Common use of General Amendments Clause in Contracts

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 24 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2021-A), Indenture (Ford Credit Auto Owner Trust 2021-A), Indenture (Ford Credit Auto Owner Trust 2020-C)

AutoNDA by SimpleDocs

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or applicable law or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 21 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-A)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in any prospectus or offering memorandum related to the Notes, in each case, without the consent of the Noteholders or any other Person; (vii) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 20 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-D), Indenture (Ford Credit Auto Owner Trust 2024-C), Indenture (Ford Credit Auto Owner Trust 2024-C)

General Amendments. Without the consent of the Noteholders or the Certificateholders, but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations covenants of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a any term in this Indenture inconsistent with another term in this Indenture or to add terms provisions which are not inconsistent with the other terms provisions of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersNoteholders or the Certificateholders, as applicable; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA.

Appears in 18 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA.

Appears in 17 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations covenants of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a any term in this Indenture inconsistent with another term in this Indenture or to add terms provisions which are not inconsistent with the other terms provisions of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other another terms required by the TIA.

Appears in 13 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2017-A), Indenture (Ford Credit Auto Owner Trust 2017-A), Indenture (Ford Credit Auto Owner Trust 2016-C)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or applicable law or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in any prospectus or offering memorandum related to the Notes, in each case, without the consent of the Noteholders or any other Person; (vii) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 10 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to correct any manifest error in the terms of this Indenture as compared to effect the qualification of this Indenture under terms expressly set forth in the TIA and to add to this Indenture other terms required by the TIAOffering Memorandum.

Appears in 5 contracts

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

General Amendments. Without the consent of the Noteholders or the Certificateholders, but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations covenants of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a any term in this Indenture inconsistent with another term in this Indenture or to add terms provisions which are not inconsistent with the other terms provisions of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersNoteholders or the Certificateholders, as applicable; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, the Administrator may amend any term or provision of this Indenture from time to time for the purpose of making Benchmark Replacement Conforming Changes, without the consent of Noteholders, the Certificateholders, any party to this Indenture or any other Person.

Appears in 5 contracts

Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Indenture (Verizon Owner Trust 2020-A), Indenture (Verizon Owner Trust 2020-A)

General Amendments. Without the consent of the Noteholders but after notifying with prior notice by the Issuer to the Rating Agencies, the Issuer and the Indenture Trustee maymay enter and, and when directed by Issuer Order willOrder, amend will enter into one or more amendments to this IndentureIndenture for the following purposes: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations covenants of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a any term in this Indenture inconsistent with another term in this Indenture or to add terms provisions which are not inconsistent with the other terms provisions of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other another terms required by the TIA. Each amendment entered into will be in form reasonably satisfactory to the Indenture Trustee. The Indenture Trustee is authorized to execute the amendment and any other agreements required by the amendment.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2024-1 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2023-7 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2022-7 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2024-3 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2023-4 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2023-5 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. [In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series [_]-[_] Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.]

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) [to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in any prospectus or offering memorandum related to the Notes, in each case, without the consent of the Noteholders or any other Person;] (vii) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2024-4 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 2 contracts

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

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2024-8 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in this Indenture or applicable law or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the Noteholders; (vi) [to clarify an ambiguity, correct an error or correct or supplement a term in this Indenture inconsistent with another term in any prospectus or offering memorandum related to the Notes, in each case, without the consent of the Noteholders or any other Person;] (vii) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture necessary for the administration of the trusts under this Indenture by more than one trustee; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other terms required by the TIA.

Appears in 1 contract

Samples: Indenture (CAB East LLC)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2024-6 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

General Amendments. Without the consent of the Noteholders but after notifying with prior notice by the Issuer to the Rating Agencies, the Issuer and the Indenture Trustee maymay enter and, and when directed by Issuer Order willOrder, amend will enter into one or more amendments to this Indenture (which will conform to the TIA as in force at the date of the execution of the amendments to this Indenture) for the following purposes: (i) to correct or expand the description of property subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the Issuer, and the assumption by the successor of the obligations of the Issuer in this Indenture and in the Notes; (iii) to add to the obligations covenants of the Issuer, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer in this Indenture; (iv) to transfer, assign, mortgage or pledge property to or with the Indenture Trustee; (v) to clarify an ambiguity, correct an error or correct or supplement a any term in this Indenture inconsistent with another term in this Indenture or to add terms provisions which are not inconsistent with the other terms provisions of this Indenture if so long as the action does not have a material adverse effect on the interests of the Noteholders; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; or (vii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture other another terms required by the TIA. Each amendment entered into will be in form reasonably satisfactory to the Indenture Trustee. The Indenture Trustee is authorized to execute the amendment and any other agreements required by the amendment.

Appears in 1 contract

Samples: Indenture (Ford Credit Auto Receivables Two LLC)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. [In addition, the Administrator may amend this Indenture for the purpose of making Benchmark Replacement Conforming Changes, without the consent of Noteholders, any party to this Indenture or any other Person.]

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

General Amendments. Without the consent of the Noteholders but after notifying the Rating Agencies, the Issuer The Trust and the Indenture Trustee may, and the Indenture Trustee, when directed by Issuer Trust Order will, amend this Indenture, without the consent of any Noteholders, for any of the following purposes: (i) to correct or expand the description of any property at any time subject to the Lien of this Indenture, or better to assure, convey and confirm to the Indenture Trustee a Lien on any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; (ii) to evidence the succession of any other Person to the IssuerTrust, and the assumption by the successor of the obligations of the Issuer Trust in this Indenture and in the Notes; (iii) to add to the obligations covenants of the IssuerTrust, for the benefit of the Noteholders, or to surrender a right or power given to the Issuer Trust in this Indenture; (iv) to convey, transfer, assign, mortgage or pledge property to or with the Indenture TrusteeTrustee for the benefit of the Noteholders; (v) to clarify an cure any ambiguity, to correct an error or to correct or supplement a term in any provision of this Indenture inconsistent with another term in this Indenture that may be defective or to add terms which are not inconsistent with the other terms of this Indenture if the action does not have a material adverse effect on the interests of the NoteholdersIndenture; (vi) to evidence the acceptance of the appointment under this Indenture of a successor trustee and to add to or change this Indenture as necessary for to facilitate the administration of the trusts under this Indenture by more than one trustee; (vii) to correct any manifest error in the terms of this Indenture as compared to the terms expressly set forth in the Prospectus; or (viiviii) to modify, eliminate or add to the terms of this Indenture to effect the qualification of this Indenture under the TIA and to add to this Indenture any other terms required by the TIA. In addition, this Indenture may be amended by the Administrator, without the consent of any Noteholders, any party to this Indenture or any other Person and without satisfying any other provisions of this Indenture related to amendments hereto or in any other Transaction Document or Series 2022-5 Series Related Document solely in connection with any SOFR Adjustment Conforming Changes or, following the determination of a Benchmark Replacement, any Benchmark Replacement Conforming Changes to be made by the Administrator; provided, that the Administrator has delivered notice of such amendment to the Rating Agencies on or prior to the date such supplement is executed; provided, further, that any such SOFR Adjustment Conforming Changes or any such Benchmark Replacement Conforming Changes shall not affect the Owner Trustee’s, the Master Collateral Agent’s, the Indenture Trustee’s or the Note Paying Agent’s rights, powers, duties, obligations, liabilities, indemnities or immunities without the consent of the applicable party. For the avoidance of doubt, any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes in any amendment to this Indenture may be retroactive (including retroactive to the Benchmark Replacement Date) and this Indenture may be amended more than once in connection with any SOFR Adjustment Conforming Changes or any Benchmark Replacement Conforming Changes.

Appears in 1 contract

Samples: Indenture (Verizon Master Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!