto Finance Receivables LLC
Control by Noteholders. The Holders of at least not less than a majority of the Outstanding Principal Amount of the Controlling Class of a Series of Notes of the Controlling Class, acting together as a single Class, shall will have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; providedTrustee with respect to the Notes of such Series, provided that:
Appears in 1 contract
Samples: Navistar Financial Dealer (Navistar International Corp)
Control by Noteholders. The Holders of at least a majority 51% of the Outstanding Amount of the Notes of the Controlling ClassNotes, acting together as a single Classclass, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee; provided, provided that:
Appears in 1 contract
Samples: Toyota Motor Credit Corp