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Common use of Other Action Clause in Contracts

Other Action. The Indenture Trustee may take other action considered advisable by the Indenture Trustee that is not inconsistent with the direction from the Noteholders of a majority of the Note Balance of the Controlling Class.

Appears in 191 contracts

Sources: Indenture (Verizon Master Trust), Indenture (Ford Credit Auto Owner Trust 2025-C), Indenture (Verizon Master Trust)

Related Clauses

  • Other Actions
  • Further Action
  • Further Actions
  • Filings; Other Action
  • No Other Litigation

Parent Clauses

  • Control by Noteholders
  • Events of Default Remedies
  • Securities Restrictions
  • Adjustment of Number of Common Shares and Exercise Price
  • Cancellation of Surrendered Warrants

Sub-Clauses

  • Compliance with Obligations under ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act
  • Annual Statement as to Compliance
  • Monthly Investor Report
  • Report on Assessment of Compliance with Servicing Criteria and Attestation
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