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

Prior Notice to Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders and the Security Insurer in writing of the proposed action and neither the Certificateholders (in accordance with Section 4.5) nor (so long as an Insurer Default shall not have occurred) the Security Insurer shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that it has withheld consent or provided alternative direction (provided that no consent or direction of the Certificateholders pursuant to this Section 4.1 shall be effective without the consent of the Security Insurer so long as an Insurer Default shall not have occurred and be continuing):

Prior Notice to Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders and the Security Insurer in writing of the proposed action and neither the Certificateholders (in accordance with Section 4.5) nor (so long as an Insurer Default shall not have occurred) the Security Insurer shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that it has withheld consent or provided alternative direction (provided that no consent or direction of the Certificateholders pursuant to this Section 4.1 shall be effective without the consent of the Security Insurer so long as an Insurer Default shall not have occurred and be continuingInsurer):

Prior Notice to Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders and Certificateholders, the Security Insurer and the Holder of the Voting Interest in writing of the proposed action and neither the Certificateholders (in accordance with Section 4.5) Holder of the Voting Interest nor (so long as an Insurer Default shall not have occurred) the Security Insurer shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that it has withheld consent or provided alternative direction (provided that no consent or direction of the Certificateholders Holder of the Voting Interest pursuant to this Section 4.1 shall be effective without the consent of the Security Insurer so long as an Insurer Default shall not have occurred and be continuingInsurer):

Prior Notice to Certificateholders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders and the Security Insurer in writing of the proposed action and neither the Certificateholders (in accordance with Section 4.5) nor (so long as an Insurer Default shall not have occurred) the Security Insurer shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that it has withheld consent or provided alternative direction (provided that no consent or direction of the Certificateholders pursuant to this Section 4.1 shall be effective without the consent of the Security Insurer so long as an Insurer Default shall not have occurred and be continuing):Insurer.