Common use of Proceedings Clause in Contracts

Proceedings. No Noteholder has the right to start a proceeding under this Indenture or for the appointment of a receiver or trustee, or for any other remedy under this Indenture, unless:

Appears in 81 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2024-C), Indenture (Ford Credit Auto Owner Trust 2024-C)

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Proceedings. No Noteholder has the right to start a proceeding Proceeding under this Indenture or for the appointment of a receiver or trustee, or for any other remedy under this Indenture, unlessunless all of the following have occurred:

Appears in 41 contracts

Samples: Indenture (Verizon Master Trust), Verizon Master Trust, Verizon Master Trust

Proceedings. No Noteholder has the right to start a proceeding Proceeding under this Indenture or for the appointment of a receiver or trustee, or for any other remedy under this Indenture, unlessexcept (1) pursuant to the dispute resolution procedures described in Section 11.2 of the Transfer and Servicing Agreement or (2) if:

Appears in 23 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)

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Proceedings. No Noteholder has the right to start a proceeding Proceeding under this Indenture or for the appointment of a receiver or trustee, or for any other remedy under this Indenture, unless:

Appears in 14 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Owner Trust 2016-B), Indenture (Ford Credit Auto Lease Two LLC)

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