Common use of Maintenance Provider Default; Termination of Maintenance Provider Clause in Contracts

Maintenance Provider Default; Termination of Maintenance Provider. (a) Upon the occurrence of any Maintenance Provider Default under the Administration Agreement, in addition to the requirements set forth in Section 6.01(b) of the Basic Administration Agreement, the Administrative Agent shall provide to the Indenture Trustee, the Owner Trustee, and any holders of Rated Securities, prompt notice of such failure or delay by the Maintenance Provider, together with a description of the Maintenance Provider's efforts to so perform its obligations. (b) In addition to the provisions of Section 6.01(c) of the Basic Administration Agreement, if a Maintenance Provider Default shall have occurred and be continuing with respect to a 1999-A SUBI, the Trustee on behalf of the Trust shall, at the direction of the Required Related Holders, by notice given to the Administrative Agent, each Rating Agency, the Related Beneficiary and the holders of the Rated Securities, terminate the rights and obligations of the Maintenance Provider under this Administration Supplement in accordance with such Section. In the event the Maintenance Provider is removed as maintenance provider with respect to servicing the 1999-A SUBI Assets, subject to the consent of the Trustee, the Required Related Holders shall appoint a successor maintenance provider. The successor Maintenance Provider shall accept its appointment by a written assumption in a form acceptable to the Trustee. Such successor Maintenance Provider shall be approved by the Trustee, such approval not to be unreasonably withheld. With respect to any Maintenance Provider Default related to the 1999-A SUBI Assets, the Trustee, acting on the direction of the Required Related Holders may waive any default of the Maintenance Provider. For purposes of this Section, so long as the Lien of the Indenture is in place, the Required Related Holders shall be deemed to be the Indenture Trustee (as Registered Pledgee of the 1999-A SUBI Certificates) acting at the direction of the Required Percentage of the Senior Noteholders and thereafter, the Owner Trustee, acting at the direction of the Required Percentage of the Trust Certificateholders until the Aggregate Certificate Balance has been reduced to zero.

Maintenance Provider Default; Termination of Maintenance Provider. (a) Upon the occurrence of any Maintenance Provider Default under the Administration Agreement, in addition to the requirements set forth in Section 6.01(b) of the Basic Administration Agreement, the Administrative Agent shall provide to the Indenture Trustee, the Owner Trustee, Trustee and any holders of Rated Securities, prompt notice of such failure or delay by the Maintenance Provider, together with a description of the Maintenance Provider's efforts to so perform its obligations. (b) In addition to the provisions of Section 6.01(c) of the Basic Administration Agreement, if a Maintenance Provider Default shall have occurred and be continuing with respect to a 19992001-A SUBI, the Trustee on behalf of the Trust shall, at the direction of the Required Related Holders, by notice given to the Administrative Agent, each Rating Agency, Agency and the Related Beneficiary and the holders of the Rated SecuritiesBeneficiary, terminate the rights and obligations of the Maintenance Provider under this Administration Supplement in accordance with such Section. In the event the Maintenance Provider is removed as maintenance provider with respect to servicing the 19992001-A SUBI Assets, subject to the consent of the Trustee, the Required Related Holders shall appoint a successor maintenance providerMaintenance Provider. The successor Maintenance Provider shall accept its appointment by a written assumption in a form acceptable to the Trustee. Such successor Maintenance Provider shall be approved by the Trustee, such approval not to be unreasonably withheld. With respect to any Maintenance Provider Default related to the 19992001-A SUBI Assets, the Trustee, acting on at the direction of the Required Related Holders Holders, may waive any default of the Maintenance Provider. For purposes of this Section, so long as the Lien of the Indenture is in place, the Required Related Holders shall be deemed to be the Indenture Trustee (as Registered Pledgee of the 19992001-A SUBI Certificates) acting at the direction of the Required Percentage of the Senior Noteholders and thereafter, the Owner Trustee, acting at the direction of the Required Percentage of the Trust Certificateholders until the Aggregate Certificate Balance has been reduced to zero.. ARTICLE THIRTEEN

Maintenance Provider Default; Termination of Maintenance Provider. (a) Upon the occurrence of any Maintenance Provider Default under the Administration Agreement, in addition to the requirements set forth in Section 6.01(b) of the Basic Administration Agreement, the Administrative Agent shall provide to the Indenture Trustee, the Owner Trustee, Trustee and any holders of Rated Securities, prompt notice of such failure or delay by the Maintenance Provider, together with a description of the Maintenance Provider's ’s efforts to so perform its obligations. (b) In addition to the provisions of Section 6.01(c) of the Basic Administration Agreement, if a Maintenance Provider Default shall have occurred and be continuing with respect to a 1999the [___]-A [_] SUBI, the Trustee on behalf of the Trust shall, at the direction of the Required Related Holdersholder of the [___]-[_] SUBI Certificate, by notice given to the Administrative Agent, each Rating Agency, Agency and the Related Beneficiary and the holders of the Rated SecuritiesBeneficiary, terminate the rights and obligations of the Maintenance Provider under this Administration Supplement in accordance with such Section. In the event the Maintenance Provider is removed as maintenance provider with respect to servicing the 1999[___]-A [_] SUBI Assets, subject to the consent of the Trustee, the Required Related Holders holder of the [___]-[_] SUBI Certificate shall appoint a successor maintenance providerMaintenance Provider. The successor Maintenance Provider shall accept its appointment by a written assumption in a form acceptable to the Trustee. Such successor Maintenance Provider shall be approved by the Trustee, such approval not to be unreasonably withheld. With respect to any Maintenance Provider Default related to the 1999[___]-A [_] SUBI Assets, the Trustee, acting on at the direction of the Required Related Holders holder of the [___]-[_] SUBI Certificate, may waive any default of the Maintenance Provider. For purposes of this Section, so long as the Lien of the Indenture is in place, the Required Related Holders holder of the [___]-[_] SUBI Certificate shall be deemed to be the Indenture Trustee (as Registered Pledgee of the 1999[___]-A [_] SUBI CertificatesCertificate) acting at the direction of the Required Percentage of the Senior Noteholders and thereafter, the Owner Trustee, acting at the direction of the Required Percentage of the Trust Certificateholders until the Aggregate Certificate Balance has been reduced to zeroCertificateholders.