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 Trustee shall not take action unless, at least 30 days before the taking of such action, the Trustee shall have notified the Holders in writing of the proposed action and the Holders shall not have notified the Trustee in writing prior to the 30th day after such notice is given that the Holders withheld consent or shall not have provided alternative direction: (a) the initiation of any claim or lawsuit by the Trust (except claims or lawsuits brought in connection with the collection of the Trust Estate) and the compromise of any action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of Trust Estate); (b) the election by the Trust to file an amendment to the Certificate of Trust; (c) the amendment of the Indenture; (d) the amendment, change or modification of the Administration Agreement, except to cure any ambiguity or to amend or supplement any provision in a manner, or add any provision, that would not materially adversely affect the interests of the Holders; or (e) the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture Trustee, or the consent to the assignment by the Note Registrar, Paying Agent or Indenture Trustee of its obligations under the Indenture or this Agreement, as applicable.

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 Holders Certificateholders and the Insurer in writing of the proposed action and (i) the Holders 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 the Holders such Certificateholders have withheld consent or shall not have or, with the written consent of the Insurer, provided alternative direction: (a) the initiation of any claim or lawsuit by the Trust (except claims or lawsuits brought in connection with the collection of the Trust Estate) and the compromise of any action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of Trust Estate); (b) the election by the Trust to file an amendment to the Certificate of Trust; Trust (c) unless such amendment is required to be filed under the Business Trust Statute or unless such amendment of the Indenture; (d) the amendment, change or modification of the Administration Agreement, except to cure any ambiguity or to amend or supplement any provision in a manner, or add any provision, that would not materially and adversely affect the interests of the Holders; or); (eb) the amendment of any Operative Document; (c) the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture TrusteeTrustee or, or the consent pursuant to the assignment by the Note Registrar, Paying Agent or Indenture Trustee of its obligations under the Indenture or this Trust Agreement, as applicable.of a successor Certificate

Prior Notice to Holders with Respect to Certain Matters. With respect to the following matters, the Trustee shall not take action unless, at least 30 days before the taking of such action, the Trustee shall have notified the Holders in writing of the proposed action and the Holders shall not have notified the Trustee in writing prior to the 30th day after such notice is given that the Holders withheld consent or shall not have provided alternative direction: (a) the initiation of any claim or lawsuit by the Trust (except claims or lawsuits brought in connection with the collection of the Trust Estate) and the compromise of any action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of Trust Estate); (b) the election by the Trust to file an amendment to the Certificate of TrustTrust unless such amendment is required by the Trust Statute; (c) the amendment of the Indenture; (d) the amendment, change or modification of the Administration Agreement, except to cure any ambiguity or to amend or supplement any provision in a manner, or add any provision, that would not materially and adversely affect the interests of the Holders; or (e) the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture Trustee, or the consent to the assignment by the Note Registrar, Paying Agent or Indenture Trustee of its obligations under the Indenture or this Agreement, as applicable.

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 Holders Certificateholders and the Insurer in writing of the proposed action and (i) the Holders 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 the Holders such Certificateholders have withheld consent or shall not have or, with the written consent of the Insurer, provided alternative direction: (a) the initiation of any claim or lawsuit by the Trust (except claims or lawsuits brought in connection with the collection of the Trust Estate) and the compromise of any action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of Trust Estate); (b) the election by the Trust to file an amendment to the Certificate of Trust; Trust (c) unless such amendment is required to be filed under the Business Trust Statute or unless such amendment of the Indenture; (d) the amendment, change or modification of the Administration Agreement, except to cure any ambiguity or to amend or supplement any provision in a manner, or add any provision, that would not materially and adversely affect the interests of the Holders; or); (eb) the amendment of any Operative Document; (c) the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture TrusteeTrustee or, pursuant to this Trust Agreement, of a successor Certificate Registrar or the consent to the assignment by of the Note Registrar, Paying Agent or Agent, Indenture Trustee of its obligations under the Indenture or this Agreement, as applicable.Certificate