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

Prior Notice to Holders 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 in writing of the proposed action and no Certificateholder shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative direction:

Appears in 28 contracts

Samples: Trust Agreement (Exeter Automobile Receivables Trust 2023-4), Trust Agreement (Exeter Automobile Receivables Trust 2023-4), Trust Agreement (Exeter Automobile Receivables Trust 2023-3)

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Prior Notice to Holders 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 in writing of the proposed action and no Certificateholder the Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or provided alternative direction:

Appears in 14 contracts

Samples: And (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc)

Prior Notice to Holders 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 in writing of the proposed action and no Certificateholder Certificateholders holding, in the aggregate, greater than 50% of the Percentage Interests (a “Certificate Majority”) shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or provided alternative direction:

Appears in 11 contracts

Samples: Trust Agreement (Household Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust 2005-3), Trust Agreement (HSBC Automotive Trust 2005-2)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the (a) The Owner Trustee shall not take action any of the actions set forth below unless at least 30 days before the taking of such action, (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 no Certificateholder shall (ii) the Majority Certificateholders have notified approved such action in writing, which approval has been received by the Owner Trustee in writing prior to by the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative directionbeen given:

Appears in 8 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the (a) The Owner Trustee shall not take action any of the actions set forth below unless at least 30 days before the taking of such action, (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 no Certificateholder shall have notified (ii) the Board of Trustees has approved such action in writing, which approval has been received by the Owner Trustee in writing prior to by the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative directionbeen given:

Appears in 6 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

Prior Notice to Holders 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 in writing of the proposed action and no Certificateholder Certificateholders holding, in the aggregate, greater than 50% of the Percentage Interests (a "Certificate Majority") shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or provided alternative direction:

Appears in 6 contracts

Samples: Trust Agreement (Household Automotive Trust Iv Series 2000-1), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Automotive Trust Vi Series 2000 3)

Prior Notice to Holders with Respect to Certain Matters. (a) 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 Insurer in writing of the proposed action and no Certificateholder the Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or provided alternative direction:

Appears in 6 contracts

Samples: Trust Agreement (Ml Asset Backed Corp), Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Securitized Asset Backed Receivables LLC)

Prior Notice to Holders 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 Insurer in writing of the proposed action and no Certificateholder (i) the Insurer shall have consented in writing thereto 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 Certificateholder has Certificateholders have withheld consent or or, with the written consent of the Insurer, provided alternative direction:

Appears in 5 contracts

Samples: Trust Agreement (Advanta Mortgage Conduit Services Inc), Trust Agreement (Advanta Mortgage Conduit Services Inc), Trust Agreement (Advanta Revolving Home Equity Loan Trust 1999-A)

Prior Notice to Holders 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 Residual Certificateholders and the Insurer in writing of the proposed action and no Certificateholder the Residual Certificateholders and the Insurer shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Residual Certificateholders or the Insurer have withheld consent or provided alternative direction:

Appears in 3 contracts

Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless (i) at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders Holders in writing of the proposed action and no Certificateholder (ii) the Holders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Holders have withheld consent or provided alternative direction:

Appears in 3 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action any of the actions set forth below unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders Certificateholder(s) in writing of the proposed action and no Certificateholder the Certificateholder(s) shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative directionCertificateholder(s) have consented thereto:

Appears in 2 contracts

Samples: Trust Agreement (Paragon Auto Receivables Corp), Trust Agreement (Paragon Auto Receivables Corp)

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Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless unless, at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders Holders in writing of the proposed action and no Certificateholder the Holders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has the Holders withheld consent or shall not have provided alternative direction:

Appears in 2 contracts

Samples: Trust Agreement (Synchrony Financial), Trust Agreement (GE Capital Credit Card Master Note Trust)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless unless, at least 30 thirty (30) days before the taking of such action, the Owner Trustee shall have notified the Certificateholders Holders in writing of the proposed action and no Certificateholder the Holders shall not have notified the Owner Trustee in writing prior to the 30th thirtieth (30th) day after such notice is given that such Certificateholder has the Holders withheld consent or shall not have provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Synchrony Card Issuance Trust)

Prior Notice to Holders 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 in writing of the proposed action and no Certificateholder shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative direction:and

Appears in 1 contract

Samples: Trust Agreement (Advanta Conduit Receivables Inc)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 10 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and no Certificateholder the Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th 10th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (National Financial Auto Funding Trust)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action action, and the Certificateholders shall not direct the Owner Trustee to take any action, unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and no Certificateholder the Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Certificateholders have withheld consent or the Certificateholders have provided alternative direction:

Appears in 1 contract

Samples: Deposit Trust Agreement (Fund America Investors Corp Ii)

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action any of the actions set forth below unless at least 30 thirty (30) days before the taking of such action, the Owner Trustee shall have notified the Certificateholders Certificateholder(s) and the Insurer in writing of the proposed action and no Certificateholder the Instructing Party (pursuant to Section 4.5, if applicable) shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has withheld consent or provided alternative directionCertificateholder(s) have consented thereto:

Appears in 1 contract

Samples: Trust Agreement (Triad Financial Corp)

Prior Notice to Holders with Respect to Certain Matters. With Subject to the provisions and limitations of SECTION 4.04, 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 in writing of the proposed action and no Certificateholder the Holders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholder has Holders have withheld consent or provided alternative direction:

Appears in 1 contract

Samples: Trust Agreement (Dealer Auto Receivables Corp)

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