Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 96 contracts
Samples: Trust Agreement (Ally Auto Assets LLC), Trust Agreement (Ally Auto Receivables Trust 2016-1), Trust Agreement (Ally Auto Receivables Trust 2016-1)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 74 contracts
Samples: Trust Agreement (Carvana Auto Receivables Trust 2024-P2), Trust Agreement (Carvana Auto Receivables Trust 2024-P2), Trust Agreement (Ally Auto Receivables Trust 2024-1)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements:
Appears in 31 contracts
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust Xii), Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Trust Agreement (Superior Wholesale Inventory Financing Trust Xi)
Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any the Certificateholder to bring a derivative action in the right of the Trust is hereby made expressly subject to such Certificateholder meeting all requirements set forth in the following limitations and requirements:Statutory Trust Statute.
Appears in 3 contracts
Samples: Trust Agreement (Ally Wholesale Enterprises LLC), Trust Agreement (Wholesale Auto Receivables LLC), Trust Agreement (SWIFT Master Auto Receivables Trust)
