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

Prior Notice with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.05, the Owner Trustee shall not take action with respect to the following matters unless at least 30 days before the taking of any such action the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the Percentage Interests 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:

Prior Notice with Respect to Certain Matters. Subject With respect to the provisions and limitations of Section 4.05following matters, the Owner Trustee shall not take action with respect to the following matters unless at least 30 thirty (30) days before the taking of any such action action, the Owner Trustee shall have notified the Certificateholders of record as of the preceding Record Date in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the Percentage Interests such Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th thirtieth (30th) day after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Prior Notice with Respect to Certain Matters. Subject With respect to the provisions and limitations of Section 4.05following matters, the Owner Trustee shall not take action with respect to the following matters unless at least 30 thirty (30) days before the taking of any such action action, the Owner Trustee shall have notified the Certificateholders of record as of the preceding Record Date in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the Percentage Interests such Certificateholders specified in Section 4.04 hereof shall not have notified the Owner Trustee in writing prior to the 30th thirtieth (30th) day after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

Prior Notice with Respect to Certain Matters. Subject With respect to the provisions and limitations of Section 4.05following matters, the Owner Trustee shall not take action with respect to the following matters unless at least 30 days before the taking of any such action action, the Owner Trustee shall have notified the Certificateholders of record as of the preceding Record Date in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the Percentage Interests such Certificateholders specified in Section 4.04 hereof 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:

Prior Notice with Respect to Certain Matters. Subject With respect to the provisions and limitations of Section 4.05following matters, the Owner Trustee shall not take action with respect to the following matters unless at least 30 days before the taking of any such action action, the Owner Trustee shall have notified the Certificateholders of record as of the preceding Record Date in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the Percentage Interests such Certificateholders specified in Section 4.04 hereof shall not have notified the Owner Trustee in writing prior to the thirtieth 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction: