Common use of Prior Notice to Certificateholders with Respect to Certain Matters Clause in Contracts

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with respect to the following matters, unless (a) the Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before the taking of such action, (b) no Certificateholders shall have notified the Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and (c) the Rating Agency Condition is satisfied:

Appears in 6 contracts

Samples: Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)

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Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, the Owner Trustee shall not take action on behalf of the Issuer or the Certificateholders unless at least 10 days before the taking of such action (a) or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before and none of the taking of such action, (b) no Certificateholders shall have notified the Owner Trustee in writing prior to the 30th 10th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and : 13 (c) the Rating Agency Condition is satisfied:NAROT 2020-B Amended & Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii), Trust Agreement (Nissan Auto Receivables Corp Ii)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, the Owner Trustee shall not take action on behalf of the Issuer or the Certificateholders unless at least 10 days before the taking of such action (a) or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before and none of the taking of such action, (b) no Certificateholders shall have notified the Owner Trustee in writing prior to the 30th 10th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and : 11 (c) the Rating Agency Condition is satisfied:Nissan 2013-B Amended & Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2013-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2013-B Owner Trust)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, the Owner Trustee shall not take action on behalf of the Issuer or the Certificateholders unless at least 10 days before the taking of such action (a) or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before and none of the taking of such action, (b) no Certificateholders shall have notified the Owner Trustee in writing prior to the 30th 10th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and : 11 (c) the Rating Agency Condition is satisfied:Nissan 2014-A Amended & Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2014-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2014-a Owner Trust)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, the Owner Trustee shall not take action on behalf of the Issuer or the Certificateholders unless at least 10 days before the taking of such action (a) or such shorter period as shall be agreed to in writing by all Certificateholders), the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before and none of the taking of such action, (b) no Certificateholders shall have notified the Owner Trustee in writing prior to the 30th 10th day (or such agreed upon shorter period) after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and : 13 (c) the Rating Agency Condition is satisfied:NAROT 2022-B Amended & Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2022-B Owner Trust), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with respect to the following matters, unless (a) the Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before the taking of such action, (b) no Certificateholders shall have notified the Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and (c) the Rating Agency Condition is satisfied:: EXHIBIT 4.4

Appears in 1 contract

Samples: Series Trust Agreement (Corporate Asset Backed Corp)

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Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with (a) With respect to the following matters, unless (a) the Owner Trustee shall have notified not take action, and the Certificateholders in writing of shall not direct the proposed action Owner Trustee to take any action, unless at least 30 days before the taking of such action, (b) no Certificateholders the Owner Trustee shall have notified the Certificateholders and the Initial Class A Certificateholder in writing of the proposed action and the Majority Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or the Certificateholders have provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and (c) the Rating Agency Condition is satisfied:

Appears in 1 contract

Samples: Trust and Servicing Agreement (Finova Group Inc)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, unless (ai) the Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 thirty (30) days before the taking of such action, the Owner Trustee shall notify the Certificateholders and the Rating Agencies in writing of the proposed action and (bii) no in the case of items (e), (f) and (g) below, the Owner Trustee shall not take such action unless Certificateholders holding not less than a majority of the aggregate Certificate Balance shall not have notified the Owner Trustee in writing prior to the 30th thirtieth (30th) day after such notice is given that such Certificateholders have withheld consent consented to such action or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and (c) the Rating Agency Condition is satisfied:

Appears in 1 contract

Samples: Trust Agreement (Daimler Benz Vehicle Receivables Corp)

Prior Notice to Certificateholders with Respect to Certain Matters. The Trustee shall not take action with With respect to the following matters, unless (a) the Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 ten (10) days before the taking of such action, the Owner Trustee shall notify the Certificateholders and the Rating Agencies in writing of the proposed action (provided that any failure to give such notice shall not impair or affect the effectiveness or validity of any such action) and (b) no in the case of items (v), (vi) and (vii) below, the Owner Trustee shall not take such action if Certificateholders holding not less than a majority of the aggregate Certificate Balance shall have notified the Owner Trustee in writing prior to the 30th tenth (10th) day after such notice is given that such Certificateholders have withheld consent not consented to such action or provided alternative direction, or, if any such Certificateholders have so withheld consent or provided alternative direction, a majority, as specified in Section 5.3 hereof, shall have notified the Trustee in writing prior to such 30th day that they have consented to such action, and (c) the Rating Agency Condition is satisfied:

Appears in 1 contract

Samples: Trust Agreement (Daimler Benz Vehicle Receivables Corp)

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