Common use of Recommencement of the Revolving Period Clause in Contracts

Recommencement of the Revolving Period. If any Early -------------------------------------- Amortization Event (other than an Early Amortization Event described in Section 5.17 of the Indenture) occurs, the Revolving Period will recommence following receipt of (i) satisfaction of the Rating Agency Condition and (ii) receipt of the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Controlling Class of Series 2001-1 Notes to such recommencement, provided that no other Early Amortization Event that has not -------- been cured or waived as described herein has occurred and the scheduled termination of the Revolving Period has not occurred.

Appears in 1 contract

Samples: Wodfi LLC

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Recommencement of the Revolving Period. If any Early -------------------------------------- Amortization Event (other than an Early Amortization Event described in Section 5.17 of the Indenture) occurs, the Revolving Period will recommence following receipt of (i) satisfaction written confirmation by each Rating Agency that its rating of the Rating Agency Condition Series 200_-_ Notes will not be withdrawn or lowered as a result of such recommencement and (ii) receipt of the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Controlling Class of Series 2001-1 200_-_ Notes to such recommencement, provided that no other Early Amortization Event that has not -------- been cured or waived as described herein has occurred and the scheduled termination of the Revolving Period has not occurred.

Appears in 1 contract

Samples: Wodfi LLC

Recommencement of the Revolving Period. If any Early -------------------------------------- Amortization Event (other than an Early Amortization Event described in Section 5.17 of the Indenture) occurs, the Revolving Period will recommence following receipt of (i) satisfaction written confirmation by each Rating Agency (other than Xxxxx'x) that its rating of the Rating Agency Condition Series 2000-1 Notes will not be withdrawn or lowered as a result of such recommencement and (ii) receipt of the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Controlling Class of Series 20012000-1 Notes to such recommencement, provided that no other Early Amortization Event -------- that has not -------- been cured or waived as described herein has occurred and the scheduled termination of the Revolving Period has not occurred.

Appears in 1 contract

Samples: Volkswagen Dealer Finance LLC

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Recommencement of the Revolving Period. If any Early -------------------------------------- Amortization Event (other than an Early Amortization Event described in Section 5.17 of the Indenture) occurs, the Revolving Period will recommence following receipt of (i) satisfaction written confirmation by each Rating Agency (other than Xxxxx'x) that its rating of the Rating Agency Condition Series 200 _ - _ Notes will not be withdrawn or lowered as a result of such recommencement and (ii) receipt of the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Controlling Class of Series 2001-1 200 _ - _ Notes to such recommencement, provided that no other Early Amortization Event that has not -------- been cured or waived as described herein has occurred and the scheduled termination of the Revolving Period has not occurred.

Appears in 1 contract

Samples: Volkswagen Dealer Finance LLC

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