Common use of Prohibition on Certain Actions Clause in Contracts

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Administrator will not (a) make any payments to the Noteholders under the Transaction Documents, (b) sell the Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Administrator will not (a) make any payments to the Noteholders under the Transaction Basic Documents, (b) sell the Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction Basic Documents, (b) sell the 2011-B Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2013-B Basic Documents, (b) sell the 2013-B Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2013-A Basic Documents, (b) sell the 2013-A Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2014-B Basic Documents, (b) sell the 2014-B Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction Basic Documents, (b) sell the 2011-A Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2012-B Basic Documents, (b) sell the 2012-B Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2015-B Basic Documents, (b) sell the 2015-B Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2012-A Basic Documents, (b) sell the 2012-A Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2015-A Basic Documents, (b) sell the 2015-A Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 2014-A Basic Documents, (b) sell the 2014-A Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction 20__-_ Basic Documents, (b) sell the 20__-_ Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.

Prohibition on Certain Actions. Notwithstanding anything to the contrary in this Agreement, the Indenture Administrator will not (a) make any payments to the Noteholders under the Transaction Basic Documents, (b) sell the 20_-_ Collateral pursuant to Section 5.6 of the Indenture or (c) take any other action that the Owner Trustee or the Indenture Trustee directs the Indenture Administrator not to take on its behalf.