Common use of Exchange Note Remedies Clause in Contracts

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-20[__]-[__] Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-20[__]-[__] Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes Outstanding Amount [of the Controlling Class then OutstandingClass].

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2023-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2023-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2016-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2016-B Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2020-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2020-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2021-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2021-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2019-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2019-B Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2012-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2012-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2016-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2016-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2021-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2021-B Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2020-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2020-B Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2019-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2019-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2018-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2018-B Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2017-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2017-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2018-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2018-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2024-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2024-A Exchange Noteholder, will act at the direction of the Holders of Notes representing at least 66 2/3% of the Holders of the Notes of the Controlling Class then OutstandingOutstanding Amount.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2013-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2013-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2014-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2014-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2015-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2015-B Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2015-A Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2015-A Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.

Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 201[__]-[__] 2013-B Exchange Noteholder may take the actions set forth in Sections 6.04(c) or 6.05(a) of the Basic Collateral Agency Agreement; provided, that the Indenture Trustee, as the 201[__]-[__] 2013-B Exchange Noteholder, will act at the direction of 66 2/3% of the Holders of the Notes of the Controlling Class then Outstanding.