Common use of Payment Instructions and Monthly Noteholders' Report Clause in Contracts

Payment Instructions and Monthly Noteholders' Report. Notwithstanding anything in the Indenture or herein to the contrary, the Issuer may amend the form of Payment Instruction for the Series 2005-A Notes and the Series 2005-A Schedule to Monthly Noteholders' Statement from time to time without the consent of the Indenture Trustee or any Noteholder if it receives written confirmation from each Note Rating Agency that such amendment will not cause a Ratings Effect.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Wholesale Receivables LLC)

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Payment Instructions and Monthly Noteholders' Report. Notwithstanding anything in the Indenture or herein to the contrary, the Issuer may amend the form of Payment Instruction for the Series 2005-A 1 Notes and the Series 2005-A 1 Schedule to Monthly Noteholders' Statement from time to time without the consent of the Indenture Trustee or any Noteholder if it receives written confirmation from each Note with evidence that the Rating Agency that such amendment will not cause a Ratings EffectCondition has been satisfied with respect thereto.

Appears in 1 contract

Samples: CNH Wholesale Master Note Trust (CNH Wholesale Receivables LLC)

Payment Instructions and Monthly Noteholders' Report. Notwithstanding anything in the Indenture or herein to the contrary, the Issuer may amend the form of Payment Instruction for the Series 2005-A C Notes and the Series 2005-A C Schedule to Monthly Noteholders' Statement from time to time without the consent of the Indenture Trustee or any Noteholder if it receives written confirmation from each Note Rating Agency that such amendment will not cause a Ratings Effect.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Master Owner Trust)

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Payment Instructions and Monthly Noteholders' Report. Notwithstanding anything in the Indenture indenture or herein to the contrary, the Issuer may amend the form of Payment Instruction for the Series 2005-A B Notes and the Series 2005-A B Schedule to Monthly Noteholders' Statement from time to time without the consent of the Indenture Trustee indenture trustee or any Noteholder if it receives written confirmation from each Note note Rating Agency that such amendment will not cause a Ratings Effect.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Master Owner Trust)

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