Common use of Prior Notice to Certificateholders Clause in Contracts

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 30 days before the taking of such action, and (ii) the 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 provided alternative direction:

Appears in 4 contracts

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)

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Prior Notice to Certificateholders. with With Respect to -------------------------------------------------- Certain ---------------------------------- ----------------------- Matters. The Owner With respect to the following matters, the Eligible Lender 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 30 days before the taking of such action, the Eligible Lender Trustee shall have notified the Certificateholders and (ii) each of the Rating Agencies in writing of the proposed action and the Certificateholders shall not have notified the Owner Eligible Lender Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Appears in 3 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Prior Notice to Certificateholders. with Respect to -------------------------------------------------- Certain Matters---------------------------------------------------------- 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 30 days before the taking of such action, and (ii) the 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 provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Navistar Financial Retail Receivables Corporation)

Prior Notice to Certificateholders. and the Enhancer with -------------------------------------------------------- Respect to -------------------------------------------------- Certain Matters. The With respect to the following matters, the Owner --------------------------- Trustee shall not take action with respect to the --------------- following mattersunless, unless (i) the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before the taking of such action, and (ii) the Owner Trustee shall have notified the Certificateholders and the Enhancer in writing of the proposed action and the Enhancer and the Certificateholders of Certificates representing a majority of the aggregate Certificate Percentage Interest of the Certificates 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 provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Wachovia Asset Securitization Inc)

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 30 days before the taking of such action, and (ii) the 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 provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Cit Rv Trust 1997 A)

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Prior Notice to Certificateholders. with Respect to -------------------------------------------------- ------------------------------------------------------ Certain Matters. The With respect to the following matters, the Owner Trustee shall --------------- not take action with respect to unless at least 30 days before the --------------- following matterstaking of such action, unless (i) the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before the taking of such action, and (ii) the 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 provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

Prior Notice to Certificateholders. with Respect to -------------------------------------------------- Certain ---------------------------------------------------------- Matters. ------- The Owner Trustee shall not take action with respect to any of the --------------- following mattersactions, unless at least 30 days (ior such shorter period as shall be required under the circumstances) before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action at least 30 days before the taking of such action, and (ii) the 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 provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Conseco Finance Corp)

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