Common use of Exemptive Orders Clause in Contracts

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the Transaction Documents and the conditions and procedures stated in the exemptive order.

Appears in 68 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2022-A)

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Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the Transaction Documents and the conditions and procedures stated in the exemptive order.

Appears in 23 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s 's obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the Transaction Documents and the conditions and procedures stated in the exemptive order.

Appears in 22 contracts

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

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series [_]-[_] Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 3 contracts

Samples: Verizon Master Trust, Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-7 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2023-1 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2023-7 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2024-1 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-4 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2024-4 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2023-4 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-1 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2021-2 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2024-3 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-2 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2023-5 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-3 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2023-2 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2021-1 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-5 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 1 contract

Samples: Verizon Master Trust

Exemptive Orders. If the Securities and Exchange Commission issues an exemptive order under Section 304(d) of the TIA modifying the Indenture Trustee’s obligations under Sections 314(c) and 314(d)(1) of the TIA, the Indenture Trustee will release property from the Lien of this Indenture only according to the this Indenture, any other Series 2022-6 Series Related Document or any Transaction Documents Document and the conditions and procedures stated in the exemptive order.

Appears in 1 contract

Samples: Verizon Master Trust

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