Common use of Notice of Administrator Default or Amortization Event or Potential Amortization Event Clause in Contracts

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentABRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its CP Conduit Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its CP Conduit Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its CP Conduit Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentABRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchasers and APA Banks in its CP Conduit Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchasers and APA Banks in its CP Conduit Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its CP Conduit Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event, any Event of Default or Default, any Termination Event or any Administrator Servicer Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agentthe Issuer, ABRCF the Administrator, the Servicer, SPV, Holdings, or the Administrator Origination Trust referring to the Indenture or this Indenture Supplement, describing such Amortization Event or Potential Amortization Event, Event of Default or Administrator Default, Termination Event or Servicer Default or and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event,” “notice of an Event of Default or Default,” “notice of a Termination Event” or “notice of an Administrator a Servicer Default,” ”, as the case may bemay. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its CP Conduit Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its CP Conduit Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its CP Conduit Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF AFC-II or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “"notice of an Amortization Event or Potential Amortization Event” " or “"notice of an Administrator Default,” " as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF AFC-II and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided PROVIDED that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event, any Event of Default or Default, any Termination Event or any Administrator Servicer Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF the Issuer, the Administrator, SPV, Holdings, the Origination Trust or the Administrator Servicer referring to the Indenture Agreement or this Indenture Supplement, describing such Amortization Event or Potential Amortization Event, Event of Default or Administrator Default, Termination Event or Servicer Default or and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event,” “notice of an Event of Default or Default,” “notice of a Termination Event” or “notice of an Administrator a Servicer Default,” ”, as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Indenture Trustee, ABRCF the Issuer and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Series 2010-1 Required Investor Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser GroupsPurchasers.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF CRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF CRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentCRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentAFC-II, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “"notice of an Amortization Event or Potential Amortization Event” " or “"notice of an Administrator Default,” " as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided PROVIDED that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event, any Administrator Default, any Early Controlled Amortization Event or any Administrator Surety Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentCRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, Administrator Default, Early Controlled Amortization Event or Administrator Surety Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event,” “notice of an Administrator Default,” “notice of an Early Controlled Amortization Event” or “notice of an Administrator a Surety Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentCPF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Series Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-Conduit PurchasersPurchaser, the CP Conduit Purchaser and APA Banks in its CP Conduit Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its CP Conduit Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its CP Conduit Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentABRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF CPF or the Administrator referring to the Indenture or this Series Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF CPF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Series 2012-1 Required Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF CRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF CRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser GroupsPurchasers.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Adminis­tra­tor Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Adminis­trative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentABRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Adminis­tra­tor Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentABRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its CP Conduit Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its CP Conduit Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groups.and APA Banks in its CP Conduit Purchaser Group. Americas 90884077 (2K) 99

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Funding Agent has received written notice from a Non-Conduit Purchaser, a the CP Conduit Purchaser, an the APA Bank, a Funding Agent, ABRCF AFC-II or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “"notice of an Amortization Event or Potential Amortization Event” " or “"notice of an Administrator Default,” " as the case may be. In the event that the Administrative Funding Agent receives such a notice, the Administrative Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Funding Agents, the Trustee, ABRCF Purchaser and the AdministratorAPA Bank. The Administrative Funding Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and the APA Bank, provided PROVIDED that unless and until the Administrative Funding Agent shall have received such directions, the Administrative Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand the APA Bank.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF CRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Adminis-tra-tor Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF CRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Adminis-trative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser GroupsPurchasers.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Each Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative such Funding Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding AgentCRCF, ABRCF the Administrative Agent or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Adminis-tra-tor Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative any Funding Agent receives such a notice, the Administrative such Funding Agent shall give notice thereof to the Non-CP Conduit Purchasers, the Purchaser and APA Banks in its Purchaser Group. Such Funding Agents, the Trustee, ABRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite NoteholdersCP Conduit Purchaser and APA Banks in its Purchaser Group, provided that unless and until the Administrative such Funding Agent shall have received such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the CP Conduit Purchaser Groupsand APA Banks in its Purchaser Group.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event or any Administrator Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF CRCF or the Administrator referring to the Indenture or this Supplement, describing such Amortization Event or Potential Amortization Event, or Administrator Default and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event” or “notice of an Administrator Default,” as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Trustee, ABRCF CRCF and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Adminis-trative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

Notice of Administrator Default or Amortization Event or Potential Amortization Event. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event, any Event of Default or Default, any Termination Event or any Administrator Servicer Default unless the Administrative Agent has received written notice from a Non-Conduit Purchaser, a CP Conduit Purchaser, an APA Bank, a Funding Agent, ABRCF the Issuer, the Administrator, SPV, Holdings, the Origination Trust or the Administrator Servicer referring to the Indenture Agreement or this Indenture Supplement, describing such Amortization Event or Potential Amortization Event, Event of Default or Administrator Default, Termination Event or Servicer Default or and stating that such notice is a “notice of an Amortization Event or Potential Amortization Event,” “notice of an Event of Default or Default,” “notice of a Termination Event” or “notice of an Administrator a Servicer Default,” ”, as the case may be. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Non-Conduit Purchasers, the Funding Agents, the Indenture Trustee, ABRCF the Issuer and the Administrator. The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Series 2011-1 Required Investor Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser GroupsPurchasers.