Control by the Insurer. The Trustee shall comply with notices and instructions given by the Issuer only if accompanied by the written consent of the Insurer, except that if any Event of Default has occurred and is continuing, the Trustee shall act upon and comply with notices and instructions given by the Insurer alone in the place and stead of the Issuer.
Appears in 7 contracts
Samples: Indenture (Ikon Receivables LLC), Indenture (Ikon Receivables Funding LLC), Indenture (Ikon Receivables LLC)
Control by the Insurer. The Trustee shall comply with notices and instructions given by the Issuer only if accompanied by the written consent of the Insurer, except that if any Event of Default has occurred and is continuing, the Trustee shall act upon and comply with notices and instructions given by the Insurer alone in the place and stead of the Issuer.]
Appears in 1 contract
Control by the Insurer. The Trustee shall comply with written notices and instructions given by the Issuer only if accompanied by the written consent of the Insurer, except that if any Event of Default has occurred and is continuing, the Trustee shall act upon and comply with written notices and instructions given by the Insurer alone in the place and stead of the Issuer.
Appears in 1 contract
Samples: Indenture (Ikon Receivables LLC)
