Prior Notice to Certificateholders with Respect to Certain Matters. The Owner Trustee shall not take action with respect to the following matters, unless (i) the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least thirty
Appears in 4 contracts
Samples: Trust Agreement (Ally Auto Receivables Trust 2011-4), Trust Agreement (Ally Auto Receivables Trust 2011-4), Trust Agreement (Ally Auto Receivables Trust 2010-1)
Prior Notice to Certificateholders with Respect to Certain Matters. The Owner Trustee shall not take action with respect to the following matters, unless (i) the Owner Trustee shall have notified the Certificateholders and the Credit Enhancer in writing of the proposed action at least thirty30 days before the taking of such action, and (ii) the Majority in Voting Interest of Class [__] Certificateholders or the Credit Enhancer shall not have notified the
Appears in 1 contract
Samples: Trust Agreement (Banc One Abs Corp)
