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) written confirmation by each Rating Agency (other than Xxxxx'x) that its rating of the Series 200 _ - _ Notes will not be withdrawn or lowered as a result of such recommencement and (ii) the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Series 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: Series Supplement (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) written confirmation by each Rating Agency (other than Xxxxx'x) that its rating of the Series 200 _ - _ 2000-1 Notes will not be withdrawn or lowered as a result of such recommencement and (ii) the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Series 200 _ - _ 2000-1 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: Series Supplement (Volkswagen Dealer Finance 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) written confirmation by each Rating Agency (other than Xxxxx'x) that its rating of the Series 200 _ - 200_-_ Notes will not be withdrawn or lowered as a result of such recommencement and (ii) the consent of Noteholders evidencing more than 50% of the aggregate unpaid principal amount of the Controlling Class of Series 200 _ - 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: Supplement to Indenture (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) written confirmation by each satisfaction of the Rating Agency (other than Xxxxx'x) that its rating of the Series 200 _ - _ Notes will not be withdrawn or lowered as a result of such recommencement 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 200 _ - _ 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: Indenture (Wodfi LLC)

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