Common use of No Changes in Collateral Custodian Fee Clause in Contracts

No Changes in Collateral Custodian Fee. The parties hereto will not make any changes to the Collateral Custodian Fee without the prior written approval of (A) the Indenture Trustee (acting at the direction of the Requisite Noteholders) or (B) if the Notes (other than the Class XS Notes) are no longer outstanding, the Issuing Entity (acting at the direction of the Majority Certificateholders).

Appears in 25 contracts

Samples: Collateral Custodian Agreement (Carvana Auto Receivables Trust 2022-P3), Collateral Custodian Agreement (Carvana Auto Receivables Trust 2022-P3), Collateral Custodian Agreement (Carvana Auto Receivables Trust 2024-P2)

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No Changes in Collateral Custodian Fee. The parties hereto will not make any changes to the Collateral Custodian Fee without the prior written approval of (A) the Indenture Trustee (acting at the direction of the Requisite Noteholders) or (B) if the P&I Notes (other than the Class XS Notes) are no longer outstanding, the Issuing Entity (acting at the direction of the Majority Certificateholders).

Appears in 1 contract

Samples: Collateral Custodian Agreement (Carvana Auto Receivables Trust 2024-P4)

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No Changes in Collateral Custodian Fee. The parties hereto will not make any changes to the Collateral Custodian Fee without the prior written approval of (A) the Indenture Trustee (acting at the direction of the Requisite Noteholders) or (B) if the Notes [(other than the Class XS Notes) )] are no longer outstanding, the Issuing Entity (acting at the direction of the Majority Certificateholders).

Appears in 1 contract

Samples: Collateral Custodian Agreement (Carvana Receivables Depositor LLC)

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