Proceeding. In any proceeding brought by the Indenture Trustee (and any proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured Parties, and it will not be necessary to make any Secured Party, including a Noteholder, a party to the proceeding.
Appears in 86 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2025-A), Indenture (Ford Credit Auto Lease Trust 2025-A), Indenture (Ford Credit Auto Lease Trust 2025-A)
Proceeding. In any proceeding Proceeding brought by the Indenture Trustee (and any proceeding Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured Parties, and it will not be necessary to make any Secured Party, including a Noteholder, a party to the proceedingProceeding.
Appears in 31 contracts
Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-C)
Proceeding. In any proceeding Proceeding brought by the Indenture Trustee (and any proceeding Proceeding involving the interpretation of this Indenture to which the Indenture Trustee is a party), the Indenture Trustee will be held to represent all the Secured PartiesNoteholders, and it will not be necessary to make any Secured Party, including a Noteholder, Noteholder a party to the proceedingProceeding.
Appears in 6 contracts
Samples: Indenture (CAB East LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)